VENTURE BEAT: Square is making another bid for the restaurant and bar scene with its latest product. Today, the mobile register launched Open Tickets, which allows customers to keep an open tab. The product is said to be rolling out this week. (more…)
POS/mPOS and online acquiring
LifePay has launched 2 new products in its line: online acquiring and SME-lending for working capital (in a month they are launching POS-lending – when entrepreneurs sell their goods and services on credit – this model is used by FinanceIt) (more…)
TECHCRUNCH: Fundbox, a company that loans businesses money for outstanding invoice payments, has raised $40 million to grow its own business in the trillion-dollar alternative lending market. The Series B round was led by General Catalyst with participation from NyCa Investment Partners and help from existing backers Khosla Ventures, Shlomo Kramer and Blumberg Capital. (more…)
TECHCRUNCH: The Internet of Things promised us a deeper connection with our objects. We would be hugging our toasters, marrying our fridges, and sleeping with our bathroom scales. But nothing out there so far could talk back to us until the Woolet. The Woolet is a wallet that contains a small beacon that connects to your phone. When you leave (or lose) your wallet, the phone will buzz to let you know. More interestingly, the Woolet has a small buzzer built in that will notify you if you leave the house without your phone – a pretty useful feature if your Fitbit keeps making you leave the house. Finally Woolets can send out APB signals that ask other Woolet owners to report its location to you. For example, if you lose it in a crowded space other Woolet owners can pick up its signal and relay its location to you. (more…)
TECHCRUNCH: GSF India, the Bangalore-headquartered accelerator program and angel investment firm, is broadening its scope to cover young startups in India’s internet of things space. The organization has partnered global tech giant Cisco for batch four of its incubator program — and, importantly, extended the deadline for applications until March 17. (more…)
TECHCRUNCH: Amazon is taking another step into the Internet of Things. TechCrunch has learned, and confirmed, that the e-commerce and cloud services giant has acquired 2lemetry, a startup based out of Denver that has developed an enterprise-focused platform to track and manage IP-enabled machines and other connected devices. (more…)
TECHCRUNCH: Mobile payments and retail tech company Square has acquired Kili Technology, a Toronto-based startup specializing in silicon, electronic and software design for improvement payment processing. The newly-acquired company will remain in Toronto, which will now act as a second Canadian office for Square, which had previously opened its country HQ in Waterloo, home of one of the most-respected engineering schools in North America.
VENTUREBEAT: Today, Square announced a new program for merchants that protects them when customers dispute purchases. When buyers contest a charge on their credit or debit card, that money is immediately put on hold. That means the merchant loses the money generated from the sale as well as the product or service it sold. Starting today, Square is giving merchants in the U.S. and Canada access to charge-back protection, which will cover the money being held in instances of fraud. Meaning, sellers won’t lose out on sales that are being contested. Square will cover expenses related to sales disputes up to $250 per month.
WIRED: Perhaps you’re one of the many thousands of people who’ve automated some small part of their digital existence with IFTTT. Maybe you’ve instructed it to post your Instagram shots to Twitter, or to text message you whenever someone in your city puts an acoustic guitar for sale on Craigslist.
Until now, these “recipes” have been dependent on something else happening. If this, then that. But with its new trio of apps, IFTTT wants to let you start taking action yourself. (more…)