San Francisco-based NerdWallet is hitting the big time with $64 million in Series A funding round led by Institutional Venture Partners (IVP) with participation from RRE Ventures, iGlobe Partners and additional angel investors.
San Jose-based Stratos unveiled the Stratos Digital Card Issuance Platform. The platform will allow card issuers to instantly fulfill digital cards, analyze real-time cardholder behavior and increase loyalty and engagement.
Revel Systems’ iPad Point of Sale (POS) platform is going gangbusters. The integrated solution enables restaurants to automatically sync sales, payments, inventory, CRM and payroll data to QuickBooks Online. No other POS solution has this level of integration with QuickBooks Payments and QuickBooks Online.
Apriva announced the release of a new software development kit (SDK) that enables Point of Sale (POS) developers to easily integrate payment acceptance capabilities into new and existing mobile applications.
Visa Europe’s owners, including 3,078 banks and payment providers from 37 European countries, are mulling a sale to Visa, Inc. The deal would be valued somewhere between $15 billion and $20 billion.
Capital One (COF), the nation’s fastest growing major credit card issuer, is also posting the highest yields, besting competitors by 200 basis points (bps) in the first quarter. However, COF has the highest delinquency and charge-offs, hallmarks of the sub-prime exposure, according to CardData.
Jakarta-based Bank Mandiri, one of the largest state banks in Indonesia, and JCB have inked a deal for the acceptance of JCB cards at Mandiri’s ATMs and EDC. A payment card issuing deal is also on the table between the two giants.
Spain’s largest bankcard transaction switching network ServiRed and its member Bankia have inked a deal with China’s UnionPay International to enable the acceptance of UnionPay cards by all the ATMs and merchants under Bankia.
Colombes-based Oberthur Technologies will unveil tomorrow in Dubai the SMART PREMIERE line, a unique range of luxury payment cards to target affluent customers.
Heartland Payment Systems is removing card data from the payment transaction, providing restaurateurs with protection against point-of-sale (POS) intrusions, insider misuse, and other common sources of data fraud by eliminating the opportunity for criminals to capture and monetize card data.
Wells Fargo Bank’s implementation of rigid sales quotas drove employees to open unauthorized accounts for customers, resulting in bogus fees and damage to their credit so says a major lawsuit.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Rick Wilson, President of Miva.