Mozido Links With Outsourcer

Dallas-based Mozido, the developer of mobile payment products which is backed by TomorrowVentures, the venture investment firm owned by Google Chairman Eric Schmidt, said today that it has linked with Tata Consultancy Services, the major business outsourcer. The two said they will integrate Mozido's mobile wallet platform with Tata's mobile point-of-sale systems and loyalty products. Financial details of the link were not disclosed. Mozido is developing a mobile payment system and mobile wallet product, which lets financial services provider provide white-labeled, cloud-based ability to transfer money, make payments and conduct financial transactions.