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.
Judo Payments mobile-first payments platform has successfully closed an additional £6M in funding for expanding its mobile commerce, led by Route 66 Ventures. They also announced partnerships with KFC for online payments. Last year Judo partnered with coffee chain Harris + Hoole to produce an award-winning app, “Retailer of the Year” at Payments Awards 2014, that allows customers to pay without having to touch, tap or scan at the counter. The £6M extra investment will be used primarily to increase the resources of the team as Judo looks to expand its existing business and products in Europe and enter into new geographic territories later this year. The Judo platform offers mobile-specific fraud prevention and API level transaction routing.
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.
Misys signed an agreement with tcmpartners making it a member of Misys InFusion Partner Program. It’s partnership will cover Mexico, Colombia, Chile and Peru, as well as in European markets, that include Spain, Portugal, and Andorra. tcmpartners specialises in assisting financial institutions address complex financial systems needs involving regulatory requirements, system selection, customisations and implementation. Its extensive understanding of the Latin American region enables the company to provide local and tailored market knowledge. tcmpartners will implement Misys solutions for Capital Markets, Risk Management and Investment Management rapidly and effectively.
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.
The African Development Bank (AfDB) and MasterCard partnered to expand financial inclusion across Africa and develop solutions that drive inclusive growth, broadening access and usage of digital financial services. MasterCard brings proven expertise to design and scale inclusive financial services solutions and infrastructure. The AfDB actively promotes sustainable economic growth and poverty reduction in Africa. Together they will work with African governments and local private sector companies to develop and deliver affordable services that meet the needs of a wide consumer base, especially the traditionally unbanked. This is meant to drive inclusion at a country level and enable service delivery on educate on financial inclusion and economic development.
Holiday online shopping hit a new high in 2014 says a new US/UK report, driven by three factors: greater convenience, better prices and ease of use. However, shipping remains the “Achilles’ heel” of online shopping.
Latin America is the fourth largest region worldwide by B2C E-Commerce sales. Two of the emerging B2C E-Commerce markets in the region, Brazil and Mexico, rank among the top twenty countries by the size of the online retail market.
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.