LoopPay
Woburn
About LoopPay
LoopPay is a widely accepted mobile payment provider, empowering consumers to finally leave their physical wallets at home, today. LoopPay’s patented Magnetic Secure Transmission (MST) technology turns existing mag stripe readers into mobile contactless readers without any charge or cost to merchants or their payment processors, enabling secure mobile payments at more than 10 million locations in the U.S. Consumers can select from an array of devices that match their phones and fit their lifestyles, including the LoopPay Fob, ChargeCase, CardCase, and Card. In addition, all cards, including payment, gift, loyalty, reward and IDs, can be stored in one place via the LoopPay app, which offers utmost convenience and security, as all data is password and PIN-protected. LoopPay also encrypts and stores all card track data in secure memory within any device and is a Level One PCI Certified Payment Provider.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 51 – 100
- Estimated revenue: $10K – $50K
- Total funding: $13.0M
- Funding stage: M&A
- Last round: Series Unknown (Feb 2016)
- Website: looppay.com
- Phone: 617-279-0520
Industries & Categories
FinTech, Mobile Payments, Retail, Service Industry
Social Profiles
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