Tempo CEO Opens Up about Decision to Shut Down after Durbin

The decoupled debit space’s most visible player, Tempo Payments, is shutting down, and company CEO Mike Grossman says Durbin dealt the death blow. In this exclusive NEXTcast interview, he takes Market Platform Dynamics CEO Karen Webster inside the decision process that led to the move to shut down and shares the lessons learned for all in the payments industry to heed.    

   

Related: Industry Experts Dissect Fed’s Debit Proposal during PYMNTS.com Webinar


Bio: Mike Grossman has extensive experience as a software entrepreneur and CEO. Prior to Tempo, Mike was founder and CEO of LiveCapital, provider of the leading SaaS (software as service) platform for trade credit management. Under Mike’s leadership, the company successfully withstood the 2001-02 technology recession, raised more than $70 million, was awarded the Software & Information Association’s Codie Award for Best Financial Product, and was ultimately acquired by Dun & Bradstreet (DNB). (Read more)

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