The former head of Google Wallet and longtime PayPal exec, Osama Bedier, is this morning revealing his new company Poynt, a “future-proofed” payment terminal that combines an Android-based tablet with a hardware docking station, and includes support for all modern payment technologies, including traditional magstripe cards, EMV (chip and pin), NFC (Google Wallet and Apple Play), Bluetooth, QR codes, and beacon technology, in an all-in-one device sold at cost.
Payments startup Plastiq closed new $10 million round of funding today to enable people to pay with their credit cards anywhere.
The startup’s service essentially replaces things that require paper checks, wire transfers, money orders, or ACH (Automated Clearing House) payments with credit cards. For a small fee (between 1.89 percent and 2.89 percent of the transaction in Canada), people can use their card instead. Some banks, such as Bank of America, already offer services that mail paper checks to landlords and other merchants, but Plastiq is taking a more universal approach.
