Fandango, is acquiring rival ticketing firm Quantum Loyalty Solutions for an undisclosed fee. Quantum specialises in selling coupons and offers that encourage cinemagoers to see the latest releases in exchange for a gift certificate.
Fandango, which is partnered with Yahoo! Movies, says it will wholly own Quantum’s service and the two combined firms will enhance its emphasis on mobile marketing. Fandango claims 44% of its summer cinema sales have come from mobile, while many of Quantum’s promotional coupons are carried out by text message.
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.