PerkStreet Financial To Cease Operations

What's Next In Payments®
6:34 AM EST August 13th, 2013

Boston-based banking platform provider PerkStreet Financial has announced that it will close down next month due to a lack of funding, The New York Times reported on August 12.

The company discontinued its perks and cash-back rewards program, and cancelled all rewards balances effective Monday.

For analysis on the announcement and to hear feedback from users, read the full Times report here.

Topics:
Comments
Also by This Author
What's Hot
News
Wells Fargo, JPMorgan Chase Face Justice for Mortgage Kickbacks
Company Spotlight
MasterCard Removes Block On Cuba Transactions For U.S.-Issued Cards
Security & Risk
OTA: 90% of 2014 Data Breaches Preventable
Merchant Innovation
At Davos, Bitcoin Finding Its Place Among World’s Elite
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
Cool
A Half Billion New (And Mostly Mobile) Users – What’s Next For The Web
News
Capital One Reports $999 Million Q4 Income
News
Wells Fargo, JPMorgan Chase Face Justice for Mortgage Kickbacks
News
PCI Chief Calls 2015 ‘Defining Year for Data Security’
View All Articles ››