CashStar, the industry-leading provider of prepaid commerce solutions has closed o $15 million in growth capital. FTV Capital led the Series D round, joined by new investor Mosaik Partners and existing investors Passport Capital, Intel Capital, North Hill Ventures and others. This financing brings the total capital raised by CashStar to $50 million and will enable the company to continue investing in product innovation, sales and client success.
Nexonia has launched a new user interface (UI) for their Nexonia Expenses mobile application. The modern and streamlined functionality of Nexonia Expenses 10.0 will provide customers with a visually-appealing user-interface, enhanced automation and the ability to configure and personalize the app itself.
New research/survey shows 64% begin their shopping journey on online marketplaces compared to 48% on merchant websites, 40% on search and 25% on social media, Respondents ranked trust as the number one factor on whether they chose to complete an online purchase
San Francisco’s beloved Consumer Action, funded by Visa, has created “A consumer’s guide to ‘chip’ cards,” a free publication designed to help credit and debit cardholders understand why the transition is taking place, how the checkout process will change, what consumer protections they will have and where to get more information.
Visa and MasterCard U.S. credit card gross dollar volume (GDV) remained a solid 9.9% year-on-year (YOY) gain in the second quarter (2Q/15). U.S. debit card GDV edged up 6.2% YOY. Visa leads the credit card segment and MasterCard leads the U.S. debit card vertical in YOY gains, according to CardData.