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.