Using data aggregation and electronic payment technology, On Deck aims to simplify the borrowing process for small businesses by offering them a fast, online alternative to the traditional old bank loan.
Launched in 2006, On Deck uses a blend of data aggregation and electronic payment technology to bring an alternative form of evaluating the health of small businesses in an effort to efficiently bring capital to small and medium sized businesses.
In the United States, research suggests that the spread of electronic payment technologies is steadily reducing the share of payments made in cash.
The First Data payment services company and the iFormation Group, an investment and consulting firm, have started eOne Global, a company geared to improving existing electronic payment technologies that process financial transactions on the World Wide Web.
Leveraging data aggregation and electronic payment technologies, the startup gives banks an alternative method for evaluating the creditworthiness of local businesses (to avoid relying on personal credit scores), in turn making it easier for mom-and-pop shops to secure a loan.
As the National Chairman of Master Your Card: Oportunidad, a coalition dedicated to educating Latino communities about how to use electronic payment technologies to their advantage, my focus during this event will be increasing financial inclusion.
Total System Services is a Columbus, Ga.-based company that provides electronic payment processing technology and services to merchants, allowing customers to use credit, debit and other types of cards.
Late Wednesday, the online payment company had to delay its initial public offering after it became known that New York-based Certco is suing PayPal for patent infringement on its electronic transfer payment technology.
"I don't know many people who take the role casually," said Gus Blanchard, chairman and chief executive of the eFunds Corporation, a provider of electronic payment and risk management technology in Scottsdale, Ariz.
Though both companies and their customers were endangered by the data stolen in those breaches because of the outdated, sixties-era technology that underpins our electronic payment system, the purveyors of that technology -- the credit card companies and the issuing banks -- won't be answering any hard questions alongside Target and Neiman Marcus.
Electronic payments solutions company VeriFone Systems has just announced the acquisition of Hypercom, a company that sells secure electronic payment and digital transaction technologies.
