Vantiv to Suck Up Moneris USA Solutions for US$425 Million

OH-based Vantiv has inked an agreement to acquire Moneris Solutions from Moneris Solutions Corporation (Moneris) for $425 million. Schaumburg, IL-based Moneris USA is the U.S. subsidiary of Moneris, which is a joint investment between BMO Financial Group and Royal Bank of Canada (RBC). Upon closing of the transaction, Vantiv will begin servicing Moneris USA’s merchants…

NerdWallet Ankles a Big-Time Exec as First Chief Product Officer

NerdWallet has ankled Tapan Bhat, veteran technology leader and former Realtor.com Chief Product Officer (CPO), as its first CPO. NerdWallet provides free tools and clear, unbiased advice to help consumers choose the best credit cards, mortgages, banks, insurance and other financial options for their lives. Bhat will report directly to co-founder and CEO Tim Chen.…

Chase Ink Biz Preferred Card Offers 80K Bonus Pts for $5K in 3 Mo

The new Chase Ink Business Preferred credit card rewards the spending of today’s businesses with three points per dollar on the first $150,000 spent each account anniversary year in combined purchases on travel, shipping purchases, advertising purchases with search engines and social media sites, and on internet, cable and phone services. New Chase Ink Business…

LendingTree Acquires CompareCards

LendingTree has acquired Iron Horse Holdings, which does business under the name CompareCards. CompareCards is a leading online source for side-by-side credit card comparison, comprehensive credit education and credit health management. CompareCards provides consumers with one centralized location for pertinent credit card information needed to find the best card for their needs. “CompareCards has an…

Synchrony Rock ’n Rolls Posting a Solid 3Q/16 for Retail Cards

Synchrony Rock ’n Rolls Posting a Solid 3Q/16 for Retail Cards

Synchrony Financial’s retail credit card business revenues posted an 11.2% year-on-year (YOY) gain for the third quarter (3Q/16) to $2.79 billion. Retail card outstandings continue to be aided by the recent acquisition of the BP portfolio during the second quarter. During the quarter Synchrony renewed key relationships – TJX Companies, hhgregg, Nationwide Marketing Group and…

MemberAssist Targets Martial Arts, Fitness and Health Businesses

PA-based Member Solutions, a provider of business management software and solutions including full-service membership billing, payment processing, and advisory services for Martial Arts, Fitness and Health-related businesses, has released MemberAssist, a new mobile application that helps businesses increase member engagement and maximize revenue. The Company says a large percentage of consumers now use smartphones or…