SOURCE: Paydiant


August 27, 2014 08:00 ET

Paydiant Relocates and Expands to Meet Accelerated Growth

New Riverside Center Location Doubles Space; Aids Recruitment Efforts; Adds State-of-the-Art Consumer Experience Lab for Mobile Commerce

NEWTON, MA--(Marketwired - Aug 27, 2014) - Paydiant, provider of a white-label mobile wallet solution for many of the world's largest retailers and banks, has moved into new headquarters at Riverside Center, 275 Grove Street in Newton, MA. The new location doubles the company's office space and includes a state-of-the-art consumer experience lab for mobile commerce. The company expects the new location, situated right next door to the Riverside MBTA station and less than a mile from the commuter rail line, to help it meet its anticipated employee growth, with most of those additions expected to come in engineering, professional services and customer technical support.

Paydiant's patented, white-label, cloud-based platform enables retailers and banks to quickly integrate mobile payments, offers, loyalty, and ATM cash access into their own branded mobile apps. The offering has helped Paydiant establish a leadership position in the market and attracted a number of marquee customers including Subway, the world's largest retailer by number of locations; Capital One, one of the largest credit card issuers in the U.S.; FIS, the world's largest financial services technology provider; and MCX, a retailer consortium representing over 20% of U.S. retailer payment volume.

New Consumer Experience Lab

The centerpiece of the new location is Paydiant's state-of-the-art consumer experience lab, which demonstrates an interactive, day-in-the-life digital retail experience for the mobile consumer. The lab integrates point-of-sale and mobile technology to demonstrate the full gamut of mobile commerce interactions and use cases including Grocery/Pharmacy, Mass Merchant, Restaurant/Bar, QSR, Department Store, Gas Pump/Convenience Store, ATM Cash Access, Mobile Vending and a consumer's home. Paydiant will use the lab to demonstrate its mobile wallet technology to customers and conduct real-life functionality and usability testing with mobile consumers.

"We are looking to build our team with the best talent in the area as we reinvent the retail payment experience for both consumers and merchants," said Kevin Laracey, co-founder and CEO of Paydiant. "Our new Riverside Center headquarters provides an exciting and inspiring work environment and enables us to draw talent from downtown Boston all the way out to Route 495 and beyond. It is an ideal location for the next stage of our growth."

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About Paydiant
Paydiant is the provider of a cloud-based, white-label mobile payment, cardless ATM access, offer redemption and loyalty platform that enables merchants, banks, and payment processors to deploy and manage their own mobile payment and ATM access solutions under their own brand and on their own terms. Based on a patented, cloud-based transaction-processing platform, the Paydiant solution enables the key stakeholders in the payments value chain -- retailers, banks and payment processors -- to control the next generation of payment solutions.

Founded in 2010, Paydiant's investors include North Bridge Venture Partners, General Catalyst Partners and Stage 1 Ventures. Visit for more information about the Paydiant solution and follow us on Twitter @Paydiant.

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