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PayPal purchases Cardio to augment mobile commerce ventures

07/25/201207/24/2012 Jesse Collins

Paypal Mobile Payments wearable technology

Cardio credit card scanning service now a part of PayPal’s mobile commerce initiative Online payment processor PayPal has purchased the Cardio credit card scanning service. The Cardio service allows consumers to make payments using credit card information that has been scanned by a smart phone or mobile device’s camera. PayPal has been making use of the Cardio service for nearly a year, having paid fees to do some during that time. Now, PayPal hopes to integrate the system into its overarching payment processing scheme and utilize it as an alternative…

Card.io unveils new system for mobile payments

06/29/201107/07/2011 L. Green

A new American startup company called Card.io has introduced a mobile payment system that allows consumers to photograph their credit card using the camera feature of their cell phone, removing the need to manually type the card’s information into the phone’s mobile wallet using the keypad. Smartphone apps activate the camera device on the device when using the software from Card.io when the user is ready to pay for the purchase. The customer must then center the image of the credit card inside a green frame defined on the screen…