Payments News

12/02/2013

I grew up on the Isle of Wight and it was a pleasant place to spend my childhood, unsullied by many of the advances happening on the “Main Land”. Countryside, summer holidays on the beach, horse riding, camping, compared to much of the UK living on the Island was like being in a time warp. [...]

12/02/2013

At the Finovate EU conference today Kabbage will announce their launch in the UK – their website came out of beta yesterday evening. Kabbage is a company which makes finance available to online retailers based on their eBay sales and PayPal receipts, as well as taking their social media profiles into account. Since their launch [...]

11/02/2013

PayPal are to get a new website, they revamped their home page back in October last year and have given a sneaky preview of what the new internal website pages will look like once they’re launched. They say that with the new website you’ll be able to “Take quick action on the things you do [...]

8/02/2013

Ahead of presenting at Finovate Europe, Ezbob have announced their intention to attack the US market later this year. Expected to launch a US operation in September this year, they said that the US represents the biggest e-commerce market but it was always their intention to attack the US. The US bank lending is from [...]

7/02/2013

Just a few weeks ago in January, EZBOB announced that they would make interest only loans available to online retailers. They also doubled available online funding to increase the maximum loan size to £40,000. EZBOB have now announced that due to the response they’re going to continues to offer interest only loans indefinitely. They say [...]

4/02/2013

F-Commerce was supposed to be the next big thing since selling on marketplaces of having a website. I’ve yet to see anyone selling much worth talking about on Facebook and that appears to be confirmed by the acquisition of Payvment by Intuit. Payvment was one of PayPal’s first X.Commerce applications to be announced back in [...]

25/01/2013

A Northamptonshire student who’s hacking activities reportedly cost PayPal £3.5 million was sentenced to eighteen months in prison for his part in the crime. He was also responsible for conspiring to attack the websites of Visa, MasterCard and others as well as PayPal. Following the attack over 100 PayPal employees were tasked to work on [...]

23/01/2013

Elon Musk, the multi-millionaire founder of PayPal has big plans: he wants to found a city on Mars. Musk shared his vision at a meeting of the Royal Aeronautical Society earlier in the month. He said he envisaged a settlement of 80k people and it would be a vegetarian society, dedicated to sustainable technology. He [...]

22/01/2013

Alternative lending to high street banks is fast becoming mainstream. We’ve just heard that iwoca have won another £2m investment from Beyond Digital, a Jersey investment company, who are advised by Talis Capital Limited. iwoca has already lent out in excess of £1m to their customers since their launch in March 2012. Online marketplaces, such [...]

22/01/2013

EZBOB now offers interest only small business loans EZBOB have announced the UK’s first interest only loans product on the market specifically designed for online merchants. At the same time they’ve doubled online funding to increase the maximum loan size to £40,000, recognising the need for funding for small businesses This announcement comes just a [...]