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.
Financials
| Date | Type | Amount | Investors | Valuation |
|---|---|---|---|---|
| 07/06/07 | Series C | 5M | Unknown |
People
Barry Beckman (VP Risk and Compliance)
Barry Boerstler (Board Member)
R. Hatfield (VP Business Development)
John Lannan (Board Member)
Anthony Ruebner (VP Sales & Relationship Management)
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