Other Breaking News
CardFlash News Briefs: FRESHBOOKS (Reader); MOBEEWAVE (Award); VANCO (exec); and APS (V-Tech).
NerdWallet Board
San Francisco-based NerdWallet has elected Simon Williams to its board of directors after he ponied up a $5 million investment from his Camelot Financial Capital Management. The funding brings the company’s Series A funding to $69 million.
COF UK PPI Q2
Capital One second quarter earnings of $830 million were significantly impacted by a $147 million restructuring charge, earnings were further offset by a $41 million build of litigation reserves relative to the company’s U.K. Payment Protection Insurance reserve.
Data Breach Injuries
The U.S. Court of Appeals for the Seventh Circuit held that data breach victims suffer injury for purposes of Article III standing and can thus have their day in court against companies who fail to protect their personal information from hackers.
Level-3 Payments
MD-based Revolution Payments debuts a new B2B payment gateway allowing merchants to receive the reduced level 2 and level 3 interchange rates without requiring manual entry.
Other Breaking News
In today’s CardFlash News Que: ACI (board); AMEX (study); CSI (China); and NAB (award).
NerdWallet Funding
San Francisco-based NerdWallet is hitting the big time with $64 million in Series A funding round led by Institutional Venture Partners (IVP) with participation from RRE Ventures, iGlobe Partners and additional angel investors.
SITP & Maestro
Recaudo Bogotá, Bancolombia and MasterCard announced the inclusion of electronic payments to promote and facilitate access to Bogotá’s Integrated Public Transit System (SITP).
Citi Woes 2014
Citibank faced a rough 2014 as fourth quarter (Q4/14)net revenues declined 8% sequentially (Q/Q) and flat year-on-year (Y/Y) to $16.5 billion. Citi’s Global Consumer Banking business declined 2% Q/Q and flat Y/Y to $9.5 billion for Q4/14.
Stingray III POS
Panasonic unveiled the new modular “Stingray III” POS workstation. An enterprise-grade POS device compatible with a variety of Microsoft Windows operating systems, it features an all-in-one flexible, modular design for the retail, quick service restaurant (QSR) and hospitality industries. Flexibility and Modularity: The Stingray III’s versatile design features interchangeable touchscreens and allows easy customization to meet individual retailer requirements with unlimited mounting options. The increased modularity of the Stingray III also makes servicing and replacing parts a simpler process, allowing the workstation to be easily maintained, reducing total cost of ownership and increasing ROI.
Panasonic POS 2015
Among the newest Panasonic’s products for 2015 is the Toughpad FZ-R1, the industry’s first*1 7-inch all-in-one mobile POS tablet running Windows 8.1 for retail environments and to meet the changing omni-channel customer expectations while providing secure transaction capabilities.
PCI DSS Templates
Global PCI DSS policy templates containing literally hundreds of high-quality, professionally developed security documents for helping ensure comprehensive PCI DSS compliance & certification are now available for instant download.