Other Breaking News
In today’s CardFlash News Que: AMERICAN EXPRESS (Sam’s Club); VISA CANADA (Foundation); SYNCHRONY (Graber); and EPC (Phoenix).
MBNA AmEx Card
MBNA is getting ready to kick butt with a new “comparison table-busting” credit card with a long-term low rate and no fees for using it in the UK or abroad. The MBNA Everyday Plus American Express Credit Card is here.
Other Breaking News
In today’s CardFlash News Que: PAI (award); STRAWHECKER (Terrapin); REGIONS (Android) and NCR (Ohio).
Parkmobile CEO
Parkmobile has ankled Jon Ziglar as Chief Executive Officer. Mr. Ziglar is replacing Cherie Fuzzell, who is leaving the company to pursue other opportunities.
eBay/PayPal Execs
eBay continues to rejigger the upstair suits as it prepares for the separation of eBay and PayPal into independent publicly traded companies in the second half of 2015.
Transactis EBPP
Standard Register inked a multi-million dollar agreement with Webster Bank. Under the agreement, Standard Register renewed its contract through 2018 to provide enterprise print management and promotional marketing programs and expanded the relationship to include electronic bill presentment and payment (EBPP) services.
Payoff Board
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.
Pivotal & Breeders
Montreal-based Pivotal Payments has inked a five-year agreement with Breeders’ Cup Limited, which administers the Breeders’ Cup World Championships, Thoroughbred racing’s premier international event.
hyperWALLET Announces Growth Equity Financing
hyperWALLET Systems cross-border corporate payment solutions completed a growth equity financing with Primus Capital. hyperWALLET technology platform and global financial network provides brand-enhancing B2C and P2P services for global corporations and financial institutions. Already the market leader for commission payment distribution, with customers including Forever Living, Scentsy and Monavie, the financing will immediately allow hyperWALLET to invest in expanded sales and marketing initiatives domestically and abroad, extend an industry-leading product set, address additional end markets, and build upon its existing infrastructure and licensure portfolio. hyperWALLET has opened an office in San Francisco to support the effort.
Prosper raises $70m in funding
Prosper peer-to-peer lending raised $70 million in additional funding to fuel the company’s growth and expansion. David Golob from Francisco Partners will join the Prosper Marketplace Board of Directors. The funding round also includes investments from Institutional Venture Partners (IVP), one of the premier later-stage venture capital and growth equity firms, as well as Phenomen Ventures.Over the past 15 months, Prosper has focused on improving its efficiencies and products through the use of cutting-edge technologies. This has helped to attract new borrowers and lenders at a rapid pace, with loan originations growing over 400% since last year and up 30% from last month. At the end of April, Prosper had 35% share of the online consumer peer-to-peer lending market place.
Accenture Introduces Accelerated R&D Services
Accenture launched its Accelerated R&D Services, a business service focused on delivering streamlined and integrated research and development (R&D) functions that will help pharmaceutical companies bring new medications to patients using a more collaborative and efficient approach. Accenture is investing more than $200 million to deliver this fully-integrated, technology-enabled global business service that will drive more efficient and effective development of pharmaceutical products for clients. Accelerated R&D Services will leverage capabilities of the cloud, mobility and analytics to deliver integrated functions across clinical development, regulatory submissions, pharmacovigilance and market launch predicated on delivering better patient outcomes. Accelerated R&D Services helps life sciences companies bring drugs to market faster, at less cost and with reduced execution risks using a pay-for-performance business model for business process outsourcing.
Better ATM Services to dispense Discover pre-paid gift cards
Better ATM has become the world’s first provider of the “myGIFT card” ATM-issued multibrand prepaid card, an ATM-dispensed myGIFT One Card Many Choices Discover Prepaid Card allows consumers to shop at premier, nationally recognized restaurant and retail stores including Macy’s, Lowe’s, Outback Steakhouse, and Bonefish Grill. Cards are redeemable to buy goods and services at specific merchants that accept Discover cards. Technology-enabled ATMs, supplied and run by Express Teller Services for Banner Federal Credit Union, will now include a menu screen option offering consumers the opportunity to purchase the myGIFT One Card Many Choices Discover Prepaid Card in addition to selecting cash and other banking service options.