Paypal Acquires Card.io

Recently Paypal, the popular online payment service, acquired Card.io, mobile payments company. Card.io develops technology to capture credit card information using a smartphone camera. Paypal said they will be joining card.io employees with their global product team to work on developing new products. We will have to see what this will do for Paypal and their mobile services they provide now to smartphone users.

“We first met with the team at card.io when we were working on integrating their technology into the PayPal Here mobile app,” said Hill Ferguson, Vice President of Global Product at PayPal. “While working with them, we were simply blown away by the creativity and drive of their employees. They are a passionate and independent team that likes solving large, complex problems and we wanted them to join our team. Great people make great products and great products are what make companies great.”

Source: Ubergizmo

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