Google Buys TxVia, Banks On Better Payment Technology (And 100M Customers) For Google Wallet

Google has had a few teething problems with its ambitious mobile payments service Google Wallet, but it is also putting some money down to get it on the right track. Today the company announced that it would buy TxVia, a mobile payments technology company, for an undisclosed amount. Osama Bedier, VP of Wallet and Payments at Google, says in a blog post that the acquisition will be used to "complement" the work already done on Google Wallet, Google's service that enables payments, discounts and loyalty points -- and the ability to make those transactions mobile using selected NFC handsets. The news comes at the same time that Google Wallet is losing some of its key people, including Rob von Behren, one of the founding engineers, who has now joined mobile payments startup Square.

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