Culver City, CA-based Lootsie, a startup loyalty and rewards platform for mobile apps, has snagged $3.5 million in seed funding. Since launching in 2012, the company has partnered with major retailers, brands and developers including SOL REPUBLIC, Manduka, Sevenlogics and All Shook Apps.
Miami-based Net Element’s Aptito released version 2.3 of its cloud-based mPOS platform. Aptito’s all-in-one restaurant and bar POS and business management software gives restaurants the tools to reduce payroll costs, improve efficiency, and increase customer satisfaction.
USAA Federal has scored the best in overall mobile banking. USAA is the only financial institution of the top 30 financial institutions that offers contacting a CSR or virtual assistant within the app, one of the key distinctions.
Fiserv made available its “LoanLaunch” enterprise loan originations on a single platform. Giving lenders a holistic view of borrowers across all channels and products, “LoanLaunch” gives greater transparency across departments, customers and business processes. As the new name suggests, the solution allows lenders to respond to continually changing business needs and easily “launch” new opportunities within the organization to address increasingly diverse borrower segmentation. The latest solution empowers the lender through its optimized control over virtually all retail and business origination operations.
San Francisco-based The CardLinx Association is kicking off a robust schedule of events for February and the Spring. Each forum in the series will focus on a dynamic area in card-linked offers.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Karen Webster, Chief Executive Officer of Market Platform Dynamics.
The average charge-off rate among the top four U.S. Visa and MasterCard issuers jumped 15 basis points (bps) in the fourth quarter after plunging to record lows most of 2014. Capital One (COF) Q/4 charge-offs soared 56 bps sequentially.
American Express reported fourth-quarter consolidated total revenues net of interest expense rose to $9.1 billion from $8.5 billion a year ago, up 7% (9% when adjusted for foreign currency translations). The revenue increase primarily reflected the previously reported gain of $719 million ($453 million after-tax) on the sale of the company’s investment in Concur Technologies. The increase also reflected a rise in cardholder spending and higher net interest income.
Consumers now making Western Union transactions at kiosks in over 7,600 Walgreens and Duane Reade locations nationwide also have the ability to utilize the Apple Pay service.
Austin-based Mozido has ankled Ron Hynes, the former executive vice president of global prepaid solutions at MasterCard Worldwide, as President Global Markets.
Barclaycard US is going all out to capture the Super Bowl fever with its NFL Extra Points Visa credit card. The exclusive card is offering free Super Bowl tickets and access to NFL experiences.
London-based Tuxedo Money Solutions and Silicon Valley-based i2c have signed a processing agreement for the global prepaid and emerging payments sectors.