Integrated and secure enterprise payment acceptance solutions provider Paymetric has announced a year of record company growth for 2012. Paymetric’s Software as a Service (SaaS) subscription fee revenue grew by 66% year-over-year (2011-2012) and 2012 also marked another record year for sales growth.
Growth has been fueled by the increasing need among enterprise level merchants to manage the complexities around payments. “As businesses face the challenge of enabling new secure payment channels such as mobile and eCommerce, Paymetric offers secure payment management solutions that serve at the epicenter of it all,” said Asif Ramji, president and CEO, Paymetric.
In response to industry need, Paymetric plans to launch a suite of new products in 2013 to provide enhanced security solutions, payment optimization services and new payment processing opportunities.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.