Ebay's PayPal division said on Tuesday it is acquiring StackMob, a company specializing in development tools for building mobile applications.
Terms of the deal were not announced. San Francisco-based StackMob, started in 2010, offers a custom API (application programming interface) that makes it easier for developers to connect mobile applications to backend platforms such as Salesforce and SAP.
StackMob offers a free basic service and more advanced subscription packages with service-level agreements, dedicated databases, API servers and support. The company's customers include Red Hat, Adobe Systems, Verizon and Urban Outfitters.
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PayPal said StackMob will contribute to its development of new payment products as it seeks to diversify its payment processing by getting into retail stores.
Its "Beacon" technology uses a Bluetooth connection to let customers pay for goods without even opening the mobile application once customers have "checked in" to a store. In August, PayPal announced a chip and pin reader, which allows small businesses to securely accept credit and debit card payments.
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