TechTaffy

tech:

taffy

Chase Launches Card Reader For Accepting Payments Using Smartphone

By TechTaffy Desk

chase_mobile_payments

Chase has launched a card reader for mobile devices, joining the ranks of Square, Intuit, VeriFone, and PayPal.

Chase Checkout solutions, launched by Chase Paymentech, the payment processing and merchant acquiring subsidiary of JPMorgan Chase, lets merchants accept payments on the go with their smartphones.

Chase Mobile Checkout uses a card reader device, which fits in the audio port of Apple and Android-enabled smartphones, and includes a rechargeable lithium ion battery. Hardware encryption is performed in the device.     

After merchants activate their account, Chase Paymentech ships the card reader along with instructions on getting started.

[Image courtesy: Chase]

Just in

Series E

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.
Series A

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.
Industry

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.
Around the web

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 
AI

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.