Payoneer Funding
NY-based Payoneer says Wellington Management Company has led a $50 million investment in Payoneer. Susquehanna Growth Equity, an existing shareholder, also joined the funding.
Tapingo Funding
Tapingo landed a $22 million investment led by Qualcomm Incorporated through its investment arm Qualcomm Ventures. DCM Ventures, Kinzon Capital, and existing investors Khosla Ventures and Carmel Ventures also participated in the round. The company will use the funding to accelerate its expansion beyond the college market, with the goal of transforming local commerce.
Payoneer Secures Additional $25 Million
Payoneer Inc. today announced it has completed a Series D financing round of $25 million. Susquehanna Growth Equity, LLC, a private equity firm focused on the financial services industry and an affiliate of Susquehanna International Group, LLP, led the investment, with participation from existing investors Carmel Ventures, Greylock IL and Vintage Venture Partners. Payoneer empowers cross-border commerce by providing a payment platform that connects thousands of companies with millions of professionals and small business owners from more than 200 countries. A profitable company with a four-year revenue CAGR of over 65%, Payoneer intends to continue its rapid growth by utilizing this new capital to accelerate its product roadmap, expand into new verticals and markets and increase sales and marketing investments, as well as enable the company to more actively pursue acquisitions.
CashStar Announces Latest Gift Card Program Client
CashStar launched a new gift card program with American grill and sushi bar, Kona Grill, replacing its existing gifting platform with CashStar’s solution. CashStar now powers Kona’s plastic and digital gifting programs, and also gives Kona gift card purchasers and recipients enhanced mobile experiences. Kona Grill’s mobile-optimized purchase pages make buying eGift cards on-the-go via a smartphone simple and easy. Recipients with iPhones or iPod Touch devices running iOS 6 or newer can easily store and redeem eGift cards in Apple’s Passbook app.
TableTop Media Installs Pay-At-Table POS Touchscreens
Chili’s chain restaurant throughout Indiana installed TableTop Media “Ziosk” pay-at-the-table touchscreen devices for its consumers’ use. To alleviate the biggest complaint from guests in restaurants – not being able to pay their checks and leave when they are ready- “Ziosk” is the digital entertainment and pay-at-the-table device lets users see featured items, play games, watch movie trailers, sign up for e-clubs, order desserts, take surveys and pay on demand when they are ready to depart. Ultimately, this eliminates the frustration of waiting for a busy server, letting customers simply pay with credit, debit and gift card payment options and leave.
Paybefore Awards Awards Payoneer Prepaid Card
The “Payoneer Prepaid MasterCard” has been awarded the BEST BUSINESS/CORPORATE-FUNDED PROGRAM: B2E (Business to Employee) at the fourth annual Paybefore Awards. The most prestigious recognition of excellence in the worldwide prepaid and stored value card industry, the Paybefore Awards are presented by Prepaid Media. Accordingly, Payoneer’s prepaid card solution is an elegant way for companies to pay their constituents much more quickly while lowering administrative costs and turning payments into a branding opportunity. It was selected by a panel of five industry experts who served as judges for this year’s competition. Payoneer provides a fully hosted online payment solution that gives organizations a more efficient method to pay individuals virtually anywhere in the world.
Mformation Appoints New CEO
Mobile technology management provider Mformation Technologies has
tapped Todd DeLaughter, previously CEO at Opalis Software, as its new
Chief Executive Officer. DeLaughter will use his more than 24 years of software, IT and telecommunications experience to expand the companyâs leadership position in the rapidly growing device management marketplace. He comes to Mformation with a proven track record of defining and delivering complex software products worldwide for the IT and telecommunications industries. He was most recently president and CEO of Opalis Software, an independent IT Process Automation company. His career also includes over 20 years at HP and Compaq in a wide range of executive, engineering, marketing and product management roles in North America and Europe, including leading HPâs OpenView Business Unit.
FixYa Opts for a MetaBank Prepaid MasterCard
Product support community FixYa will enable over 250,000 Tech Experts to receive their earnings on a
Payoneer’s reloadable “FixYa Prepaid MasterCard” issued by MetaBank.
