The new Proxima mobile technology accepts EBT, credit and debit cards, gift cards and cheques, and has the built-in ability to accept contactless credit cards, EMV Smart Cards and mobile wallets.
The terminal is able to function on either a dial-up or Ethernet connection back up and receipts are customizable. Allowing merchants to accept payments when no signal is available, the “Store and Forward” then processes payments once the terminal has returned to an area with signal or once it’s connected to the docking station.
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.