Burbank, a Cardiff-based payments technology company, raised £5M in a seed round led by Mouro Capital to expand its innovative Card-Present over Internet (CPoI) solution. This new payment authentication method allows consumers to validate online transactions through a secure tap-and-PIN approach, significantly lowering fraud risk while ensuring higher processing accuracy. With this technology embedded in mobile applications, Burbank aims to offer a seamless experience comparable to in-store payments, positioning itself as a pioneer in the evolving landscape of digital transactions.
Burbank's innovative payments technology offers seamless integration for merchants, enabling secure online transactions classified as Card-Present, thus reducing fraud risks and processing costs.
The funding from Mouro Capital and others will help expand Burbank's unique Card-Present over Internet (CPoI) platform, revolutionizing transaction security for online payments.
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