FixYa Experts can gain immediate
access to their money worldwide wherever Debit MasterCard is accepted —
avoiding the lack of availability of PayPal in certain countries, and
cash-hold restrictions that make it hard to access funds except for
online transactions. In addition, FixYa Experts can spend or withdraw
funds in their own currency worldwide wherever Debit MasterCard is
accepted without the need for a bank account. An online site
allows Experts to check their card balances and transactions easily at
any time. If a card is ever lost or stolen, Payoneer will cancel the
card and transfer the remaining balance to a new replacement card.
FixYa’s card program, administered by Payoneer, has already received
rave reviews during pilot programs by FixYa Experts both within and
outside the US. Payoneer provides prepaid
debit card and international payments programs for hundreds of
Internet-centric companies in accordance with MasterCard’s strict
security and “Know Your Customer” regulations.
ITS Visa Payroll Card is Introduced
OK-based Interactive Transaction Services has partnered with STAR
Financial Bank to offer the “ITS Visa Payroll Card” to Indiana employers.
The “Visa Payroll Card” offered by ITS has many features that make it
unique, including a built-in remittance capability that allow
cardholders to send money to family members in Mexico and 13 other Latin
American and Caribbean countries at a price of $6. This is far less than
the national average. ITS will also begin offering Bill Pay and Mobile
Banking to cardholders. It is these features that make it particularly
attractive in STAR’s area. STAR bank holds
assets of $1.7 billion and operates 46 banking centers throughout the
state. ITS is a transaction processing subsidiary of Central National Bank.
F-SECURE MOBILE SECURITY
Mobile device manager Mformation Technologies and security solution provide F-Secure will introduce
a complete application lifecycle management
solution for the “F-Secure Mobile Security” application.
Using OMA DM industry standards and Mformation’s enhanced mobile device
client, the solution provides the flexibility to
support individual needs through customer- or self-care capabilities as
well as to support market segments, departmental, or enterprise-wide
needs, through rules-based automation. As a result of remote management
and user experience testing the F-Secure application
can be downloaded and pre-configured silently on the device,
based on operator requirements, remains invisible until the service is activated remotely,
can be silently configured over the air after activation to
update security policies or preferences and be set up to support varying levels of end-user interaction
during over-the-air operations, including completely silent operation
with no user interaction, depending on operator or enterprise requirements.
Operators and enterprises can trigger the update of virus
definitions and scanning of devices depending on the severity of
security alerts.
Israeli Firm Invests in Payoneer
NY-based prepaid card provider Payoneer has received an $8 million Series
B investment led by Carmel Ventures and appointed general partner and
co-founder of Carmel Ventures Avi Zeevi to Payoneer’s
board of directors. Funds will be used
to accelerate the expansion of Payoneer’s payment service offerings and
to enhance its technology with advanced compliance tools that bring a
new standard of confidence to international payments. Additional
investors in the round include Greylock Partners, Crossbar Capital and
Zohar Gilon. Payoneer provides corporate payout solutions that
lets companies pay authorized payees worldwide using prepaid MasterCard
cards.
IDT Names Oppenheimer as CFO
NJ-based phone card specialist IDT Corporation has named Marc Oppenheimer as EVP/CFO and Treasurer. Prior to this new appointment, Oppenheimer has been the Lead Independent Director of IDT’s Board of Directors since December 2006 and the financial expert of the Audit Committee of IDT’s board since April of 2006. He has also served as the Chairman of the Audit Committee and Director of Net2Phone. His financial expertise includes being President of Octagon Associates, Inc., a merchant banking and financial/strategic advisory firm. Until mid-2006, he was Executive Vice President of Kenmar Global Investment Management, Inc., and a Managing Director of Kenmar-Nihon Venture Capital. Oppenheimer started his financial career as a Credit Officer at The Chase Manhattan Bank, N.A. specializing in international lending and commodity financing. He also served as the Director of Trade and Merchant Banking for Midlantic National Bank, an institution with assets of $29 billion. Oppenheimer has a B.S. with Honors in Management and Industrial Relations from New York University as well as an MBA with Honors in Finance from New York University.