Equifax, Groupon, I2C, Innovate Finance and Transferwise in Payments this week
- Equifax has admitted that UK consumers were affected by the data breach that ran between mid-May and 29 July 2017. The company did not say how many were British consumers were impacted, but it is understood to hold the data of 44m Britons
- Groupon has launched Groupon+ in the US, a service allowing customers with eligible Mastercard or Visa credit or debit cards to access offers of up to 30% cash back from participating retailers
- i2c has introduced a frequent flyer program payment card, which it claims allows travellers to make payments, budget spending and earn loyalty points on one card
- Innovate Finance and EY survey of 245 UK fintech businesses found that half expect revenues to double over the next 12 months, while a third anticipate an IPO within five years
- Lloyds Cardnet and WoraPay have launched a service that allows customers to pre-order and pay for their food via a mobile app. Customers should be able to bypass queues, pick up their order and go
- TransferWise has been ranked as the fifth fastest-growing private tech firm in Britain in 2017, having seen growth of 226.9% in the last three years, in the Tech Track 100 league table
- Apple has filed a trademark registration with the European Intellectual Property Office which indicates that it plans to expand Apple Pay Cash into Europe, according to online reports. The filing suggests that consumers will need a photo ID to use Apple Pay Cash
- Square has opened a pop-up shop in Birmingham’s Great Western Arcade. It has also released a study showing that 63% of West Midlanders would be more likely to shop locally if they could pay by card
- Monito, an online money transfer comparison tool, has launched into the UK market. The company claims that that banks and other money transfer services are costing UK residents more than £600m each year in excessive international transfer fees, a significant portion of which are hidden
- Juniper Research has forecast that the value of cryptocurrency transactions will surpass $1tn in 2017, more than 15 times the level in 2016
- Visa has released its annual Digital Payments study, which shows that 66% of Britons have used contactless cards to make a payment since they were introduced in September 2007. Just over a quarter (26%) have used a mobile device to pay contactlessly in a shop, with this figure rising to 36% among contactless card users
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