The payment and risk services provider will implement its extensive portfolio of solutions to enable Secret Escape to increase its number of accepted payment methods. This is in light of international expansion plans. Secret Escapes has amassed more than 2 million registered members and more than 1,000 hotels and suppliers since it launched in early 2011.
The agreement with WorldPay comes on the back of securing GBP8m of funding to bolster the company’s position in the UK market as well as expansion plans in the US and Europe.
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
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.