The UK will be the world’s third biggest market for eCommerce in 2021, growing by an average of almost 10 per cent over the next five years according to new data from Worldpay.
Featurespace, the leading machine learning company for fraud prevention, has raised £16.5 million ($21.6 million) from a funding round led by Highland Europe, the venture capital firm that invests in growth businesses.
Worldpay is developing an open source software development kit to bring payments to connected devices in the Internet of Things.
Nearly two thirds of Brits want to be able to use a biometric scan to authorise payments in-store, according to a WorldPay survey.
Nets, the largest payments processor in Scandinavia, is rumoured to be close to a private equity buy-out that would value the company at more than $5bn, according to a report from the Financial Times.
Mobile tap-and-pay spending is accelerating on the high street, spurred by the growing popularity of contactless payments at the point-of-sale, according to new data from Worldpay.
The boards of directors of Vantiv and Worldpay are pleased to announce that they have reached agreement on the terms of a recommended merger of Worldpay with Vantiv and Vantiv UK Limited (a subsidiary of Vantiv) (“Bidco”) in the form of a recommended offer for the entire issued and to be issued ordinary share capital of Worldpay by Vantiv and Bidco (the “Merger”).
FINSYNC, a fully-integrated accounting and payroll platform, and Worldpay US, a global leader in payments processing technology and solutions, are teaming up to speed up the approved cash flow of businesses.
Worldpay US is introducing today a suite of new features to its omni-channel platform, Worldpay Total. The new capabilities are designed to better support the needs of existing customers as well as access to additional markets, including card-not-present and Windows®-based merchants.
Xero has appointed fintech expert Damon Anderson to drive product strategy and direction as Xero cements its market leadership as the UK’s most popular accounting platform.
© Finextra Research 2017