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.
Unexpected high sales of entry-level Android tablet causes stock shortages
Sales of the Tesco Hudl entry-level Android tablet have been sufficient enough for the British supermarket chain to plan for a sequel. After selling more than 35,000 just days after launch, the retailer has revealed that it has managed to shift more than 300,000 units of the tablet from its shelves, far more than the company originally planned for the run-up to Christmas.
Android tablet from Tesco includes quick access to online services
British supermarket chain Tesco has launched a seven-inch tablet, confirming earlier rumors. The Hudl, a relatively-generic Android tablet, will be shipping with apps and links to all of Tesco's digital services pre-installed, allowing it to push streaming services BlinkBox and Clubcard TV to its customers in a similar manner to Amazon and its Kindle Fire tablet line.
Netflix coming to the UK, Ireland next year
Netflix has finally confirmed its rumored plans to offer its streaming video service in the UK and Ireland. It's due to arrive in both territories early in 2012 for a set monthly price, like it does in North America, though details weren't revealed. The company said it will release price info, content partners, and supported devices closer to the launch date.
Tesco buys 80 percent share in Blinkbox
UK-based grocery store chain Tesco has just bought a majority stake in movie streaming service Blinkbox. Tesco now owns 80 percent of the company, having purchased shares from Eden Ventures and Nordic Venture Partners for an undisclosed amount. The service will compete with Lovefilm, another streaming service, which also incidentally rents physical DVDs and Blu-rays in Tesco stores.