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.
Silicon Valley, CA-based bill.com has closed a $50 million financing round. Bill.com provides a suite of digital payments solutions that make bill payment and invoicing processes painless.
Phillip Dunkelberger is the President and Chief Executive Officer of Nok Nok Labs.
Experian renewed its strategic partnership with Nationwide Building Society, by which it will provide credit reference and electronic authentication services for at least the next three-years. Nationwide will use Experian’s credit bureau data, to better assess new applications for credit, manage existing customers’ access to credit and lend responsibly throughout. The building society will continue to use Experian’s Delphi for Customer Management (DCM) software, Delphi for New Business scores and Delphi Data Block – a set of credit variables enabling clients to help build bespoke scorecards using Experian data. All three include highly predictive models and event monitoring to identify changes in the credit behavior of customers, enabling the organisation to make better customer credit management decisions. In addition, Nationwide will verify, validate and authenticate customers’ identities, as well as prevent fraud through Experian’s online authentication services. Nationwide will also migrate to Experian’s “ExPin” credit bureau platform to help companies gain the most comprehensive view of each customer.
Citi Ventures of Citigroup made a strategic investment in Billing Revolution mobile payments provider, following its sponsorship of Billing Revolution’s “Single-Click Checkout” cross-platform, low-friction mobile billing service. Citi’s Global Enterprise Payments group was recently created to develop comprehensive institution-to-consumer and consumer-to-institution payments solutions for the world’s largest global corporations, financial institutions, and governments. Citi Ventures sources, qualifies, invests in and teams with cutting-edge companies to provide competitive advantages to Citi’s global business units and to give Citi customers new, secure and frictionless services designed around their increasingly digital and mobile lives.
Revel Systems iPad and cloud-based POS systems has closed a $3.7 million round of funding led by DCM venture capital firm, coinciding with Jason Krikorian, DCM General Partner, having joined its Board of Directors. The additional capital will be used to expand sales and marketing, roll out new products, grow its tech sales and support network and further develop its customer base across the United States. The system is among the only POS systems that is fully PCI-compliant, including its hardware, software, and network.
Billing Revolution frictionless mobile payments has been vested $6.6 million in Series B funding, led by global venture capital firm, DCM and SK Telecom Ventures. This will allow mobile users to purchase digital and physical items across all mobile operating systems with a single click, solving an important pain point and adding ease of use for consumers in mobile payments. The PCI compliant platform is in use today and was built by an experienced team that comes from Microsoft, AT&T, T-Mobile, and Nokia to serve the growing demand for Billing Revolution’s Single-Click Checkout.
Rurban Financial full-service community banking, investment management, trust services and bank data and item processing, has announced that Port Austin State Bank of Port Austin, Michigan, has selected the Single Source core banking application offered exclusively through RDSI Banking Systems. Ohio-based Rurban Financial is a publicly-held financial services holding company. Its wholly-owned subsidiaries include The State Bank and Trust Company, including Reliance Financial Services and RDSI Banking Systems (RDSI), including DCM. Rurban has 10,000,000 shares of stock authorized and 4,861,779 shares outstanding.
DOCOMO’s credit payment service has topped 10 million this week. “DCMX” enables subscribers to make purchases using their mobile phones as credit cards via “iD,” DOCOMO’s branded mobile payment platform for handsets equipped with contactless IC cards (Osaifu-Keitai). Currently, over 30 million DOCOMO customers use Osaifu-Keitai-compatible handsets and about 60% of all DOCOMO customers are using Osaifu-Keitai services. As of July 31st there were approximately 420,000 “iD” readers/writers nationwide. Subscribers of the standard “DCMX” and “DCMX GOLD” plans can also earn DOCOMO’s loyalty points each time they make a purchase transaction. Launched in April 2006, DCMX reached 1 million subscribers in November 2006, 5 million in February 2008 and 10 million, just three years and four months since the original launch.
CardFlash International reports that subscribers to “DCMX,” DOCOMO’s credit payment service, topped 10 million in Japan yesterday.
“DCMX” enables subscribers to make purchases using their mobile phones as credit cards via “iD,” DOCOMO’s branded mobile payment platform for handsets equipped with contactless IC cards (Osaifu-Keitai). Currently, over 30 million DOCOMO customers use Osaifu-Keitai-compatible handsets and about 60% of all DOCOMO customers are using Osaifu-Keitai services. As of July 31st there were approximately 420,000 “iD” readers/writers nationwide. Subscribers of the standard “DCMX” and “DCMX GOLD” plans can also earn DOCOMO’s loyalty points each time they make a purchase transaction. Launched in April 2006, DCMX reached 1 million subscribers in November 2006, 5 million in February 2008 and 10 million, just three years and four months since the original launch.
NTT DOCOMO plans to launch on July 21st a new service that will enable an individual subscriber to use their DOCOMO mobile phone to remit money to another DOCOMO user. Customers of DOCOMO’s “i-mode” mobile Internet service on the “FOMA” 3G network will be able to remit up to 20,000 yen (about 208 U.S. dollars) per transfer. The payee receives a mail notification via their DOCOMO mobile phone and is given the option of depositing the money in a domestic bank account or having the amount credited to their monthly DOCOMO phone bill. The payee can receive remittances totaling up to 200,000 yen (about 2,080 U.S. dollars) per month. DOCOMO’s mobile remittance service does not require the payee to register for the service or open a new bank account.
In addition, since the payer basically only requires the payee’s phone
number to make the remittance, the payee does not have to divulge any private banking details. The charges per payment (including consumption tax) will be 105 yen for the payer and 65 yen for the payee. The payee is not charged, however, if the remittance is deposited into a Mizuho Bank account or credited to their monthly DOCOMO phone bill.
FamilyMart Co has announced an alliance with DoCoMo in which
DoCoMo is to acquire 2,930,500 shares of common FamilyMart
stock for about 9 billion yen. In conjunction, FamilyMart will be
accepting mobile credit via DoCoMo’s iD platform enabling
users to make NFC payments with their phones. This agreement
will benefit each company through leverage of FamilyMart’s 7,000
convenience stores and DoCoMo’s some 52 million customers.
With this, the companies plan to Introduce iD mobile payments for
purchases made on FamilyMart’s shopping website, the “Famima iD”
mobile credit card, a provision of benefits for using DoCoMo’s
DCMX and FamilyMart’s “Famima iD” mobile credit cards, and
trial use of Famima Cards by owners of DoCoMo phones.