According to Reuters, mPOS provider Sqaure has terminated its gift card service less than a year after its launch.
“Square gift cards were a fun way to send gifts from local businesses to anyone over the holiday season,” a Square spokesman said. “They are no longer available for purchase.”
Square launched the gift card service in December 2012. It enabled people to buy gift cards for friends or family at businesses that accepted the company’s Square Wallet mobile payment application.
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.