Tech content trusted by users in North America and around the world
7,091 Reviews & Articles | 50,902 News Posts

Verizon makes $400,000 investment in CardStar

Rewards card app another step into mobile commerce
| Mobile Devices News | Posted: Aug 21, 2010 3:38 am

Verizon's plans for mobile world domination took another step forward today as they invested $400,000 USD into CardStar, a Boston-based company that replaces "club" and "rewards" cards with a digital replica that is usable through an iPhone, Android, or BlackBerry app to keep you from having to dig through your wallet or purse to find that pesky card.

 

news/1/6/16510_001.jpg

 

With reportedly over 700,000 users and 1.4 million downloads, CardStar is another step for Verizon into the mobile commerce market. According to CardStar CEO Andy Miller, "The carriers have long been looking at the mobile wallet idea, especially mobile payments ...But mobile payment is not here yet. So, what else is in someone's wallet? A lot of different cards and the common thread is loyalty cards."

 

NEWS SOURCES:Mashable.com

Related Tags

Got an opinion on this news? Post a comment below!
Subscribe to our Newsletter

Latest News Posts

View More News Posts
View Our Latest Videos

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
loading