Wednesday, May 11, 2011

Google-Backed Corduro Launches Mobile Payments Service

Google-backed mobile payments startup Corduro launches this week with a combined mobile wallet/payments processor for Android and the iPhone.

Like Square, Corduro is primarily a way for merchants to take payments on mobile devices. In some cases, not all, it can be up to 30 percent cheaper for merchants to process a transaction using Corduro or Square, compared to taking a credit card payment.

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