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Intuit Acquires Payvment's Team, Technology, and Patents

Intuit logo 140pxPayvement, a leading eCommerce enabler on Facebook, has announced that it is shutting down and transitioning it merchant based to Ecwid. But TechCrunch has the backstory:

Earlier today Facebook ecommerce platform Payvment announced it was shutting down and transitioning its 200,000 merchants to competitor Ecwid, but we’ve just discovered that’s because Intuit is acquiring Payvment’s team, technology, and patents.

Full TechCrunch story is here.

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