PayPal has acquired card.io, a San Francisco-based company that provides technology for developers to capture credit card information by using the camera on a smart phone.
Card.io’s client include Uber, LevelUp, TaskRabbit, Lemon and 1-800-Contacts. Developers pay $0.15 for every card they scan.
Using the camera is an easy way to free users from the need to type in strings of digits when they want to enter card information.
Tuesday, July 17, 2012
PayPal Acquires card.io
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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