Friday , August 17, 2018

YapStone Raises $71 Million and other Digital Transactions News briefs from 2/12/18

  • Card-data analytics company Cardlytics, which went public Friday, was trading at nearly $16 a share at mid-morning Monday, up 18% on the day to that point. The stock is up 30% since its debut.
  • YapStone, which processes payments for apartment and vacation rentals, announced the first closing in a Series C funding round. The first closing raised $71 million. Leading the round was Premji Invest, joined by Mastercard Inc. and other investors.
  • Worldpay Inc. said it has been selected for e-commerce payment processing by DJI, a drone manufacturer.
  • On Track Innovations Ltd., a vendor of payments products based on near-field communication, said it has extended an agreement with payment gateway Apriva to serve the market for unattended payment kiosks.
  • Consumer revolving credit grew at a seasonally adjusted annualized rate of 6% in December, well below November’s 13% increase, the Federal Reserve reported. The year ended with nearly $1.03 trillion in revolving credit outstandings, according to the Fed’s preliminary estimates, up 6% from $969.6 billion in December 2016.
  • China-based UnionPay International said 90 million of its cards are now issued outside of mainland China, with 20 million added to this total last year.

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