The company’s platform consists of a merchant application that allows local businesses to upload information and images to the app as well as social media channels. The second part is a customer app, where users can follow retails and brands they like. The Chicago-based startup claims to have attracted 194 retailers and plans to add incentives for customers to come into shops in person.
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.