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Blackhawk Network Acquires CashStar for $175 million; Establishes a Leadership Position in First-Party Digital Gift Card Market; Transaction is Accretive to Adjusted EPS for 2018

08.30.2017 in #Press

August 30, 2017 | source: prnewswire.com PLEASANTON, Calif., Aug. 30, 2017 /PRNewswire/ -- Blackhawk Network, Inc., a global financial technology company ("Blackhawk"), announced today that it has acquired CashStar, Inc., a leading provider of gift card commerce solutions at the forefront of mobile payments and digital gifting innovation. The acquisition strengthens Blackhawk's position in the emerging digital gift card market and establishes Blackhawk as a leading provider in the fast growing first-party digital gift card market. The first-party gift card market transaction dollar volume is estimated in excess of $100 billion with digital being the fastest-growing segment of that market. CashStar's commerce platform enables retailers to market, sell and distribute digital and plastic gift cards in the first-party digital card business, which is directly to consumers and businesses across a wide range of channels. With CashStar's flexible platform, merchants can use digital and physical gift cards to engage consumers throughout the customer lifecycle, including marketing and promotions, sales and customer ...

Hopscotch Fan Engagement Apps To Launch In Time For College Football

08.10.2017 in #Press

Hopscotch, a mobile application platform developer, has announced its creation of fan engagement apps for dozens of collegiate programs, many of which will launch soon.

PointPredictive Closes Series A Funding to Fight Fraud with Machine Learning

07.5.2017 in #Press

PointPredictive, the fast-growing machine learning company that solves the billion-dollar problems of auto, mortgage and retail lending fraud, announced the successful closing of Series A funding earlier this month. Mosaik Partners, an expansion-stage venture capital fund, led the funding round as part of its initiative to invest in commerce-enabling technology companies.

Boost Payment Solutions Receives Funding from Mosaik Partners

06.13.2017 in #Press

Boost Payment Solutions, Inc., a New York-based FinTech serving the B2B payments arena, closed a round of funding from San Francisco-based Mosaik Partners. Widely known as the leader in the nascent B2B payments arena, Boost provides corporations, institutions and municipalities with technology-enabled solutions that optimize commercial card usage and acceptance, making the migration of paper checks to electronic payments quick, easy and profitable for all stakeholders.

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