Thursday, April 1, 2010

C$ cMoney Ties With US Dataworks

Houston-based C$ cMOney, a firm developing mobile payment systems, and Sugar Land-based US Dataworks said today that the two are in a strategic alliance. According to the firms, they are in a shared technology and support agreement for C$ cMoney's upcoming product launch. Financial details of the deal were not disclosed. C$ cMoney is developing mobile payment services which allows consumers to use a cell phone or text messaging to send money and pay for goods and services; the firm recently announced a $15M funding round from Kodiak Capital.