Taulia raised $27 million in Series D funding. The round was funded by current investors, including Matrix, Trinity, Lakestar, DAG, and led by QuestMark Partners. The funding comes as the San Francisco-based startup has seen more than a 300% increase in revenue during the first two quarters of 2014, compared to the same two quarters from 2013. Taulia attributes the unprecedented growth to doubling its number of customers in 2014, and maintaining its 100 percent customer retention and renewal rate. This includes a number of significant customer wins in EMEA following the opening of a London office on November 2013. San Francisco-based Taulia provides some of the world’s largest organisations with cloud-based invoice, payment and dynamic discounting solutions.
WorldPay’s end-to-end payment services integrated with Delego epayment processing platform, combining SAP enterprise systems with online payments. The Delego software securely captures electronic payment transaction data from customers and this information is routed to the WorldPay Gateway. WorldPay then manages the payment authorisation and settlement process. This allows merchants to implement WorldPay’s payment processing, alternative payment methods and risk management services through a single connection. The integration also increases security of payment information and reduces the scope of PCI DSS.
SureCloud added new features and functionality to its cloud-based GRC platform in readiness for the new PCI DSS 3.0 compliance standard. PCI DSS is the recognised compliance standard governing how credit card data is handled and version 3.0, published on 7 November, tightens up a number of areas that have been responsible for some merchants misinterpreting or potentially manipulating the standard’s real intention. To help merchants migrate easily from version 2.0 to version 3.0, the SureCloud platform has built-in assistance that automates the process in Asset inventory; 3rd party assurance; Penetration test management; and future-proofing for new versions of the PCI DSS.
Digital River expanded its Value Added Tax (VAT) management capabilities by partnering with Meridian Global Services. Digital River has long provided VAT calculation and collection capabilities as part of its global commerce solution. Working with Meridian, Digital River can extend its VAT advisory and remittance capabilities as a companion offering to its Digital River World Payments solution. The joint offering provides cross-border merchants access to both global online payments and VAT compliance solutions. The technology combination benefits merchants by breaking down barriers that prevent them from maximising their overseas selling opportunities. While the Digital River World Payments solution enables merchants to cater to local preferences with regionally preferred payment options and purchasing experiences, Meridian’s solution helps merchants manage the back-office operations of VAT compliance, which go hand-in-hand with global transactions. Through its global payment solution, Digital River offers online merchants more than 180 international and local payment options, and over 170 transaction and display currencies.
Retailers, restaurants, hotels and all manner of leisure outlets can get smarter about maximising return on their gift card and voucher schemes as card solutions provider Contis launches the UK’s most advanced smartphone gift card platform. The smartphone gift card programs operate on the Contis dynamic payment processing platform, each of which is designed to suit the individual requirements and goals of the client. The smartphone gift cards operate in the same way as a traditional gift or prepaid card scheme with the added advantages of being instant, more flexible, easier to administrate and extremely cost-effective. The smartphone gift cards can seamlessly integrate into a ‘traditional’ gift card program or operate as a stand-alone scheme. Gift cards can be bought and sent in seconds via a smartphone and redeemed in store or online and funds are secure even if a phone is lost or stolen.
GigaSpaces Technologies, a leading provider of a new generation of virtualised application platforms delivering end-to-end scalability, announces that Gresham Computing will be using GigaSpaces eXtreme Application Platform (XAP) as the infrastructure for its transaction and cash management solutions. GigaSpaces XAP is an end-to-end virtualised application platform that brings together an in-memory data grid, application processing and messaging services, providing extreme performance, dynamic linear scalability, and high availability. Gresham solutions reduce control failure risk and optimise business performance, providing certainty through greater transparency and reduced transaction risk in customers’ operations.
First Gulf Bank (FGB) announced 43 winners of its “Abu Dhabi Credit Card” draw. The fourth monthly draw was held on April 10, 2011 at FGB’s headquarters in Abu Dhabi and determined two contestants won AED 75,000 and AED 20,000 for their education or marriage funds. Three more customers won holiday packages collectively worth AED 50,000. The other 37 winners won helicopter tours, and limousine rides. First Gulf Bank in total has allocated AED 6 million in prizes for the “Abu Dhabi Credit Card” holder draw this year, where 43 FGB’ platinum and titanium cardholders are randomly selected exclusively to win these prizes every month.
Armenia-based VivaCell-MTS mobile operator has partnered with sicap to release its 3rd Generation Loyalty Platform. The Sicap “Loyalty Manager” constitutes a convergent platform for pre-paid and post-paid subscribers to offer bonus and points campaigns. The new tool features easy loyalty scheme design by marketing teams allowing VivaCell-MTS to adjust loyalty programs and introduce new ones within only a couple of days. The commitment to continuous implementation of world-class cutting-edge technologies is reinforcing the Company’s reputation as the number one operator in Armenia that delivers the best subscriber experience.
The Orange Cameroon mobile collect call service, “Sicap Pay4Me,” was awarded at the Annual Growth Product Sharing Summit. Features such as the White List option, enabling the recipient of the call to be directly connected without having to always accept the collect call, are considered as assets for they make the service easier to use and more efficient. Our collaboration with Sicap has enabled us to introduce a service which is a first in Cameroon and to be recognized by the Orange Group as pioneers. This allows a prepaid user without credit to make calls that the recipient will be paying for.
Sicap Mobile-Money ATM solutions, powered by Wincor Nixdorf, were highlighted by the US magazine Bank Technology News’ 9th annual edition of “The Innovators”. Chosen among fierce competition in the retail banking and financial services industry, Wincor Nixdorf, Sicap’s technology partner, won out thanks to its innovation linking cell phones and ATMs for global remittances. The Sicap Mobile-Money ATM solutions comprise of Cash Top-Up, Cash Remittance and Self-Service Kiosk –, which enable operators to offer their end users convenient, quick and flexible access to credit reloads, cash transfers and account enquiries, anytime, anywhere.
Sicap has introduced its cash-in, cash-out mobile money services on specially designed ATMs. The cash transactions are accounted for on the customer’s mobile account, so no bank account or card is required, while for operators Sicap solution constitutes a secure circuit for a variety of money transfer scenarios. The ATMs, can be deployed as a simple prepaid credit channel to the 95% of African mobile users who use prepaid subscriptions and top up on a daily basis. They can be deployed for money remittance services with cash withdrawals enabled, or connected to CRM platforms for automated customer care, or even set up as a means for the unbanked to settle their utility bills.
Oberthur and smart card provider Sicap have entered into an agreement to provide a joint Full Device Management platform.
The solution offers real time
configuration, updates and management of both devices and SIMs. This
solution provides a unique customer care interface and can be operated
as a single platform with common hardware, software, and administration
either in the mobile operator premises or in Oberthur Technologies or
SICAP certified datacenters. It also enhances the user experience by
aligning services to the capabilities of each specific handset and SIM. When deploying new services, mobile operators need to reach as many
subscribers as possible. With heterogeneous application components
sitting in both handsets and SIM cards in end-user environments, the
level of interdependency between devices and SIM cards has increased to
a point where their side-by-side management is no longer sufficient.