PayPal purchases Cardio to augment mobile commerce ventures

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…

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