Debit Rewards Company Fisoc Gets $5M Funding

What's Next In Payments®
3:18 PM EDT December 30th, 2012

Fisoc, a provider of merchant-funded reward programs to financial institutions, has raised $5 million in fresh capital to help fund future growth, American Banker reported.

“These additional funds will enable us to service our rapidly growing customer base and execute and support contracts with financial institutions (FIs) ranging from the upper Midwest, Deep South and Northeast, in addition to our first markets in Texas and Arkansas,” Jay Valanju, chief executive of fisoc, said in a news release.

Read the full story here.

Also by This Author
What's Hot
Company Spotlight
MasterCard Forecasts Future of Biometric Payments
Shopper Gets 422 Million Amex Reward Points – But Why?
Amex Gets Booted Out Of Costco Canada
SEC Investigates Western Union Over Digital Revenue Projections
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Defining the Future of Payments Security
B2B Payments
Innovating ERP With Analytics
B2B Payments
HSBC: Significant Global Trade Growth Ahead
B2B Payments
B2B Marketplace Kinnek Secures $10M In Series A Funding
View All Articles ››