Google acquires TxVia to accelerate innovation of Google Wallet

George Costanza may have moved all-in to Google Wallet, but for many the service isn't quite ready yet. Google aims to change that, and today they announced that they've acquired TxVia, a global payments technology company. TxVia isn't likely a name you know, but chances are you've either seen or used their services. They support over 100 million accounts, and partner with many pre-paid card companies, rewards card vendors, and ATM network systems. The next time you see that big rack of various cards at the convenience store or grocery store, know that a good many of them use TxVia's PaaS (Platform as a Service) technology to process the funds on them.

This is a pretty big score for Google, and shows us that they are serious about progressing Google Wallet services. The possibilities are huge, and include the oft-wished for Google Play Store gift cards. Google or TxVia have announced no future plans as of yet, but we imagine they are coming. We'll be on the lookout for more news, and let you know first thing when it breaks.

Source: Google Commerce; TxVia