SumUp, the company that enables merchants to take debit and credit card payments with their smartphones, has signed a deal with American Express that will allow it to process American Express card payments in all major regions in which it operates.
The deal means that SumUp merchants will soon be able to take payments from American Express Card members.
In December 2012, SumUp extended its service to merchants giving it a presence in ten. SumUp's ability to process American Express payments means that it will accept more types of cards in more regions than any other mobile point-of-sale technology provider worldwide. Any small business using SumUp will soon be able to accept card payments from all the major card brands for an affordable and transparent fee and without any monthly costs.
Daniel Klein, CEO of SumUp, commented: "It's extremely frustrating for a merchant when they miss out on making a sale because they can't accept the type of card a customer wants to use. The only person it's more frustrating for is the customer who goes away empty-handed. That's why we're delighted that we will be able to process American Express card payments on behalf of our merchants and to the advantage of American Express' thriving and deeply loyal customer base."
© Finextra Research 2013