ayPal has signed a deal with petrol station payment provider, Gilbarco Veeder-Root that will see its mobile payment service become an option across the US. Initially, PayPal will be integrated with Gilbarco’s point-of-sale (Pos) product before becoming a part of all of its media and merchandising solutions.
Gilbarco claims to have more than 30,000 PoS systems installed at petrol stations and shops across the US. The deal comes as part of PayPal’s efforts to become a leading payment provider outside of the internet. To date, the firm has agreements to provide mobile payment solutions to 23 retails, 12 of which are now live in 18,000 locations
Marca Wosoba, Head of International Development at World First, looks at the changes and disruptions in the financial sector, and identifies the importance of strategic partnerships.
Ford Motor Co and Amazon have announced a collaboration that will see Amazon’s Alexa integrated into Ford vehicles as a voice-activated digital assistant.
The government has confirmed that the £1 coin will be replaced for the first time in 30 years. The new coin is said to be the "most secure" coin due to a number of new features that will make it much more difficult to counterfeit.
Judges have picked Clever as the overall winner of the Money 20/20 Hackathon 2016 taking place in Las Vegas.