Debit Rewards Company Fisoc Gets $5M Funding

What's Next In Payments®
3:18 PM EST 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.

Comments
Also by This Author
What's Hot
Alternative Financial Services
Silk Road Collaborator Sentenced To Two Years
Merchant Innovation
Rent-The-Runway Raises $60M, Eyes Real-World Commerce
Merchant Innovation
Target Restructures to Boost Business Intelligence
Europe
UK Payments Council: Let’s Add More Data To Electronic Payments
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Karen Webster
What Payments Will Look Like In 2015
Alternative Financial Services
Silk Road Collaborator Sentenced To Two Years
Merchant Innovation
Rent-The-Runway Raises $60M, Eyes Real-World Commerce
Financial Inclusion
Giving Goes Mobile
View All Articles ››