Page 19 - gs150801
P. 19
IndustryUpdate
merchants to ring up sales the same day. The sys-
tem also syncs with select Apple devices to process
mobile payments.
CoCard creates retail POS product
CoCard Marketing Group, a company organized,
owned and managed by ISOs, launched Revonu
POS. The company said the product is a complete
POS solution for business with cloud-based host-
ing, anywhere management and anytime reporting.
According to CoCard, Revonu POS helps the retail,
restaurant and salon owners spend more time on
business instead of managing POS activities.
First Data files proposed IPO paperwork
First Data Corp. filed a registration statement with
the U.S. Securities and Exchange Commission relat-
ing to the proposed initial public offering of its com-
mon stock. The number of shares to be offered, price
range and stock exchange listing for the offering
have not yet been determined. The company stated
it intends to use proceeds from the offering for the
repayment of certain debts.
Jack Henry dubbed leader in RDC market
Financial services company Jack Henry & Associates
Inc. was named by Celent LLC in State of Remote
Deposit Capture 2015: Mobile Is the New Scanner as the
market share leader in commercial desktop remote
deposit capture (RDC). The RDC solution is currently
installed at more than 1,000 financial institutions
and 200,000 businesses and is utilized by more than
500,000 end users, the report stated.
MCC, Bizfi provide businesses over $115 million
Merchant Cash and Capital LLC and its subsidiary
Bizfi originated more than $115 million in busi-
ness financing in the second quarter of 2015. The
number represents a 79 percent increase from the
second quarter of 2014, MCC noted. "Our ability to
provide more capital to business owners is a result
of improved technology, shortened approval process
and faster funding times," said Stephen Sheinbaum,
founder of MCC and Bizfi.
MPC applauds Dodd-Frank progress
The Merchants Payments Coalition claimed evi-
dence shows that five years after the Dodd-Frank
financial-reform law was passed, debit-card fees are
more competitive and fairer for small merchants and
consumers. "Debit reform brought some rationality
to a system that made card fees merchants' fastest-
growing expense," said Mallory Duncan, Chairman
of the coalition's member group and Senior Vice
President and General Counsel of the National Retail
Federation.
19
merchants to ring up sales the same day. The sys-
tem also syncs with select Apple devices to process
mobile payments.
CoCard creates retail POS product
CoCard Marketing Group, a company organized,
owned and managed by ISOs, launched Revonu
POS. The company said the product is a complete
POS solution for business with cloud-based host-
ing, anywhere management and anytime reporting.
According to CoCard, Revonu POS helps the retail,
restaurant and salon owners spend more time on
business instead of managing POS activities.
First Data files proposed IPO paperwork
First Data Corp. filed a registration statement with
the U.S. Securities and Exchange Commission relat-
ing to the proposed initial public offering of its com-
mon stock. The number of shares to be offered, price
range and stock exchange listing for the offering
have not yet been determined. The company stated
it intends to use proceeds from the offering for the
repayment of certain debts.
Jack Henry dubbed leader in RDC market
Financial services company Jack Henry & Associates
Inc. was named by Celent LLC in State of Remote
Deposit Capture 2015: Mobile Is the New Scanner as the
market share leader in commercial desktop remote
deposit capture (RDC). The RDC solution is currently
installed at more than 1,000 financial institutions
and 200,000 businesses and is utilized by more than
500,000 end users, the report stated.
MCC, Bizfi provide businesses over $115 million
Merchant Cash and Capital LLC and its subsidiary
Bizfi originated more than $115 million in busi-
ness financing in the second quarter of 2015. The
number represents a 79 percent increase from the
second quarter of 2014, MCC noted. "Our ability to
provide more capital to business owners is a result
of improved technology, shortened approval process
and faster funding times," said Stephen Sheinbaum,
founder of MCC and Bizfi.
MPC applauds Dodd-Frank progress
The Merchants Payments Coalition claimed evi-
dence shows that five years after the Dodd-Frank
financial-reform law was passed, debit-card fees are
more competitive and fairer for small merchants and
consumers. "Debit reform brought some rationality
to a system that made card fees merchants' fastest-
growing expense," said Mallory Duncan, Chairman
of the coalition's member group and Senior Vice
President and General Counsel of the National Retail
Federation.
19
