Category: payment

TrueLayer nabs $130M at a $1B+ valuation as open banking rises as a viable option to card networks

Open banking — a disruptive technology that seeks to bypass the dominance of card networks and other traditional financial rails by letting banks open their systems directly to developers (and new services) by way of APIs — continues to gain ground in the world of financial services. As a mark…

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Sunday raises $24 million seed round to build a fast restaurant checkout flow

Meet Sunday, a new startup that is going to attract some headlines as it has raised a $24 million seed round at a $140 million post-money valuation. That’s a lot of money for a company that started just a few months ago but that’s because Sunday wants to move quickly.…

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More Amazon Go stores are getting contactless One palm readers

Last September Amazon introduced a touchless payment system called One that literally reads your palm to authenticate purchases in Amazon’s retail stores. That’s apparently going so well that the company has decided to expand it, at least at its home… Source

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WooCommerce launches native WooCommerce Payments feature

WooCommerce, the e-commerce platform developed by Automattic, is improving the payment feature with a native solution called WooCommerce Payments. The payment feature is powered by Stripe. Compared to previous payment solutions on WooCommerce websites, it is fully integrated with the rest of the platform. In case you’re not familiar with…

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A Christian-friendly payments processor spilled 6 million transaction records online

A little-known payments processor, which bills itself as a Christian-friendly company that does “not process credit card transactions for morally objectionable businesses,” left a database containing years’ worth of customer payment transactions online. The database contained 6.7 million records since 2013, and was updating by the day. But the database…

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