Alpha Payments Cloud, which launched in 2011 and has offices in New York and Dublin, connects banks, merchants and payment product providers to a cloud-based platform which, it claims, increases flexibility and productivity for users. The investment will be used to introduce new cloud payment products.
According to Oliver Rajic, GPC’s CEO: “The payments cloud introduces new flexibility, product depth, scalability and finally brings the software as a service concept to payments. Resistance will be there, as there always is with such a change, but ultimately it is futile because this is the future. The cloud also liberates us from the hardware restrictions, whereby only the supplier can make changes, but allows for input and changes from multiple sides, including the merchant.”
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.