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JP Morgan Chase Invests In GoPago

By TechTaffy Desk

[Techtaffy Newsdesk]

JPMorgan Chase  has invested in GoPago, a provider of emerging mobile payments technology. The investment, in the form of GoPago’s Series A preferred stock, will support the company’s expansion into mobile payment services.

Later in 2012, Chase’s customers will have the opportunity to create a free mobile storefront through GoPago,  and Chase cardholders that use GoPago will also be eleigible for exclusive offers and discounts from Chase merchants.

GoPago provides a cloud-based payment solution where all information is sent over a 256-bit Secure Socket Layer (SSL) connection and verified by VeriSign. Transactions are authenticated by a four-digit pin. The application is currently available for iPhone, Android  and BlackBerry , and is  coming to Windows Phone 7 as well.  It is live at over 50 merchants in Mountain View, CA, and the Hard Rock Hotel & Casino in Las Vegas.

The San Francisco based company was founded in 2009.

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