First Performance Global, a US-based provider of payment card management technology, completed a $17.5m round led by payment services firm Mastercard yesterday.
Financial services providers Regions Financial and Synchrony Financial also participated in the round, along with venture capital firm RRE Ventures.
First Performance has developed a software platform that enables card issuers to enhance the services they offer to customers by adding features such as self-service, card management, loyalty and notification tools.
In addition to receiving funding from them, First Performance CEO A. Wayne Johnson said the company has also formed strategic partnership agreements with the round’s participants.
Carlos Menendez, Mastercard’s president of enterprise partnerships, added: “In this increasingly digital world, we are focused on enabling our issuers with solutions that deliver a balance of security and convenience for their customers.
“This continued collaboration with First Performance will help meet consumers’ increased needs everywhere and every way they shop and pay.”
– Image courtesy of First Performance Corporation