Tempo Payments Obtains $2,700,000 New Funding

  • Feed Type
  • Date
    8/10/2009
  • Company Name
    Tempo Payments
  • Mailing Address
    999 Baker Way San Mateo, CA 94404
  • Company Description
    Tempo provides retailers a low-cost alternative to Visa and MasterCard that delivers significant savings and revenue growth opportunities. The company operates a PIN-based payment network that uses retailer-issued and branded debit cards. Retailers issuing and accepting Tempo-enabled debit cards are charged dramatically lower interchange rates, reducing their payment processing costs. Participating retailers can pass on a portion of the savings to consumers in the form of incentives and discounts, which increases customer loyalty and drives more frequent and larger purchases.
  • Website
    http://www.tempopay.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $2,700,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Undisclosed

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