NC-based Red Ventures, a digital consumer choice platform, has inked a deal to acquire Bankrate, an online publisher, aggregator, and distributor of personal finance content and a top credit card commissioned marketer. Under the terms of the merger agreement, Bankrate shareholders will receive $14.00 per share in cash, which represents a premium of approximately 31%…
America’s fastest growing tech conference, with more than 20,000 attendees, and millions of business ideas including fintech is slated for early May in New Orleans. Collision attendees include 3,000 CEOs and other senior executives. About 4,500 companies will be represented from 110 countries. It is an ultimate event, and best of all, it is sandwiched…
Clearent has completed its acquisition of Payment Alliance International’s (PAI) Merchant Services Division. The acquisition adds support and operations resources, a complementary telesales channel, strategic association partnerships, and increases Clearent’s processing volume by 40%. PAI’s Merchant Services Division is a provider of payment processing solutions for businesses, Independent Sales Organizations (ISOs), agents and associations, and…
Nexonia, a provider of web and mobile business financial management solutions, and Tallie, a provider of an accounting profession’s expense report solution, will merge, effective immediately. The combined company will form the largest and fastest growing independent time and expense management platform, giving customers feature-rich SaaS financial management software, best-in-class highly configurable integrations and industry-leading…
Accenture has acquired, one of the UK’s largest independent agencies renowned for blending creativity, digital and data to develop campaigns that help brands better engage with consumers. The Karmarama acquisition strengthens the ability of Accenture Interactive, part of Accenture Digital, to create and deliver integrated customer experiences to brands in the UK and beyond. Based…
Citibank North America branded credit card metrics exploded in the third quarter (3Q/16) as the Costco card segment kicked into high gear. However, card income sank more than 35% year-on-year (YOY) in 3Q/16. North America Citi-branded card revenue jumped 14.7% YOY to $2213 million for 3Q/16, compared to $1907 million in the prior quarter and…
U.S. Bank (USB)’s Payment Services division reports explosive year-on-year (YOY) growth in consumer credit card gross dollar volume (GDV), as well as a substantial YOY gain in credit card outstandings (OUT) for the third quarter (3Q/16). Payment Services includes consumer and business credit cards, stored-value cards, debit cards, corporate, government and purchasing card services, consumer…