Twitter purchases mobile payment infrastructure CardSpring

Micro-blogging site Twitter has purchased mobile payment system CardSpring to boost its mobile payment offering.

Micro-blogging site Twitter has purchased mobile payment system CardSpring to boost its mobile payment offering.

CardSpring, through its application programming interface (API), enables developers to develop applications that accept credit card payments and create card-linked promotions including digital coupons, virtual rewards, and loyalty programs.

“At Twitter, we will continue to grow the adoption of our platform and work with our publisher, financial, and retail partners to create new, innovative commerce experiences for consumers,” Twitter said in a blog post.

The company believes that adding a mobile-payment infrastructure will enable firm’s initial efforts to bring actual commerce to the messaging network.

Twitter said that with a system for credit card entry, its users will be able to tweet about all kinds of products to their friends and pay. maybe even straight cash.

In 2012 the company secured $10m in funding, from Accel Partners and Greylock Partners among others.

The latest acquisition follows takeover of TapCommerce in June this year in a transaction valued at nearly $100m.