Chicago-based Raise, a major marketplace for gift cards, raised $56 million in a Series B funding, bringing total funds raised by the company to $81 million. Last year the start-up sold more than one million gift cards.
Chicago-based Performics, a data-driven performance marketing services firm, has ankled Scott Shamberg as President of Performics U.S.
The Company says Scott takes the reins at Performics U.S. in the midst of a revolution in the consumer discovery and purchase process.
UK-based Monitise reports it is commencing a review of all options open to the Company to maximize value for shareholders, i.e. “we are for sale.” The Board believes the Company has an exciting future as an independent business, however it recognizes that there may be other businesses which could leverage Monitise’s capabilities for digital commerce enablement to significantly accelerate the growth of the business and take maximum advantage of the growth opportunities in the market today.
Americans still have an affinity for cash over credit cards. A new survey found respondents between ages 18-64 say they prefer cash/debit over all other forms of payment. Those 65+ prefer credit cards.
The clock is ticking for the U.S. EMV migration deadline, but new research shows more than 50% of retailers not fully prepared as EMV deadlines approach.
AZ-based 5th Dimension Logistics has unveiled its advanced Automatic Recurring Billing system (ARB): an enterprise-level system designed to assist corporations by automatically billing accounts placed on recurring billing and layaway plans. With this launch, 5th Dimension Logistics has continued to emphasize the importance of a simple all-in-one solution.
The first JCB in Austria is being launched by card complete Service Bank. card complete is the leading Austrian market player with more than 1.3 million Visa and MasterCard cardholders.
FICO has been awarded four new patents related to fraud detection and advanced analytics. FICO now holds 170 US and foreign patents, and has 93 pending patent applications.
Discover’s Diners Club International signed a deal to further grow Discover and Diners Club card acceptance in the UK and Europe. The contract with The Logic Group offers services based on supporting Omnichannel customer interactions whether managed payments or loyalty solutions and integrating these to provide customer insights.
MA-based mobile wallets specialist Cortex MCP has inked the former president and CEO of payment management company CyberSource for its board. Michael Walsh has an extensive background in the payments and technology industries.
Following Discover and Capital One, Citi has begun delivering complimentary FICO Scores to Citi-branded consumer credit cardholders. Citi ended 2014 with 23.6 million U.S. bank credit card accounts.
While the banking industry is avoiding the emerging marijuana-related business, mainstream investors are preparing to jump in as it is expected to become legal in many more states within the next three years.