Google is reportedly working with payment giants VISA, Mastercard and PayPal to cut funding for websites accused of profiting from pirated content (according to StrategyEye). Google has come under increasing pressure to alter the way it deals with sites breaking copyright laws and hopes that a deal to prevent online payments to such sites would eliminate the root cause of the problem.
An agreement with the payment firms could mean that Google will not have to change its search results in order to target sites that do not respond to legal challenges. While the music, film, book and TV industries are keen for Google to combat piracy, the search giant has expressed concern that websites will use the policy to damage competitors through false accusations
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.