PayPal acquires credit card scanning platform
PayPal as bought Card.io, a visual credit card scanning platform, adding the company’s technology to its portfolio.
Card.io allows credit cards to be visually scanned through the use of a smartphone camera, picking up numbers and expiry dates so that users don’t have to manually enter the information.
PayPal plans to incorporate the system into its digital wallet, making mobile payments more convenient and easy.
In a blog post, PayPal VP of global product, Hill Ferguson wrote that, “The employees at card.io will be joining the PayPal global product team in San Jose to help us create new experiences to make it even easier for consumers and merchants to use the PayPal digital wallet. The current card.io technology will remain available to developers for use in their own”.
Source: PayPal blog
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