BigCommerce has announced that is now offering its sellers access to PayPal Credit, PayPal Working Capital and PayPal Marketing Solutions
Glint has launched a debit card and app which allow consumers to make payments based upon funds in their accounts linked to gold held in an accredited bank vault in Switzerland. People will use their smartphones to monitor their gold balances, which will fluctuate with the price of gold. Glint is authorised by the FCA as a e-money institution
PayPal has announced that it is selling $6.8bn in receivables to Synchrony Financial. The two companies are also extending their existing co-branded consumer credit card agreement, and Synchrony Bank will also become the exclusive issuer of the PayPal Credit online consumer financing programme in the US for 10 years
Thomas Cook has partnered with Mastercard to launch a prepaid card for multiple currencies called Lyk. It has also launched pay-as-you-go travel insurance called Roam, which allows customers to activate holiday cover at short notice using a smartphone app. Both products will initially be offered online before being promoted in stores in the New Year
Transferwise has reported that its revenues more than doubled to £67m in the year to 31 March 2017 while its losses before tax decreased from £17.4m in 2016 to £338,
Microsoft has launched the Microsoft Pay app. Microsoft Pay appears to be a replacement for Microsoft Wallet and brings support for the Payment Request API to Edge
Microsoft has added an online payments functionality to Skype Professional Account, merging features from third-party online payment platforms and Outlook and allowing users to accept payments, take bookings and record notes within Skype. A free preview is currently available in the US only
American Express has partnered with Santander to provide real-time B2B payment processing via the Ripple network, connecting American Expresses customers in the US with Santander in the UK
London Block Exchange is launching a cryptocurrency exchange that comes with a debit card that allows users to spend their Bitcoin, Ethereum, Litecoin, Monero or Ripple anywhere in the UK that accepts Visa. LBX will let retail and institutional investors buy and sell cryptocurrencies through a dedicated app linked to a Visa ‘Dragoncard’. This will let users convert their cryptocurrency to sterling at the point of sale, with LBX taking 0.5%.
Square has confirmed it is trialling cryptocurrency support in its Cash app. The trial is available to a small number of users and enables users buy and sell Bitcoin directly in the app
