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Tempo Payments
Decoupled debit card payment network for retailers and card issuers
About Tempo Payments
Tempo Payments Inc, formerly Debitman Card Inc, was a San Mateo, California-based payments company that built a network for decoupled debit cards: MasterCard-branded debit cards that any organisation could issue and that linked to a consumer's existing bank account, rather than being tied to the bank that holds it.
Transactions were routed through the automated clearing house (ACH) network, which lowered processing costs for merchants and let partners such as retailers and affinity groups offer branded cards with higher rewards than traditional bank debit cards. HSBC built its OptiPay card on Tempo's network and invested $8.7 million in the company in 2006; other backers included Selby Venture Partners, Cardinal Venture Capital and Integral Capital Partners. Tempo presented its online decoupled debit product at FinovateSpring 2009.
Source: Dealroom company dataAt a glance
- Founded
- 2005
- Headquarters
- San Mateo, United States
- Sector
- Fintech
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A5 investors entered at this stage
Cardinal Venture Capital
Selby Venture Capital
Eniac Ventures
HSBC
Integral Capital Partners
Source: Dealroom Talent Intelligence.
Global footprint
team presence
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