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Digital and Online Payments
Venture Capital Funding
SumUp closes huge $20 million venture capital round
Financial Management
Cheques checking out?
Technology
Contactless mobile payments
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GoCardless has added to the $1.5 million (£976,400) it secured in February 2012 by netting a further $3.3 million through a deal with Accel Partners and Passion Capital.
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Technology merchant bank Restoration Partners has closed the first investment to be made through its Restoration Alpha Angels network.
Venture Capital Funding
Mobile payment business SumUp has closed its Series A funding round and secured an enormous US$20 million (£12.6 million) to coincide with the launch of its service.
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London-based online payment platform GoCardless has raised $1.5 million (£940,000) through a string of investors including Accel Partners, Passion Capital and YCombinator.
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Software business Sanderson has disposed of its electronic point of sale business through a deal with Torex Retail.
Financial Management
Many companies are trying to determine what future role traditional cheques will play in everyday business despite the saviour of the payment method.
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Jon Moulton's private equity firm Better Capital has acquired some of the assets held by global electronic point of sale hardware and software provider DigiPoS Store Solutions.
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Electronic payments business Point has made a British purchase with a deal for TS3 Services.
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Australian entrepreneur Phil McGriskin has agreed to sell internet payment business Envoy Services to private equity-backed global payments provider WorldPay in a multi-million pound deal.
Technology
At the Mobile World Congress in February, contactless technology was a hot topic. GB explores why plastic cards in your wallet may soon become obsolete.
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Cash and internet payment specialist PayPoint has agreed to acquire Verrus, a mobile phone services business, for up to £29 million.
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Payment processing business Nomad Payments, which specialises in the prepaid and debit card market, has been acquired by US banking technology provider Metavante Technologies for $58 million (£30 million).