CardFlash News Briefs: FRESHBOOKS (Reader); MOBEEWAVE (Award); VANCO (exec); and APS (V-Tech).
Merchant acquirer and payments technology and services provider for SMBs, TransFirst, owned by buyout firm Vista Equity Partners, has filed for an IPO. Shares to be listed on the Nasdaq under the symbol “TF” with an IPO size of $100 million.
First Data expects to raise $3.7 billion in its initial public offering. The deal involves 160 million shares of its Class A common stock. The initial public offering price is expected to be between $18.00 and $20.00 per share.
Atlanta-based Payscape has formed its first Board of Directors consisting of co-founders, Adam Bloomston and Jeremy Wing, along with Jon Ziglar, CEO at Parkmobile, LLC, Dan Speight, Vice Chairman and COO at State Bank & Trust Company and Steve Kane, Senior Executive & General Counsel at Sterling Payment Technologies.
The Consumer Financial Protection Bureau nailed of the nation’s two largest debt buyers and collectors for using deceptive tactics to collect bad debts. The Bureau found that Encore Capital Group and Portfolio Recovery Associates (PRA) bought debts that were potentially inaccurate, lacking documentation, or unenforceable.
Djibouti-based East Africa Bank has unveiled its first co-branded MasterCard payment card in Djibouti, with the roll-out of 5,000 MasterCard debit cards.
A2P SMS services are used in several verticals such as entertainment, banking, financial services and insurance (BFSI), retail, tourism, marketing, media, and healthcare. The global A2P SMS market is the increasing number of mobile users opting for mobile payments, banking, and marketing activities.
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.
CardWeb.com’s CardData Reports today features the “Global Biometric Authentication & Identification Market: Focus On Modality, Motility & Application – Estimation & Forecast, 2015-2020” report from BIS Research.
CTIA-The Wireless Association announces finalists in its three awards programs”Hot for the Holidays, Emerging Technology (E-Tech) and The MobITs. CTIA will showcase entrants’ products and services and announce the winners Thursday, September 10 at CTIA Super Mobility 2015.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Pamela Patsley Executive Chairman & Chief Executive Officer of MoneyGram.
Arroweye Solutions, the only digital On-Demand payment technology firm, has been selected to provide EMV prepaid cards for The Card Collaborative International (TCCI). The flexibility of Arroweye’s Digital On-Demand model allows for better responsiveness to customer needs, and ensures that TCCI can better serve its clients, and slash lead times by putting cards in customers’ hands in days, not weeks.