Payments processor Klarna to spend at least $100M on US push

The Swedish online payments processor Klarna is pushing into the U.S., and it said late Wednesday that it intends to spend at least $100 million doing so.

[company]Klarna[/company] Checkout is a competitor to the likes of [company]PayPal[/company] and [company]Stripe[/company], providing another way for online merchants to take payments. The service makes an algorithmic risk assessment of the customer, based on her behavior and credit scores – the less risky the customer, the less information they need to give to make the payment.

This low-friction approach to the buy-now-pay-later game is particularly handy in the mobile payments arena, where the less you neeed to type the better.

The Sequoia-backed firm, which is almost a decade old, is the largest payments processor in Europe, and it has been talking about its U.S. move for a couple of months. Now, it has said how much it’s willing to invest in this push — it was always going to have to be a hefty wad — and it’s also said where it’s going to set up its U.S. headquarters: Columbus, Ohio.

“We want to set a new standard for how people shop with their mobile devices. Columbus is at the heart of U.S. e-commerce activity and is the perfect launch pad for our expansion,” Klarna North America CEO Brian Billingsley said in a statement.

Stripe bolsters its mobile payments cred with $80M funding round

The payments startup has become a hot item since PayPal/eBay’s $800 million acquisition of competitor Braintree. As e-commerce increasingly shifts to mobile payments and collaborative consumption, Stripe’s developer-friendly payments platform holds a key advantage.

eBay says it is buying Braintree for $800 million

http://www.businesswire.com/news/home/20130926005611/en/eBay-Acquire-Global-Payments-Innovator-Braintree

eBay(s EBAY) is buying Braintree, a Chicago-based payment platform for approximately $800 million in cash, the company announced this morning. “Braintree is a perfect fit with PayPal,” said eBay CEO John Donahoe. Braintree, started in 2007 is used by companies such as Airbnb and Uber for accepting payments and is said to be processing a total of $12 billion in payments annually. Founded in 2007, it has raised $69 million in outside funding from Accel Partners, NEA, RRE Ventures and Greycroft Partners. Techcrunch had originally reported on the talks between Paypal and Braintree.

Report: PayPal looking to buy Braintree

PayPal is close to finalizing a deal to acquire e-commerce engine Braintree, according to the Wall Street Journal. Braintree occupies the increasingly lucrative middle ground between small business payments and large enterprise operations.