Verifone & AITO Ink Payments Deal for Mexican Petroleum Retailers

Verifone and ATIO Group, a provider of retail fuel technology in Mexico and other Latin American markets, inked a deal to provide integrated payments technology to Mexico’s petroleum retailers. Mexico is the sixth largest consumer of motor gasoline and diesel with more than 11,000 filling stations across the country, and its energy market deregulation allows…

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Vantiv to Suck Up Moneris USA Solutions for US$425 Million

OH-based Vantiv has inked an agreement to acquire Moneris Solutions from Moneris Solutions Corporation (Moneris) for $425 million. Schaumburg, IL-based Moneris USA is the U.S. subsidiary of Moneris, which is a joint investment between BMO Financial Group and Royal Bank of Canada (RBC). Upon closing of the transaction, Vantiv will begin servicing Moneris USA’s merchants…

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NerdWallet Ankles a Big-Time Exec as First Chief Product Officer

NerdWallet has ankled Tapan Bhat, veteran technology leader and former Realtor.com Chief Product Officer (CPO), as its first CPO. NerdWallet provides free tools and clear, unbiased advice to help consumers choose the best credit cards, mortgages, banks, insurance and other financial options for their lives. Bhat will report directly to co-founder and CEO Tim Chen.…

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Chase Ink Biz Preferred Card Offers 80K Bonus Pts for $5K in 3 Mo

The new Chase Ink Business Preferred credit card rewards the spending of today’s businesses with three points per dollar on the first $150,000 spent each account anniversary year in combined purchases on travel, shipping purchases, advertising purchases with search engines and social media sites, and on internet, cable and phone services. New Chase Ink Business…

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LendingTree Acquires CompareCards

LendingTree has acquired Iron Horse Holdings, which does business under the name CompareCards. CompareCards is a leading online source for side-by-side credit card comparison, comprehensive credit education and credit health management. CompareCards provides consumers with one centralized location for pertinent credit card information needed to find the best card for their needs. “CompareCards has an…

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Struggling Verifone Migrates From Box Shipper to Services Provider

Struggling Verifone Migrates From Box Shipper to Services Provider

Citing several difficult market dynamics, including the slowdown in EMV for the third fiscal quarter, ended 7/31/16, (3Q/16) Verifone is reviewing underperforming businesses and a possible restructuring. The Company says it is relentlessly executing the long-term vision for Verifone to transform from a box shipper to a services provider. Verifone reported 3Q/16 gross revenue of…

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