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Paydiant was acquired by PayPal in April 2015.

Headquartered in Wellesley, MA, Paydiant is an open, mobile/smartphone-based contactless payment and loyalty platform that helps banks protect and grow interchange and generate new sources of revenue, helps carriers create new sources of revenue and reduce churn, and which reduces payment processing costs and fraud risk for merchants while making the payment process safer, faster, and more convenient for consumers. Paydiant’s “open mobile payments platform” enables merchants, banks, and carriers to begin leveraging the benefits of mobile payments today, without dependencies on intermediaries and without the need for new hardware of equipment at retail/merchant sites.

General Catalyst Team