Six news stories.
• Should US Securities and Exchange Commission (SEC) be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should US Securities and Exchange Commission (SEC) be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
SEC charges fintech company founder with scheme to defraud investors and misappropriate funds — US Securities and Exchange Commission — “The Securities and Exchange Commission has charged Michael Liberty, the founder of the fintech startup now known as Mozido Inc, with a scheme to trick hundreds of investors into investing in his shell companies instead of Mozido. Liberty and his accomplices then allegedly stole most of the more than US$48m raised to fund a lavish lifestyle that included private jet flights, multi-million dollar residences, expensive cars, and movie production ventures.”
USA Technologies files for proposed public offering — PARTNER NEWS — “USA Technologies Inc (USAT), a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market, today filed a registration statement on Form S-1 with the US Securities and Exchange Commission for a proposed underwritten public offering of its common stock consisting of approximately $34.5 million of shares to be sold by USAT.”
Visa has revealed it has a 9.99% stake of Class A shares in mobile POS provider Square... More
eBay will be prevented from setting up its own payments company when it spins off PayPal to operate as a standalone business later this year, an SEC filing has revealed... More
Isis has struck a deal with vending machine technology provider USA Technologies (USAT) that will see the NFC venture paying USAT a subsidy for converting up to 7,500 vending machines to accept Isis payments in its Austin, Texas and Salt Lake City, Utah test markets... More
Examination of a proxy statement filed with the US Securities and Exchange Commission by Authentec, linked to Apple’s recent bid to acquire the firm for US$356m, has led to renewed speculation that the next iPhone will include an NFC-enabled version of the Apple Passbook mobile wallet app announced in June... More