JPMorgan invests in mobile payment technology company GoPago

By Telecom
Lead Team
: Research In Motion (RIM) announced that the new BlackBerry
PlayBook OS JPMorgan Chase & Co. announced it has invested in GoPago, a
provider of emerging mobile payments technology. The investment will support
the company’s expansion into mobile payment services by helping brick and
mortar businesses modernize to better compete with online businesses.


GoPago has developed a free smartphone application that
allows consumers to browse, order, and pay for local goods and services. GoPago solution ensures all information is sent over a 256-bit Secure Socket Layer
(SSL) connection and verified by VeriSign. All transactions are authenticated
by a four-digit pin.

GoPago mobile payment service gives users the convenience
of ordering and paying for items or services with their smartphones, which
accelerates service, provides exclusive deals, personalizes offers, and rewards
customers for their loyalty. Businesses benefit by being able to easily set up
mobile storefronts and the rich data and analytics GoPago provides helps them
better target special offers to drive sales.  

Chase is committed to giving consumers and businesses a
great shopping experience, leveraging the latest advances in mobile payment
technologies,” said Jack Stephenson, director of mobile, e-commerce and
payments at Chase. GoPago will allow us to create powerful new value
propositions for businesses and consumers,” Stephenson added.

Brick and mortar businesses will be able to provide a
more convenient way for their customers to shop, pay and receive targeted
offers on smartphones,” Stephenson added. In addition, our relationship with
GoPago will allow us to provide Chase customers exclusive rewards and offers by
leveraging our strong local merchant franchise and GoPago’s data and

Later in 2012, Chase’s customers will have the
opportunity to create a free mobile storefront through GoPago, extending their
reach to a broader audience and providing business tools once only afforded by
large companies. In addition to the standard benefits of GoPago, Chase
cardholders that use GoPago will receive exclusive offers and discounts from
Chase merchants.

We are here to help local businesses modernize
while maintaining their intimate customer experience,” said Leo Rocco, CEO and
founder, GoPago. It’s thrilling to be partnering with a financial institution
like Chase that is as equally invested in the interest of both merchants and
consumers as we are,” Rocco added.

GoPago application is currently available for iPhone,
Android and BlackBerry with immediate availability expected for
Windows Phone 7.

[email protected]



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