PayPal co-founder Levchin launches e-commerce startup

PayPal co-founder Max Levchin is bringing its e-commerce business intelligence to a new mobile payment startup that is launching called Affirm, as AllThingsD.
What’s different from other companies affirm mobile payment as the Square and the line, is that your goal is to make payments to happen with as few clicks as possible – something like how to buy a desktop factory.
“We’re trying to get as close as possible to a single click, it’s always been the case in the desktop,” said Levchin AllThingsD. “In the mobile sector, it has become imperative to buy now or lose a customer quickly.”
Affirm uses Facebook authentication to verify the identity of buyers and is guaranteed payment for merchants, according AllThingsD. You could also check buyers using Zip Code income ranges and identifiers of those mobile devices. The couple at the launch of the launch of the beta is 1-800-Flowers.

“Essentially you are saving a purchase in a digital form, and we will make it work for us to see all the available data to determine if you are someone who is going to return the money,” said Levchin AllThingsD.
Levchin has had a great career in the world of technology. After co-founder of PayPal and its sale to eBay in 2002 for $ 1.5 billion, went to start the Slide social-media company, which was acquired by Google in 2010. He left Google in 2011. In December, Levchin was named to the board of Yahoo.
Affirm was funded in the “low” double digit millions Levchin and some of his friends, according to AllThingsD. Also Affirm Levchin also HVF, a company operating in large data space.

(credit CNET)


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