Mercury Payment Systems, is collaborating with PayPal to enable Mercury’s network of point-of-sale software developers and value-added resellers, and growing base of 80,000 merchants to offer PayPal in-store. This agreement brings PayPal together with a leader in delivering integrated payments solutions to merchants across America.
Through this collaboration, Mercury’s network of more than 500 point-of-sale developers will be provided a toolkit to enhance their POS system to accept PayPal’s in-store payments. Resellers of those systems will also be trained and certified to bundle PayPal acceptance with other merchant services that they already offer. Merchants using PayPal-enhanced POS systems enable PayPal customers to pay with their desired funding source in their PayPal wallet using their PayPal payment card or their mobile phone via the PayPal app. A number of POS developers, resellers, and merchants are already participating in the program.
“There has never been a more exciting time in the payment technology space, and PayPal is at the forefront of the transformation to new and more powerful payment methods,” said Matt Taylor, CEO of Mercury. “At Mercury, we are committed to helping local merchants take advantage of the best technologies that enable them to compete and thrive. By adding PayPal to our payment processing systems, and empowering our developer and reseller partners to offer PayPal to their merchant bases, we believe we have reached a tipping point for mobile and digital wallet payments.”
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.