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No Swipe Needed: PayPal Here Is Powered By Mobile Payment Startup Card.io

PayPal today unveiled its new global payment platform for small and medium-sized businesses, PayPal Here. It brings the veteran payments solution into local stores with a new mobile app-card reader solution to rival Square. Rolling out to merchants today, it features a triangular card-reader, or dongle, that merchants can use to swipe cards of all varieties to start accepting mobile payments on-the-go — but all users need is their phones, via a startup named Card.io.

http://techcrunch.com/2012/03/15/card-io-powers-paypal-here/

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