Which Popular Payment Startup Just Turned One?
Here are our top five tweets from the week that was. Keep tweeting, and we may feature you next Friday.
@MasterCardNews: You can’t deny the cool factor of #MobilePayments. This payment method gaining traction http://bit.ly/Ot08SX [Payments Perspectives Blog]
We’ve recently had a couple of experts come onto our platform to talk about how mobile payments need to be more than just “cool” for adoption to take off. But at the same time, it’s hard to dispute this tweet from the folks in Purchase, N.Y.: the fact that tapping a card or waving a phone is a fun way to pay certainly won’t hurt mobile payments in its attempt to gain traction with consumers and merchants.
@rob2775: Best card scheme settlement summary, #Merchant waiver means relief temporary, fees permanent “@pymnts: Who Really Won? http://ow.ly/cgsIO ”
We appreciate Rob noticing our summary of the huge news from last weekend, that the payment networks had settled with merchants over swipe fee litigation. And we also appreciate this tweeter’s succinct summary of the result: as he puts it, “relief temporary, fees permanent.”
@w_a_miller: I am a little surprised some of these are getting funded. RT @pymnts: #Startup Roundup: Who's Getting Funded? http://ow.ly/ciaUj
We keep waiting for a week when there aren’t five or six payments startups raising millions to build out new platforms in mobile, or loyalty, or e-commerce. But they just keep coming! Which of the companies that raised funds this week has the most compelling pitch? Maybe it’s The Currency Cloud, which received $3 million to build out a B2B international currency conversion and money transfer platform. Check the Startup Roundup every week to see all the companies in payments raising money!
@TheLevelUp: This Saturday @TheLevelUp turned 1! Happy Birthday from HQ to all our other cities :)
Speaking of startups, hard to think LevelUp has been around for just a year. It has a ways to grow if it’s going to stick around for long; according to its last official update the company is processing about $2 million in payments a month. But it doesn’t seem to be having trouble raising funding to back its development, including a $12 million round in early June.
@henkvd: Opvallende nieuwe dienstverlening MC RT @pymnts: Understanding .@MasterCard - New #SMB Service Network http://ow.ly/ckcUg
It’s the international version of Top Five Tweets! This comment comes from Henk van Dijkhuizen, a project manager at Robobank. Loosely translated, van Dijkhuizen says MasterCard’s new Business Network for SMBs is providing “striking new services” to smaller firms. Payments is truly an industry with global impact, so it’s cool to hear from folks all over in our Twitter feed.
There’s our top five for the week. Have a great weekend, everyone!
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