Google acquires TxVia for help in the online payments department
Google today revealed that it purchased mobile payments company TxVia for an undisclosed sum of money.
we’ve acquired payments technology company TxVia to complement our payments capabilities and accelerate innovation towards our full Google Wallet vision. TxVia is a technology pioneer that offers a fast, flexible and highly reliable payments platform—which we believe is one of the best in the world.
Since 2008, TxVia has supported the management of more than 100 million accounts. They’ve partnered with the industry’s best known brands, and their leadership team has played an instrumental role in defining the fast-growing prepaid card segment of emerging payments. In this time, TxVia has also certified and directly connected to the major payment networks, which establishes a solid foundation for Google Wallet and our partners to drive innovation on a global scale and in a partner friendly way.
Google Wallet has been somewhat slow in adoption due in no small part to the competing Verizon-AT&T-T-Mobile ISIS consortium. Google’s Payments team has also undergone some strife…
