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Thursday, 5 May 2011

A cost effective way for merchants to accept mobile payments

Boston-based Fig Card, which styles itself as “mobile payments for local merchants” has developed a way for merchants to accept mobile payments in stores by using a low cost USB device that plugs into the cash register or point-of-sale terminal.

To make payments, customers download an app to their iPhone, Android devices or BlackBerrys and set up a payment method.

PayPal has just acquired Fig Card for an undisclosed sum.