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It's currently uses Stripe to power payment processing, but is looking into adding other payment options as well.
The technology is there to power payment experiences that don't require entering a password or sharing credit card details.
Today, PlaySpan is announcing a fairly significant deal with Nickelodeon to power payment services for virtual goods and microtransactions for the Nickelodeon Kids and Family Virtual Worlds Group.
The Netherlands-based payments startup — which competes against the likes of PayPal and Stripe to power payment services both to online and physical retailers — said that it will be raising between €922 million and €947 million (approximately $1 billion and $1.1 billion) June 5-12, before it opens for trading on the Euronext Amsterdam on June 13 trading as "ADYEN".
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This isn't the first time rumors have surfaced that Amazon is looking to power payments: last year, Bloomberg reported Amazon was exploring a NFC-powered mobile payments service, but no such product has been released.
Something similar happened when companies harnessed blockchain technology to power payments in real-world currency.
PlaySpan's technology will help power payments for these goods.
As well as unlocking the device, the fingerprint scanner will be used to power payments.
A credit card processor and mobile payments device could power payments at these stores.
– Tipjoy opened up an API to power payments for social applications.
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CEO of Professional Science Editing for Scientists @ prosciediting.com