Mobile plug-in card reader service, SumUp, is bolstering its payment offerings by adding support for American Express cards. SumUp says that merchants in a number of European cities, including UK, Germany, Ireland, Austria, France, the Netherlands, Spain and Italy, will be able to accept Amex cards from Q2 this year.
The news comes a day after European rival, iZettle, added chip-and-pin capabilities to its plug-in reader, enabling it to accept all major cards, including Visa, providing a boost to its hopes of merchant adoption. The firm also linked up with Banco Santander to aid its expansion across Europe.
US player Square is also broadening its service, launching a new point-of-sale (POS) set for merchants, dubbed ‘business in a box’. The set includes a cash register, two mobile plug-in readers, an iPad stand and a receipt printer, as it continues its efforts to convince retailers to adopt its mobile-based payment service.
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.