payments

London welcomes buskers to the digital revolution

Moving into the connected era has threatened the livelihoods of numerous individuals, but a new initiative from Busk In London and iZettle, backed by London Mayor Sadiq Khan plans to bring buskers into the digital economy.

37% of UK online sales now over mobile

While online retailers roll their Black Friday bargains over to Cyber Monday – and probably beyond – research shows that an increasing amount of online sales are being made via smartphones and tablets, and this trend is continuing – but this does not mean smaller crowds, as consumers are also switching to ‘click & collect’ services.

US mobile payment firm LoopPay wins Visa funding

Mobile payments provider LoopPay has secured funding from global payments firm Visa, the company has revealed, without saying how much is involved. The US company, which launched earlier this year, is pioneering a technology that capitalises on the installed based of magnetic stripe-reader point-of-sale systems rather than NFC, which is the current favourite in mobile payment circles.

Twitter builds commerce model with CardSpring buy

Social network Twitter has acquired payments infrastructure firm CardSpring for an undisclosed sum. The San Francisco-based startup develops a web service API that makes it easy for payment companies and point-of-sale vendors to work with developers to create card-linked services.

Orange launches contactless mobile wallet

The UK arm of France Telecom’s Orange has launched what it says is the first contactless mobile phone-based payment services, allowing customers to make purchases up to the value of £15. The service has been developed in conjunction with Barclaycard, and will use the credit card firm’s network of contactless readers, deployed in more than […]

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