SumUp, a UK-based firm which offers small companies a platform to accept card transactions, has partnered up with Revel Systems, which provides iPad tills to businesses. As a result of the partnership, all of Revel System’s tills will now come equipped with the SumUp app already installed and users will also receive a SumUp card reader.
Lisa Falzone, CEO of Revel Systems, says this partnership will enable both firms to offer more flexibility to customers. He did not, however, say why SumUp appealed as a partner over other European m-payment startups.
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.