23 July 2014

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A business incubation programme run by a consortium of UK universities has been pitching promising startup companies to Barclays Bank.

PayPal is bringing its working capital programme for small business customers to the UK, offering firms cash advances against future sales.

Fintech vendor Iress is promising to bring market data to the masses through a tool that allows people to request share process information through Twitter.

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Payments

Amazon sneaks out wallet app

22 July 2014  |  2

Amazon has taken another tentative step into the world of offline commerce through the launch of a mobile wallet app where customers can store loyalty and gift cards.

Interbank messaging network Swift has signed up another six major banks to its KYC Registry initiative as it gears up for a launch at the end of this year.

Former Google Wallet chief Osama Bedier has turned up as a director at PayRange, a startup that builds dongles that can be attached to vending machines to enable them to accept mobile payments.

 

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Westpac has become the first bank in New Zealand to trial a host card emulation-based mobile NFC payments service.

The British Bankers' Association (BBA) is investigating a merger with the Payments Council and the UK Card Association, according to Sky News.

A collection of 10 fintech startups from around the world have battled their way onto an accelerator programme run by Startupbootcamp.

ACI Worldwide is to acquire UK-based payment fraud prevention outfit Retail Decisions (ReD) for $205 million in cash.

 

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