Swipe, a New Zealand mobile payment system, is in financial uncertainty due to problem encountered by its parent company, Facebook. This has left hundreds of small companies out of pocket, and they are now seeking legal action against the company. Merchants paid upfront to buy a card-reading device but after recent network outages, many were left without electronic payment facilities for days at a time, losing sales and customers. The e-gateway and online services have reportedly been sold, but it is unclear to whom.
Swipe, a New Zealand mobile payment system, is in financial uncertainty due to problem encountered by its parent company, Optimiser HQ. This has left hundreds of small companies out of pocket, and they are now seeking legal action against the company. Merchants paid upfront to buy a card-reading device but after recent network outages, many were left without electronic payment facilities for days at a time, losing sales and customers. The e-gateway and online services have reportedly been sold, but it is unclear to whom.