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April 29, 2011 04:20 am GMT
In its second acquisition in two weeks, eBay's PayPal unit has bought mobile payments startup FigCard. Terms of the acquisition, which was announced on the PayPal blog, were not disclosed. Boston-based Fig Card allows merchants to accept mobile payments in stores by using a simple USB device that plugs into the cash register or point-of-sale terminal. All the consumer needs is the Fig app on his or her smart phone. The connection with PayPal is that when consumers setup their payment information, they could add PayPal as a payments option. You can see the video below for a demo of Fig Card's technology
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/vGkaxEPoTI8/
eBay's PayPal Buys Mobile Payments Startup Fig Card
In its second acquisition in two weeks, eBay's PayPal unit has bought mobile payments startup FigCard. Terms of the acquisition, which was announced on the PayPal blog, were not disclosed. Boston-based Fig Card allows merchants to accept mobile payments in stores by using a simple USB device that plugs into the cash register or point-of-sale terminal. All the consumer needs is the Fig app on his or her smart phone. The connection with PayPal is that when consumers setup their payment information, they could add PayPal as a payments option. You can see the video below for a demo of Fig Card's technologyOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/vGkaxEPoTI8/
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