What is "paydiant"

Paydiant is one of the leading provider of a cloud-based, white-label mobile wallet, cardless ATM access, offer redemption and loyalty platform for retailers, banks and payment processors. It provides solutions for merchants and banks, as well as for resellers and distributors, and point-of-sale and ATM providers. The company was incorporated in 2010 and is based in Auburndale, Massachusetts.

In 2011, Paydiant raised 7.6 Million Dollars funding from North Bridge Venture Partners and General Catalyst Partners. Paydiant received a funding of 12 Million Dollars and 15 Million Dollars in 2012 and 2013 respectively.

Paydiant has provided mobile wallet platform for MCX whose members include many of the world's largest retailers including Walmart, Target, Sears, Wendy's, Exxon, CVS and many others.

In 2015, PayPal acquired Paydiant with a $280 million deal.