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Billpoint was founded in 1998 by Sang Young Lee, Hope Chen, Will Chen, Jason May, Ian Flint and Jay Shen, with headquarter in Redwood City, California.The company obtained venture funding from Sequoia Capital in February 1999, [2] and later that year was purchased by eBay; its website was taken offline while integration into eBay's auction service took place.
The company was acquired by eBay in 2011 [2] and disappeared in 2015. [3] Zong payments were only accepted by online games and social networks, and the service can be used to purchase virtual goods[[4]]. Zong was awarded the 2009 Frost & Sullivan Best Practices Award for New Product Innovation in the Mobile Payments category. [5]
Electronic billing or electronic bill payment and presentment, is when a seller such as company, organization, or group sends its bills or invoices over the internet, and customers pay the bills electronically. [1] This replaces the traditional method where invoices are sent in paper form and payments are done by manual means such as sending ...
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In that year, Bill Ready joined the company as CEO. [3] Johnson remained chairman. In 2012, Braintree acquired Venmo for $26.2 million. [4] A year later, PayPal, then part of eBay, acquired Braintree for $800 million. [5] In August 2015, PayPal acquired Chicago-based mobile commerce company Modest and rolled Modest's products into Braintree's ...
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