David Marcus, the head of eBay’s payment service PayPal is moving on to “friendlier” pastures as he becomes the head of Facebook’s messaging products. This move follows Facebook’s $19 billion acquisition of messaging service What’sApp earlier this year. “We wish David well and thank him...
Cloud specialist company Rackspace Hosting announced this week that it is working with mShopper, a mobile commerce organization, to create a smoother and more streamlined experience for customers. According to a Rackspace press release, it will give mShopper global load balancing, firewalls and security features,...
VeriFone Systems Inc.’s strategic efforts to improve its core foundation under new leadership paid off in the company’s fiscal second quarter with nearly a 10 percent boost in revenue and a halving of its net loss for the period year over year. “I’m very pleased...
With all of the market changes occurring today, acquirers and the independent sales agents working with them, have had to learn more sophisticated ways to manage their merchant relationships. Education has become a chief conversation-starter, driven by market moves to EMV, data encryption and other...
According to a Navistar Financial Corporation press release, the company has completed a $100 million trade receivables securitization program. Navistar explained in the statement that the liquidity is provided by one of its “relationship banks” and the program will provide it with cash proceeds of...
Vantiv's recently announced plans to acquire Mercury Payment Systems rounds out its strategic roadmap with an integrated business solutions platform serving small and midsize businesses. As CEOs Charles Drucker (Vantiv) and Matt Taylor (Mercury) told Market Platform Dynamics CEO Karen Webster in a recent podcast...
Square talked about the value of a receipt in January at the NRF. Today, oodles of merchants and ATM deployers are convinced that receipts are the new “white space” to communicate with and up sell their customers. But which serves the purpose better - paper...
NoWait – a mobile wait listing service that allows app users to view list of nearby restaurants, check wait times and distances and allows them to join wait lists from a mobile phone – has raised $10 million in Series B funding. The round was...
Israel-based supplier of ruggedized mobile data terminals Micronet has completed an agreement to acquire the mobile resource management/fleet management division of Beijer Electronics. Micronet will buy all related intellectual property, product rights, customer base, sales and marketing network, and technical support, as well as production facilities. With...
