PayPal (EBAY) has acquired card.io, provider of technology that allows developers to scan...

|By:, SA News Editor

PayPal (EBAY) has acquired card.io, provider of technology that allows developers to scan credit-card info using a phone's camera. Card.io's solutions have gained a following due to their ease-of-use relative to manually inputting CC data on a phone - Google can vouch for consumer unease with the latter. PayPal, which recently launched a mobile card reader, handled nearly $4B worth of mobile payments last year, and is shooting for $8B this year.