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Groupon says that it's worked with more than 1 million merchants to date, and in a bid to grow their business with them even more, today Groupon is announcing a revamped and expanded Merchant platform, including a new tablet app for businesses to build and manage daily deals.
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A spokeswoman for MasterCard declined to say what prevented her company from expanding merchant descriptors.
It isn't particularly surprising that Square is spending more dollars on marketing as it looks to expand merchant use.
At the 2010 World Cup tournament in South Africa, Visa will develop programs to continue expanding merchant acceptance, building member bank relationships, and growing tourism in that country, Visa said.
The new cash infusion will go to hiring as well as expanding merchant and network partnerships through the U.S. and Asia in retail, travel, gaming and digital goods.
"We believe that with their fresh perspective and vision for the company, the prospects for growth at LDH Energy are tremendous as it continues to expand its merchant footprint and grow its asset portfolio".
But Rosetta Jones, a spokeswoman for Visa, said: "If there is marketplace demand and our partners are interested in expanding the merchant descriptor, Visa has the capability to enhance what it provides financial institutions with expanded details and character length for use in cardholder statements".
Proceeds will go towards building out the team and product, and expanding the merchant base.
RewardLoop started commercial trials of the technology in August, and LaPorte says the funding will help it expand the merchant network more aggressively.
Venmo is capitalizing on their first-mover advantage in P2P payments to expand to merchant services, and Klarna is growing steadily through the promise of frictionless and smooth payments — both online and offline.
Such concerns were particularly relevant at a time when trade and finance were rapidly expanding, offering merchants the prospect of great personal wealth and a life of material luxury.
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