PayPal Acquires Mobile Payment Enabler “Fig Card”

PayPal has acquired Fig Card, which developed a low-cost USB device that plugs into the cash register or point-of-sale terminal and allows merchants to accept mobile payments using a smart phone app.

The solution requires no new hardware on the phones (iPhone, Android, many Blackberry models) and free hardware for the merchants.Welcome Max Metral and Hasty Granbery to PayPal

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