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Tuesday, April 03, 2012
Google Acquires Payments Company TxVia

Google has acquired payments technology company TxVia to complement its payments capabilities of Google Wallet.

TxVia offers a fast, flexible and highly reliable payments platform, according to Google. Since 2008, TxVia has supported the management of more than 100 million accounts. TxVia has also certified and directly connected to the major payment networks, which establishes a solid foundation for Google Wallet expand on a global scale.

"Finding and purchasing products is a big part of day-to-day life," Osama Bedier, vice president of Wallet and Payments at Google said in a blog post. "At Google, we?re working to create new ways to improve the commerce experience. We've worked closely with TxVia over the last year, and they're a forward-thinking team that will help us take the next steps in realizing the future of commerce. We welcome the TxVia team to Google," he added.

The Google Wallet mobile app is currently available for payment in-store on mobile phones running on Sprint's network. Other carriers like AT&T Mobile, T-Mobile USA, and Verizon Wireless are currently focused on building the Isis mobile platform through a joint venture.

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