News & Announcements

Portland’s CashStar raises $15 million in capital to fuel growth

08.5.2015 in #Press

The pioneer in the digital gift-card industry needs to hire up to 50 more people to handle new work and expand client services. August 5 BY WHIT RICHARDSON STAFF WRITER For CashStar, the Portland-based pioneer in the digital gift-card industry, has raised $15 million that will allow it to hire more people and continue to grow its business. The company, which moved into new larger offices on Pearl Street last year, provides digital gift cards and incentive programs to a wide array of high-profile national retail businesses, including Starbucks, Banana Republic and Williams-Sonoma. It currently employs roughly 125 people, the vast majority of whom are located in the company’s Portland headquarters, said Ben Kaplan, CashStar’s CEO. The fresh infusion of $15 million in venture capital, which brings the total raised to $50 million since its 2007 launch, will allow the company to invest in product development and client services, Kaplan said. When it ...

Prepaid Card Popularity Up Among The Unbanked

07.2.2015 in #News

Posted on July 2, 2015 By pymnts General purpose reloadable (GPR) cards are seeing increased use by consumers, especially among “unbanked” cardholders who tend to use those cards like checking accounts. That’s among the findings of the Pew Charitable Trusts, which released a report Tuesday (June 30) titled “Banking on Prepaid,” in which research showed that 23 million adults regularly use GPR prepaid cards nationwide. Those cards let holders load funds using either cash or direct deposit activity as their source. Then the cards can be used at ATMs or at retail locations to make direct purchases. Those surveyed by Pew totaled 587 respondents who use those cards at least once per month. The respondents were questioned late last year on various attitudes towards, and use of, the cards. Pew said its findings reflect an increased use of prepaid cards, with a 50 percent jump logged between 2012 and 2014. Key drivers came from a growing ...

Nonstop revolutionizes healthcare for the nonprofit sector

05.28.2015 in #Press

Innovative healthcare broker brings risk-free partially self-insured plans to the nonprofit sector May 28, 2015 SOURCE Nonstop SAN FRANCISCO, May 28, 2015 /PRNewswire/ -- Non-traditional healthcare broker Nonstop is providing an innovative approach to group health coverage for nonprofit clients - without the hefty price tags associated with traditional plans and brokers.  By underwriting the risk for partially self-insured plans, Nonstop offers a baseline savings of 12.5% for organizational healthcare costs.  For nonprofits especially, this reduction in overhead can be a game-changer for budgets and programming. In addition, employees' out-of-pocket costs are reduced with no copays or deductibles. This plan also offers rich benefits with the options to customize and add complementary and alternative treatments -- overall resulting in better health benefits packages to attract high-quality employees and save nonprofits money on a high-cost, high-value budget item. "Nonprofits are often overburdened with overhead costs, which impacts both their programming and their ability ...

4 Ways Stadium Hospitality Technology Is Defending The Live Event

05.4.2015 in #News

Posted Mar 4, 2015 by Bob Pascal Editor’s note: Bob Pascal oversees the global business development, marketing and communications functions for event hospitality company Centerplate. This year’s Super Bowl had 114.4 million viewers, making it the most-watched TV broadcast in history; television has clearly mastered the art of broadcasting sports games for the comfort of the living room. While the high TV ratings across all sports are great, team owners are increasingly adapting to, and investing heavily in, creating the best possible game-day environments, so their in-stadium product continues to be as good or better than what Samsung, Sharp and Vizio provide in the living room. This “golden age” of stadium hospitality has now brought us bigger flat screen jumbotrons, field level swimming pools, fantasy football lounges and enhanced Wi-Fi networks, with more and more innovation coming in 2015 and beyond. These changes are making sure that game day at the stadium carries entertainment value beyond the confines of the action on the field, adding a worthwhile ...

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