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IndustryUpdate
NAB recognized as economic leader Payscape establishes
Cleveland footprint
Corp! magazine named North American Bancard one of Michigan's Economic
Bright Spots for 2015. The award is presented annually to standout Michigan- Payscape Advisors opened its new-
based companies that are able to thrive despite difficult economic circum- est office on the second floor of an
stances, as well as best exemplify the innovation and entrepreneurial spirit old brewery located in Cleveland,
that makes Michigan a great place for businesses. Ohio. The company stated the
new location allows Payscape to
N.Y., Chase reach settlement expand merchant services and bet-
Chase Bank USA N.A. and Chase Bankcard Services Inc. must reform cor- ter assist clients in the Ohio area,
porate credit card debt collection practices as a result of a $136 million joint as well as more effectively manage
state-federal settlement. The settlement is expected to net $5,950,000 in res- its growing portfolio and work-
titution to approximately 5,300 Chase customers in the state of New York. force. The new office will be head-
"There has to be one set of rules for everyone, no matter how rich or how ed by District Sales Manager Jerry
powerful, and that includes the biggest multinational financial institutions," Hammer, a Cleveland native and
said New York Attorney General Eric Schneiderman. five year Payscape veteran.
Paymetric expands Atlanta headquarters POS Portal launches leasing
program for SMBs
Paymetric Inc. relocated its Atlanta headquarters to a larger office located in
Roswell, Ga. The larger facility will accommodate Paymetric's rapid business POS Portal, a merchant services sales
growth and future expansion plans. "Our new facility will provide capacity portal and provider of POS equip-
for increased customer support, sales, operations and new leadership func- ment and merchant acquisition ser-
tions," said Asif Ramji, President and Chief Executive Officer of Paymetric. vices, launched Portal Advantage,
a lease program devised to make it
easy for merchants to get affordable
tablet POS hardware. "With Portal
Advantage, merchants simply pay
low monthly payments over a short,
24-month term," the company stat-
ed. "There are no upfront fees or
back-loaded penalties." The com-
pany noted that with the new pro-
gram merchants also receive "com-
plete hardware support, including
POS Portal’s SalesGuard Protection
Plan — if anything breaks, POS
Portal sends a free replacement the
next business day."
Signifyd closes $7 million
investment round
E-commerce fraud protection com-
pany Signifyd raised $7 million in
Series A financing led by Allegis
Capital with participation from
Resolute Ventures, IA Ventures,
QED Investors, Lucas Ventures,
and Tekton Ventures. The round
brings the company's total invest-
ment funding to $11.2 million since
its founding, and the new financing
will be used to accelerate growth
and expand engineering, sales and
marketing teams.
20
NAB recognized as economic leader Payscape establishes
Cleveland footprint
Corp! magazine named North American Bancard one of Michigan's Economic
Bright Spots for 2015. The award is presented annually to standout Michigan- Payscape Advisors opened its new-
based companies that are able to thrive despite difficult economic circum- est office on the second floor of an
stances, as well as best exemplify the innovation and entrepreneurial spirit old brewery located in Cleveland,
that makes Michigan a great place for businesses. Ohio. The company stated the
new location allows Payscape to
N.Y., Chase reach settlement expand merchant services and bet-
Chase Bank USA N.A. and Chase Bankcard Services Inc. must reform cor- ter assist clients in the Ohio area,
porate credit card debt collection practices as a result of a $136 million joint as well as more effectively manage
state-federal settlement. The settlement is expected to net $5,950,000 in res- its growing portfolio and work-
titution to approximately 5,300 Chase customers in the state of New York. force. The new office will be head-
"There has to be one set of rules for everyone, no matter how rich or how ed by District Sales Manager Jerry
powerful, and that includes the biggest multinational financial institutions," Hammer, a Cleveland native and
said New York Attorney General Eric Schneiderman. five year Payscape veteran.
Paymetric expands Atlanta headquarters POS Portal launches leasing
program for SMBs
Paymetric Inc. relocated its Atlanta headquarters to a larger office located in
Roswell, Ga. The larger facility will accommodate Paymetric's rapid business POS Portal, a merchant services sales
growth and future expansion plans. "Our new facility will provide capacity portal and provider of POS equip-
for increased customer support, sales, operations and new leadership func- ment and merchant acquisition ser-
tions," said Asif Ramji, President and Chief Executive Officer of Paymetric. vices, launched Portal Advantage,
a lease program devised to make it
easy for merchants to get affordable
tablet POS hardware. "With Portal
Advantage, merchants simply pay
low monthly payments over a short,
24-month term," the company stat-
ed. "There are no upfront fees or
back-loaded penalties." The com-
pany noted that with the new pro-
gram merchants also receive "com-
plete hardware support, including
POS Portal’s SalesGuard Protection
Plan — if anything breaks, POS
Portal sends a free replacement the
next business day."
Signifyd closes $7 million
investment round
E-commerce fraud protection com-
pany Signifyd raised $7 million in
Series A financing led by Allegis
Capital with participation from
Resolute Ventures, IA Ventures,
QED Investors, Lucas Ventures,
and Tekton Ventures. The round
brings the company's total invest-
ment funding to $11.2 million since
its founding, and the new financing
will be used to accelerate growth
and expand engineering, sales and
marketing teams.
20
