NewsCred, the leading content marketing software announced $42 million in growth equity funding to aggressively scale its global operations as the company serves the incredible demand for content marketing from enterprise brands.
Avalara, Inc., a leading provider of cloud-based software delivering compliance solutions related to sales tax, VAT and other transactional taxes, today announced SuiteRetail Inc., a leading provider of Point-of-Sale solutions for retailers on NetSuite, has joined Avalara’s community of certified solution partners. Avalara’s solution partners are software publishers that integrate Avalara’s software as a service…
Visa and J.G. Wentworth Company will enter the prepaid card category and expand the Company’s product offerings to new and existing customers.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Glenn Schneider, Senior Vice President and Chief Information Officer for Discover Financial Services.
MasterCard Advisors appointed Pierre Burret as Head of Delivery, Quality & Resource Management for Europe, Asia Pacific, Middle East & Africa and Eric Schneider as Region Business Lead for Asia Pacific. Burret will lead delivery, quality and resource management across three key regions (Europe, Asia Pacific, Middle East & Africa). In his new role, Burret will lead and develop the MasterCard Advisors’ consulting team to deliver business intelligence and provide solutions to financial institutions, merchants, governments and other organizations. Meanwhile Eric Schneider will serve as Region Head, who has moved from the U.S. where he served as group head and member of the MasterCard Advisors management team for the U.S. market. Schneider will be based in Singapore, and will oversee MasterCard Advisors’ market operations in the Asia Pacific region.
Discover Financial Services is on InformationWeek Elite 100 — a list of the top business technology innovators in the U.S. Discover made the list by developing a new application that provides a fully comprehensive, customer-centric view and supplies account managers with better data and up-to-the-minute information, allowing them to provide superior customer service. Unique among corporate rankings, the InformationWeek Elite 100 spotlights the power of business technology innovation. The InformationWeek Elite 100 research tracks the technology-based investments, strategies, and results of some of the best-known organizations in the country.
LifeLock, Inc. announced the acquisition of mobile wallet innovator Lemon for approximately $42.6 million in cash. In addition, in connection with the transaction, LifeLock has agreed to issue equity customary for a transaction of this size that will vest over the next three years. In conjunction with the acquisition, LifeLock also launched a new app that utilizes Lemon technology to help consumers manage and protect their digital identity. This transaction marks the next step in LifeLock’s evolution by adding a comprehensive mobile platform to the company’s integrated identity protection services for consumers.
Discover has been recognized as one of the country’s top technology innovators by InformationWeek for delivering convenience and choice to customers through flexible options to redeem cash rewards while shopping online. Discover ranked 77 on the 2013 InformationWeek 500 list, which is presented annually and honors leading companies for using innovative technologies to transform how their organizations do business. Discover’s new platform enables Discover customers to simply use some, none, or all of their Discover Cashback Bonus or Miles Rewards to pay for their purchases online at select merchants’ websites.
Old Second National Bank has teamed with Discover to create the Old Second Debit Card powered by Discover® Debit. Old Second customers will receive the new card in 2014, following a pilot program with bank employees. Discover Debit is managed by PULSE, a leading debit/ATM network, and a subsidiary of Discover Financial Services. Old Second, a PULSE network participant for more than 10 years, has approximately 50,000 debit cardholders. The bank provides full-service banking from Chicago-area branches in Cook, Kane, Kendall, DeKalb, DuPage, LaSalle and Will counties in Illinois. By joining with Discover, Old Second will provide its customers with signature debit cards that provide convenient access to manage and spend their funds, along with security features that give them peace of mind.
The Center for Financial Services Innovation (CFSI) and Hudson Institute released the “Double Duty: Payments Cards as a Doorway to Greater Financial Health” report. Illustrating the potential e-payments to help government benefit recipients improve their financial health and capability through access to more information about their benefit payment, the report shows in January over 62 million consumers received Social Security or Supplemental Security Income benefits. Of this figure, 90.8% used direct deposit, 3.6 percent used the Direct Express prepaid card, and 5.6 percent received a check. Virtually all 22.3 million recipients of the Supplemental Nutrition Assistance Program (SNAP) receive their benefits via monthly loads to payment cards. About 8.2% of U.S. households (17 million adults) do not have a bank account. When recipients are required to receive their benefits electronically, those who cannot choose direct deposit receive the default choice instead”a prepaid debit card.
Discover partnered Cadence Bank to create the Cadence Bank Debit Card powered by Discover Debit. Cadence recently completed a comprehensive evaluation of its debit options in response to the changing financial services landscape and determined an affiliation with Discover made the most strategic sense. Discover Debit provides convenience and security, with broad national acceptance as well as leading fraud-prevention and data-security tools to help mitigate cardholders’ exposure to debit card fraud. Cadence also is participating in Buzz Points™ through PULSE Loyalty Edge, multi-faceted loyalty program incorporates merchant rewards and aims to drive spending to local merchants in the communities the bank serves.