Google has announced that they have acquired a payment technology company named TxVia.
Financial details of this deal have not been revealed.
Google spoke about the acquisition:
Since 2008, TxVia has supported the management of more than 100 million accounts. They’ve partnered with the industry’s best known brands, and their leadership team has played an instrumental role in defining the fast-growing prepaid card segment of emerging payments. In this time, TxVia has also certified and directly connected to the major payment networks, which establishes a solid foundation for Google Wallet and our partners to drive innovation on a global scale and in a partner friendly way.
Success in payments requires not only innovative technology and operational excellence but also broad collaboration. As part of Google, we look forward to expanding our partnerships with both the payments industry and a wide variety of other organizations that are pioneering a new era of commerce.