PayPal shores up mobile payments with acquisition

04/29/2011 | Los Angeles Times (tiered subscription model) · GigaOm

PayPal is building beyond its core online pay business with the purchase of Fig Card, a startup whose service allows businesses to accept smartphone payments through a USB device affixed to a cash register. The move follows an earlier PayPal bid to acquire Square, whose payment service differs from Fig Card's in that it enables smartphones and tablets to accept credit card payments.

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Los Angeles Times (tiered subscription model) · GigaOm

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