Houston-based Evolve Money, the free bill payment app for desktop and mobile devices owned by PreCash, now offers its customers the option to pay their bills with credit cards. Discover is the first credit card accepted for payment using the mobile app, with plans to support VISA and MasterCardin 2015.
San Francisco-based Revel Systems has secured approximately $100 million Series C funding from New York City-based private equity firm Welsh, Carson, Anderson & Stowe and other strategic investors. The round includes an initial $65 million investment from WCAS and an additional $25 million equity line available from WCAS.
Seatlle-based SinglePoint has finalized an ISO Partnership Agreement with RedFynn Technologies, a payment processing and business solutions provider.
NFC was losing steam in last couple of years after initial hype. There were half hearted attempts but as soon as Apple announced iphones with NFC, the entire segment looks like as if it’s on steroids right now. The boardrooms are busy these days in any company connected to NFC terminals or payments.
Compass Plus announced the migration of Global Processing Centre in Antigua, the third largest processor in the Caribbean region, to its open development payments platform, TranzAxis, in just three months.
Paris-based Oberthur Technologies and Canada-based Mobeewave, a key actor in mobile payment, are announcing a solution – Flying mPOS – turning any NFC device equipped with OT’s PEARL eSE into a secure mobile payment terminal (mPOS).
Chase Paymentech, the pioneer of the acceptance of new payment methods, including PayPal, Bill Me Later, Green Dot and Apple Pay, reported $213.9 billion in Q3/14 dollar volume. Chase Paymentech’s customer base includes 280,277 merchants with 552,191 locations.
Visa’s CyberSource unit racked up more than 1.9 billion transactions in the third quarter but continues to slow year-on-year. The decelerating CyberSource transaction growth is among the factors in a drag on Visa’s stock.
The NCR Silver cloud-based point-of-sale (POS) system for small businesses such as retail shops, cafes and food trucks will now offer merchants the ability to accept bitcoins as payment.
JetPay has closed on the acquisition of ACI Merchant Systems, a Langhorne, PA- based debit and credit card processing company. The combined company will process approximately $20 billion in payments for approximately 14,000 businesses throughout the USA.
American Savings Bankand First Bankcard have launched the new American Savings Bank Maximum Rewards Visa Card designed with home improvement benefits in mind.
Reval scalable and integrated Treasury and Risk Management (TRM) solution partnered Fiserv financial services technology solutions. Reval clients can now leverage Weiland BRMedge from Fiserv for automated world-class bank fee analysis. BRMedge scans every line of every statement looking for more than 30 categories of potential errors. The system automatically notifies banks regarding billing errors, allocates charges to business units and posts fees to the corporate’s general ledger. It also enables treasuries to analyze the entire cash flow cycle, budget for future bank fees, and model different balance, service and calculation scenarios.