Intuit the mobile payments company, has luanched its new Intuit Pay chin and PIN mPayments platform in the UK.
The service enables merchants to accept Visa and MasterCard payments from iOS devices and charges 2.75% per transaction.
“Intuit Pay solves an important problem for the millions of small businesses and trades people in the UK who don’t currently accept card payments and so miss out on sales or prompt payment as a result,” said Terry Hicks, VP, products, global business division for Intuit.
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.