Pavyment has announced it will be shutting down its Facebook commerce platform on March 1 2013. The social commerce platform allows businesses to create storefronts on Facebook pages with social media tools such as one-click ads.
As a result, customers will be directed by social commerce company Tbe towards Ecwid. Annual subscribers of Payvement’s service will be reimbursed, however the same cannot be said for monthly subscribers.
Although the company will allow editing of existing products on its platform until February 28th, it will suspend the ability to add new products, promotions, deals and Facebook ads.
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.