Braintree trying single sign-on approach to mobile payments with Venmo Touch

Summary:Braintree is aiming to simplify the mobile payments process for users with just one tap, which could mean more money for businesses.

Braintree's digital payments solutions are usually targeted toward simplifying e-commerce on the business end, but Venmo Touch is something that could make mobile payments a lot easier for consumers.

zdnet-braintree-Venmo-Touch-640x409
(Credit: Braintree)

The new service is touted as a single sign-on approach to mobile payments.

Once a user signs in and enters credit card and billing information, he or she will be able to check out from any site app on the Braintree network using just one tap.

It's a bit reminiscent of setting up Facebook and Twitter account information on iOS and Android for automatic log-in and use across a device, but it looks like Venmo Touch will only work for companies already partnered with Braintree.

Some of the businesses already using Braintree to power their backend payments infrastructures include Uber, HotelTonight, and Airbnb.

Braintree asserted that an SSO strategy has the potential to dramatically increase the amount of money spent on mobile commerce because it streamlines the checkout process for consumers.

To recall, Braintree bought mobile payments startup Venmo in August for $26.2 million . Similar to PayPal, Venmo produced an app that enabled people to send each other payments (from bank accounts, credit cards, etc) directly on the smartphone app without any other hardware required.

Braintree started putting its new resources to use soon after, starting with the debut of Braintree Instant , a payments aggregator service designed to eliminate the waiting period for a merchant account or underwriting approval.

Topics: E-Commerce, Apps, Bring Your Own Device, Consumerization, Mobility

About

Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet. She has previously worked for The Business Insider, FastCompany.com, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for MainStreet.com, Irish Americ... Full Bio

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.