Using a credit card or cash to pay for goods and services is easy, but there are several companies in Silicon Valley that think the process can be made even easier.
Nobody knows more about how to disrupt the payments industry than billionaire Peter Thiel—co-founder of PayPal.
Thiel's Founders Fund is investing in Stripe, a San Francisco start-up that gives merchants a computer code they can upload to process credit card payments. The account can be set up in just five minutes. Investors have already committed $120 million to the company.