Other Breaking News
CardFlash News Briefs: FRESHBOOKS (Reader); MOBEEWAVE (Award); VANCO (exec); and APS (V-Tech).
Zebit
Zebit has launched the first fully automated payment system providing zero-interest credit to the 68 million Americans underserved by traditional financial services but willing to pay up to MSRP prices for electronic products.
WEX + EFS
ME-based WEX has entered into a definitive agreement to acquire Electronic Funds Source for $1.1 billion in cash and 4.0 million shares of common stock to be issued to investment funds affiliated with Warburg Pincus, EFS’ current owner. The acquisition is expected to be immediately accretive to adjusted net income.
Other Breaking News
In today’s CardFlash News Que: MASTERCARD (Sri Lanka); TSYS (The Edge) and VISA (Deutsche).
GreenCoinX
Toronto-based GreenCoinX has formed an Advisory Board to assist in the further development of GreenCoinX, the world’s first identifiable crypto currency. GreenCoinX identifies users and facilitates the collection of user defined optional taxes by worldwide governments.
Zapper NYC
Diners in New York City will now be able to use their smartphones to pay their bill at restaurants throughout the city, as Zapper launches their mobile payments app and marketing service at local establishments this month.
Spirit Debit Reward
The artwork of high school students Traeveon Reese and Martha Estrada will soon appear in the wallets of thousands of debit cardholders in north Texas. The aspiring artists’ designs are being featured on the new Spirit Debit Reward cards, offered by Texas Trust Credit Union.
Experian’s Survey
Over a quarter (28 per cent) of social housing tenants are missing out on huge savings by using cash to pay for bills, goods and services, rather than direct debit, according to research from Experian.
NuoDB 1MM TX
With a maximum of 40 transaction processing servers running on inexpensive commodity hardware, NuoDB’s performance was seven times higher as compared to its previous version — processing more than one million transactions per minute.
Factor4 Gift Cards
Jim Battista is back and has helped form the new Factor4 business to offer gift and loyalty solutions to merchants. The Company has acquired the book of business containing over 11,000 gift and loyalty customers from SparkBase.
Jim Kelly
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Jim Kelly, Chief Executive Officer of EVO Payments.
Tillster
CardWeb.com’s CardData database of Company Profiles features QSR payments specialist Tillster. Perse Faily is the CEO and President.