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Kash is a current member of Y Combinator. The company is aimed at cutting out credit card fees via their iOS and android app. Unlike the successful Starbucks app, which forces users to create an account and enter their credit card information for the first transaction, Kash’s app just shows a green debit card labeled “tap to pay,” and the first purchase is on them. It’s a smart way of jumping straight to the best part of the app experience,
Kash gets around credit cards entirely, letting users pay straight from their checking accounts by entering their online banking log-in info, as you would with an app like Mint. Some people might not be comfortable with that, but Kash promises that it fully covers any fraud that could result from using its app. Since payments are being handled directly, retailers get paid for their sales in a day instead of potentially waiting days or weeks for things to go through traditional processors.
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