San Francisco-based Penny has launched the Penny Inc prepaid MasterCard card program virtually connected to a mobile app. Built on the open API payment innovation platform of Marqeta, Penny monitors and manages employee expenditures, significantly reducing the time spent on expense tracking and administration processes.
Atlanta-based small business loans purveyor Kabbage has teamed with MasterCard to offer businesses the ability to pay for items at the point of sale (POS) with a purchasing card. Kabbage offers up to $100,000 in funding for a 1% to 12% payback over the first two months, 1% thereafter.
Chicago-based Performics, a data-driven performance marketing services firm, has ankled Scott Shamberg as President of Performics U.S.
The Company says Scott takes the reins at Performics U.S. in the midst of a revolution in the consumer discovery and purchase process.