American Express recently cannonballed into the online payments field with its $300MM acquisition of Revolution Money, a person-to-person payments platform. Among other movants, SocialWise and OfferPal have teamed up to offer BillMyParents.com. No worries, though, at Nashville-based edo Interactive. edo CEO Ed Braswell (at left), responding to our query about the splash made by AmEx, told us a few days ago, "Revolution Money has not been a direct competitor to edo. I think the validation is that large payment companies are looking for innovation, they are not building internally due to budget cuts in R&D. I see the acquisition by Amex as positive for edo."
Showing posts with label American Express. Show all posts
Showing posts with label American Express. Show all posts
Wednesday, December 02, 2009
edo Interactive: No worries
American Express recently cannonballed into the online payments field with its $300MM acquisition of Revolution Money, a person-to-person payments platform. Among other movants, SocialWise and OfferPal have teamed up to offer BillMyParents.com. No worries, though, at Nashville-based edo Interactive. edo CEO Ed Braswell (at left), responding to our query about the splash made by AmEx, told us a few days ago, "Revolution Money has not been a direct competitor to edo. I think the validation is that large payment companies are looking for innovation, they are not building internally due to budget cuts in R&D. I see the acquisition by Amex as positive for edo."
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