Houston based P97 Networks, developers of PetroZone, a cloud based mobile commerce and behavioral marketing platform for the convenience and fuel retailing industry, announced today the closing of an $8 million Series A funding.
Bank card default rates set a new historical low in November with a reported rate of 2.59%, down one basis point from the previous month. However, the composite consumer default rate edged up one basis points.
Smart/EMV payment card shipment levels are up 24.7% this year. Of the 2 billion units shipped, just over 600 million payment cards will be delivered into the Chinese market and 181 million units to the United States.
Amsterdam and San Francisco-based Adyen has closed $250 million in funding. The funding round was led by global growth equity investor General Atlantic, with additional participation from Temasek, Index Ventures and Felicis Ventures.
Alaric’s Fractals intelligent fraud detection solution has been upgraded with many new features. Fractals uses a combination of self-learning models and user defined rules to tackle any type of transactional fraud problem.
NCR’s cloud-based point-of-sale (POS) system for small businesses has been integrated with LevelUp. The NCR Silver system will now join at top mobile loyalty and payment platform.
NCR announced Golden Pacific Bank is deploying its mobile remote deposit capture as part of its mobile banking experience with Digital Insight. Consumers and small businesses banking with Golden Pacific will be able to deposit checks using their mobile banking app and their phone’s camera. Golden Pacific has implemented a number of initiatives to improve access for small businesses and recently won an award from the American Bankers Association for its use of technology in improving the application process in Small Business Association loans. Mobile remote deposit is part of a complete range of core banking functions powered by Digital Insight that Golden Pacific customers can complete on their mobile device including checking balances, viewing transaction history, bill pay, and funds transfers.
D3 Banking has teamed with ProfitStars. Under terms of the deal D3 Banking will offer ProfitStars’ iPay Consumer Bill Pay solution. ProfitStars is a division of Jack Henry & Associates.
Creditcall EMV-ready payment gateway provider supplied its mPOS payment solution CardEase Mobile to U.S. burgers and fries chain Five Guys. The product, which comprises an mPOS SDK that allows developers to easily add payment functionality to an mPOS offer, is an integral part of a new restaurant queue busting solution for Five Guys in the UK which speeds up customer processing time and also allows for better customer interaction while they are waiting to be served. Staff in 19 Five Guys restaurants are now able to take customers’ orders and mobile payments in the queue via a tablet device that includes Creditcall’s mPOS payment solution CardEase Mobile integrated within Lineten’s NOQU queue busting app.
ME-based CashStar Marketing solutions is powering more than 150 promotions this holiday season. Rewarding for both the sender and recipient, digital gift cards offer shoppers convenient and personalized gifting experiences, and enable retail and restaurant brands to influence consumer spending through targeted marketing campaigns.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Neil Garner, Chief Executive Officer and Founder of Proxama.
Boston-based Alpha Software Corporation has integrated its Alpha Anywhere business application development environment with Worldpay, a leading global payment provider, to speed the creation of payment-enabled mobile business apps.