Yesterday, PayPal announced it acquired its partner,card.io, a startup that enables users to capture their credit card information by using a smartphone to snap a picture of their card.
While the eBay-owned company is already using card.io’s technology to power PayPal Here, as a part of the acquisition card.io employees will immediately begin working for PayPal.
Card.io powers Uber, LevelUp, TaskRabbit, and other applications, and the current card.io iOS and Android SDKs will remain available for developers to use in their own applications.
The financial details of the deal were not disclosed.
To learn more about PayPal, watch its FinovateEurope 2012 demo.