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February 23, 2012 07:06 pm GMT

Mobile Payments Company GoPago Nabs Investment From JPMorgan Chase

gopagoIt's something of a universal truth: standing in line sucks. The folks at GoPago know it and apparently so do the people at JPMorgan Chase, because the financial firm has just pumped an undisclosed amount of money into the Mountain View company in exchange for some of GoPago's Series A Preferred Stock.I don't blame you if you haven't heard of GoPago (more on that later), but think of it as a purchasing accelerator. Rather than have to wait in line while some putz agonizes over the exact mustard-to-mayonnaise ratio on his sandwich, GoPago users can store their credit cards payment information in the GoPago smartphone app and place their orders remotely.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/TgD7wYX1xrA/

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