updated 02:59 am EDT, Thu May 29, 2014
Square offering alternative to traditional bank lending
Mobile card payment service, Square, has announced its expansion into alternative bank lending. The Square Capital program aims to give businesses that are using a Square platform to obtain a cash advance for growth purposes. Square offers this without requiring an application process, delay in turnaround or fees. To use it, Square customers sell a specific amount of their anticipated future card sales to Square, in return for a lump sum payment that the business can receive within one day. Businesses automatically pay Square based on daily card sales, and there is no set time frame for repayment.
UK-only TV and movie streaming service launches app for Xbox One console
Tesco's owned TV and movie streaming service, Blinkbox, has debuted a standalone app for the Xbox One games console. Blinkbox offers digital borrowing of TV and film material without the need for a subscription. Allowing users to access Blinkbox's content, the app also brings support to the current generation Microsoft console. A Chromecast-focused app is anticipated in the future.