Payments News


TymeBank Boosts Business Banking

“Small business owners will benefit from access to turnover-based finance provided by SME funder Retail Capital, along with new offerings like a mobile POS app and a financial community platform, as TymeBank bolsters business banking offering…Business customers will have access to a new offering called TymePOS, a mobile point-of-sale app that turns an NFC-enabled cellphone into a tap-and-go payment device. As a softpos solution, says the bank, TymePOS offers the best pricing in the market for merchants of this size. It also has market-leading next-day settlements for merchants (the industry standard is seven days). The app is available for download on the Google Play Store, and it will take a TymeBank Business Banking customer two minutes for app onboarding. Customers will then receive a merchant ID to start processing card payments within 24 hours.”