Software creator Privacy has launched its first payments product for keeping personal data secure, in conjunction with a £ 1 million funding round led by the venture capital firm Andreessen Horowitz. Designed to tackle credit card fraud, which is predicted to surpass $3tn by 2020, Privacy enables the creation of virtual “burner cards” with a simple click that end after one transaction, or can be used for multiple transactions with individual trusted merchants. “Consumers want to take back control of their online payments, and Privacy empowers them to do so with its fast and simple solution.” The software is free on Apple iOS and Google Chrome, and is available alongside Privacy Rewards, an offers programme that gives cash back and refer-a-friend rewards. The fundraising money will be used to develop further products and hire more engineers.
Software creator Privacy has launched its first payments product for keeping personal data secure, in conjunction with a £ 1 million funding round led by the venture capital firm Andreessen Horowitz. Designed to tackle credit card fraud, which is predicted to surpass $3tn by 2020, Privacy enables the creation of virtual “burner cards” with a simple click that end after one transaction, or can be used for multiple transactions with individual trusted merchants. The software is free on Apple iOS and Google Chrome, and is available alongside Privacy Rewards, an offers programme that gives cash back and refer-a-friend rewards. The fundraising money will be used to develop further products and hire more engineers.