NEW YORK — Whmics credit card payments gateway, a $60 million deal from Whmcks founders, may be the best way to keep your payments secure, say the Wall St. Journal and others.
Whmys system lets you pay for things with your credit cards, a feature that has been around for a while but has been missing for many customers.
“The thing is, if you pay with your debit card or your card, you can’t use the system to pay for anything else,” said Jason McQuillan, founder and chief executive officer of Whmams, which McQuills company acquired last year.
He said the company has been developing Whm’s technology since it launched last year and has already made inroads in the banking and payment services industry.
Whms is based in Austin, Texas, and offers a wide variety of payment options including cash, checks, wire transfers, money orders and mobile payments.
McQuilans company is also launching a new payment card processing service that will let people pay for purchases online with a phone.
“This is really about making it really easy for people to buy things with their credit card,” he said.
The startup, which had raised $10 million from a group of investors, has seen its valuation rise from $1.8 million in February to $9.2 million in October, according to Crunchbase.
Its stock was trading at $6.40 on Thursday, up by nearly 40% over the last three months.
The company also announced that it will be expanding its payment services, which will include new products and services like a smartphone app and a mobile payment platform.
“We’re making great progress with the platform, but we’re still working on making it better,” McQuillin said.
A number of payments companies have tried to enter the credit card and payment payment space, including Venmo and PayPal.
Both Venmo, the mobile payments platform, and PayPal have struggled in the past year, with some customers reporting delays in processing transactions.
Whimys payment gateway has its own advantages.
The payments system allows consumers to choose payment methods, including credit cards and debit cards.
Mc Quillans team has also worked closely with the banking industry to make sure that the platform is secure.
“Our biggest strength is that we have a proven track record,” Mc Quills said.
“If we make the right changes, we’ll see the biggest change in the industry come out of the industry.
We have a strong foundation, a lot of experience.”