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Roughly a year ago we talked about eBay’s acquisition of mobile payment company Zong with the idea to integrate some of its capabilities into PayPal. A year later, we have PayPal announcing acquisition of card.io, the company that provides technology for developers to capture credit card information by using the camera on a smartphone. Instead of typing all those numbers, card.io-enabled apps allow users to take a photo of their credit card with card.io’s software doing all the work in the background, processing information from the image to make transactions happen.
In its blog post, PayPal wasn’t too specific how it plans to use card.io’s technology but we can easily envision a new feature in PayPal’s mobile apps that will make adding funds to one’s PayPal account super easy. Additionally, I’m sure some parts of card.io SDK will be included in PayPal’s SDK, providing an additional option for app developers and eventually making mobile payments that much better. We’ll see how that goes…
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
