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.
|07/06/07||Series C||5M||Cardinal Venture Capital, Integral Capital Partners, Selby Venture Partners, HSBC Retail Services||Unknown|