Braintree’s New Payments Layer Lets Users Sign Up For Apps Without Re-Entering Their Credit Card Data
Braintree, an Accel and NEA-backed payments company that’s now processing more than $6 billion a year, is launching a new payments layer that lets users sign-up to pay for goods and services without having to re-enter their credit card details. Say you use one app in Braintree’s network — like Airbnb. If you’re a new user to Uber, you won’t have to re-enter your credit card all over again because it may be stored in Braintree’s network. They’re calling it Venmo Touch, which keeps the brand of the startup Braintree bought in August for $26.2 million.
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