Braintree is now offering its Venmo Touch Mobile payments tool to banks. Digital banking platform Simple has been signed up as the first partner to integrate the technology into its app. It will offer customers the option to opt in to Venmo Touch, which will turn on one touch purchasing across its network of apps.
Chicago-based Braintree’s Venmo Touch stores users’ card details so that they can pay with a single click for in-app purchases at partner merchants, including Hotel Tonight, TaskRabbit and Wrapp.
The firm argues that integrating their technology into their own apps offers a route to the coveted ‘top of wallet’. It is now pitching the technology to card issuers and mobile banking providers.
Bill Ready, CEO, Braintree, says: “Simple is defining what the future of banking will be in a mobile world. With Venmo Touch, Simple is ensuring that their customers will have access to the absolute easiest way to pay on mobile devices.”
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.