Earlier this week, Sunnyvale, California-based Cimbal
announced the launch of a private beta
for merchants and customers. According to the company, "Cimbal is an entirely software-based solution which does not require any additional hardware for consumers or merchants to process electronic payments. A smartphone with a camera for the consumer and a software update for the point-of-sale system at the store is all that's needed to pay with Cimbal."
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