In today’s CardFlash News Que: DEEM (ARP): ENSENTA (VALID); CITIZENS (commingling); and STATISTA (gambling).
DEEM – Deem, a Commerce-as-a-Service (CaaS) company, announced a new capability for its expense management and fulfillment product, Deem Expense. The new Intelligent Matching feature expands the capabilities of Deem’s Automated Receipt Processing (ARP), released earlier this year, allowing credit card and travel service transactions with processed receipts to be automatically matched within the Deem Digital Wallet, consolidating multiple sources for the same expenditure as a single line item.
ENSENTA – Ensenta, a provider in mobile payments, is partnering with VALID Systems, a leading fraud prevention and analytics firm, to provide Mobile Acceptance and Guarantee of Imaged Checks (MAGIC). The combined solutions include Ensenta’s remote deposit capabilities and award winning Agile Risk Management services with VALID’s advanced analytics platform and funds guarantee to provide a risk free remote check deposit and payments option for mobile payments.
CITIZENS – When it comes to managing their finances, a quarter of small business owners are still keeping company money in the same account as their personal finances, according to a new survey released from Citizens Bank. Despite the potential risks to their personal tax status and their future access to credit for their business, 26 percent of small business owners say they don’t have a separate account for their company.
STATISTA – Gambling is big business and according to a projection from the world’s largest statistical source Statista, it’s going to reach a net worth of $41.4B in 2015. As of late, we can see that the online aspect of gambling is rapidly taking market shares from the brick and mortar kind. In essence, it makes perfect sense as many forms of entertainment are being transferred to the online world, and casinos are no exception.