eBay's PayPal acquires StackMob for mobile technology

PayPal said StackMob will help it develop new payment products
  • (IDG News Service)
  • 18 December, 2013 00:23

Ebay's PayPal division said on Tuesday it is acquiring StackMob, a company specializing in development tools for building mobile applications.

Terms of the deal were not announced. San Francisco-based StackMob, started in 2010, offers a custom API (application programming interface) that makes it easier for developers to connect mobile applications to backend platforms such as Salesforce and SAP.

StackMob offers a free basic service and more advanced subscription packages with service-level agreements, dedicated databases, API servers and support. The company's customers include Red Hat, Adobe Systems, Verizon and Urban Outfitters.

PayPal said StackMob will contribute to its development of new payment products as it seeks to diversify its payment processing by getting into retail stores.

Its "Beacon" technology uses a Bluetooth connection to let customers pay for goods without even opening the mobile application once customers have "checked in" to a store. In August, PayPal announced a chip and pin reader, which allows small businesses to securely accept credit and debit card payments.

Send news tips and comments to jeremy_kirk@idg.com. Follow me on Twitter: @jeremy_kirk

Join the Computerworld Australia group on Linkedin. The group is open to IT Directors, IT Managers, Infrastructure Managers, Network Managers, Security Managers, Communications Managers.

More about: Adobe, Adobe Systems, PayPal, Red Hat, SAP, Urban Outfitters, Verizon, Verizon
Comments are now closed.
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: business issues, ebay, StackMob, paypal, mobile, Mergers and acquisitions
Whitepapers
All whitepapers

NBN: Good-bye FTTP, we hardly knew ye

READ THIS ARTICLE
MORE IN Networking
DO NOT SHOW THIS BOX AGAIN [ x ]
Sign up now to get free exclusive access to reports, research and invitation only events.

Computerworld newsletter

Join the most dedicated community for IT managers, leaders and professionals in Australia