Clip, empowering merchants to accept all payment methods in Mexico has snagged another US$8 million in funding.
Hong Kong-based ScramCard has snagged a seven-figure private investment from Stewart Milne CBE.
ScramCard users upload their credit and debit cards to a universal card with high security features.
London-based Masabi, a specialist in mobile ticketing and innovative fare collection for transportation, snagged a $12 million funding round.
Revel Systems, an iPad POS specialist, has snagged a big strategic partner deal with Cinnabon, a national bakery.
ShopKeep has snagged another $60 million in Series D funding, led by investor Activant Capital. The Company says it plans to use this injection of capital to aggressively grow its overall US customer base, strengthen industry partnerships, and launch international operations, starting with the UK this month.
Paris-based Ingenico has snagged a big fish in the Quick Service Restaurant (QSR) business. Long John Silver’s, the largest U.S. QSR seafood chain opted to upgrade its payments infrastructure to Ingenico Group’s EMV- and NFC-ready payment terminals to support its upcoming transition to the EMV payment standard in the U.S.
Linkable Networks has snagged $11.7 million in funding along with three key executive team hires. Since 2011 Linkable has been building a scalable platform that provides brands and retailers the ability to engage, reward and incent their consumers directly and across any channel – online, mobile and in-store.
Former Visa CEO Joe Saunders has joined the Board of CA-based Payoff, a technology-enabled, consumer-focused financial services company. Startup Payoff also snagged Arianna Huffington for its Board.
Culver City, CA-based Lootsie, a startup loyalty and rewards platform for mobile apps, has snagged $3.5 million in seed funding. Since launching in 2012, the company has partnered with major retailers, brands and developers including SOL REPUBLIC, Manduka, Sevenlogics and All Shook Apps.
London and Los Angeles-based inAuth snagged a new top executive from Monitise. Lisa Stanton, formerly the President of the Americas for Monitise, will now serve as InAuth CEO.
Sweden’s Seamless snagged a top First Data executive to manage its expansion into the USA. Seamless is the company behind the mobile payment solution SEQR.
A new survey has found that 3.6 million adults lost money in phishing attacks in the 12 months ending in August, as compared with the 2.3 million who did so in 2006. The research by Gartner determined that $3.2 billion was lost to these attacks. The average dollar loss per incident declined to $886 from $1,244 lost on average in 2006 (with a median loss of $200 in 2007). However, some 1.6 million adults recovered about 64% of their losses in 2007, up from the 54% that 1.5 million adults recovered in 2006. Gartner says that PayPal and eBay continue to be the most-spoofed brands. About 47% said a debit or check card had been the payment method used when they lost money or had unauthorized charges made on their accounts. This was followed by 32% of respondents who listed a credit card as the payment method, and 24% who listed a bank account as the method. Phishing and malware attacks will continue to increase through 2009 because it’s still a lucrative business for the perpetrators, and advertising networks will be used to deliver up to 30% of malware that lands on consumer desktops.