Enabling Technologies

Restaurant Recommendations App Ness acquired by OpenTable, Deal Valued at $17.3 Million

OpenTable provides a restaurant management system for restaurateurs called the Electronic Reservation Book (ERB). On 7th February 2014, OpenTable announced that it had acquired Ness – makers of the personalized restaurant recommendations app Ness. The deal is valued at $17.3 Million according to the company. Opentable has great ambitions in...

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BankTech

Mobile Only Banks, Mobile First Banking, et al!

In the last few years, a new genre of “virtual” banks has come up, that is primarily targeting the tech-savvy mobile users for selling banking and financial products. Whether such companies (Mobile-Only banking services) will have a telling impact on the payments industry in months to come, or not, but these Mobile...

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Payments

PayNearMe Lets you buy Products and Make Online Payments with Cash, Raised Another $20 Mn

According to Estimates from FDIC, 10 million American households don’t have bank accounts and 24 million are “underbanked,” representing 8.2 percent and 20.1 percent respectively. PayNearMe’s solution enables people to buy products and make payments online, using cash. On 6th February 2014, the company announced that it had raised another $20 Mn...

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