Stripe, a developer-friendly online payments system, recently launched jQuery.payment, a library of code information that would allow developers to establish better payment platforms without merchant accounts or bank relationships while still ensuring transaction security.
When purchasers input their credit card information into a payment form, the form will detect whether the card is a Visa, MasterCard or American Express card based on the card number. An underlying algorithm also helps to detect whether the card number was entered incorrectly.
Stripe, a payments startup that competes with PayPal and Braintree and is backed by PayPal co-founder Elon Musk, among others, allows developers to utilize the library’s tools even if they do not accept payments on the Stripe platform. The library, however, is designed to power Stripe’s Checkout features launched several weeks ago, according to TechCrunch.