Braintree starts linking its Venmo wallet to mobile bank Simple

Ever since Braintree acquired mobile wallet company Venmo it’s been trying to make it more than a peer-to-peer payment application. Earlier this year, it launched Venmo Touch, creating a cross-app payments credential service that allows you to enter your credit card and identification details into Venmo once and use it to make one-touch payments across a variety of e-commerce services, from Hotel Tonight, TaskRabbit and Wrapp.

Now Braintree is trying to make the mobile checkout experience that much more seamless by eliminating the need to enter your payment credentials even once. It’s starting to work with banks and credit-card issuers to automatically integrate their services with Venmo Touch. Its first partner is mobile banking provider Simple.

Simple isn’t so much a bank as it as front-end financial services provider that outsources the actual account to BankCorp Bank. But for all practical purposes, Simple is the only bank its…