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Boston Globe: Paydiant relocates to larger space in Newton

Paydiant Inc., a firm that provides mobile payment services to such clients as Subway restaurants, Harris Teeter supermarkets, and the Capital One credit card company, said Wednesday that it has relocated its offices from Wellesley to Newton as it looks to add to its head count of 75 employees.

Paydiant’s new headquarters office at Riverside Center in Newton occupies 18,000 square feet of space. It previously occupied just under 9,000 square feet of space in Wellesley.

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Boston Business Journal: Mobile payments firm Paydiant opens new HQ in Newton

Paydiant, a mobile payments tech firm, has moved its approximately 75 employees into a new 18,000-square-foot headquarters at 275 Grove St. in Newton's Riverside Center, which is twice the size of its previous Wellesley location.

The company moved into its new space because it had outgrown its previous Wellesley location at 40 Walnut St. and wanted to support its current size and future growth, said a company spokeswoman.

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Beta Boston: Mobile payments tech firm Paydiant expands with new HQ in Newton

Paydiant, which provides technology for mobile payments at retailers including Subway, has moved its headquarters from Wellesley to a larger space in Newton to allow for more hiring and better demonstration of its technology.

The new headquarters will include a “consumer experience lab” that offers an interactive demonstration of its mobile wallet technology to retailers. The lab will also be used to conduct testing with consumers, the firm said.

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PRESS RELEASE - Paydiant Relocates and Expands to Meet Accelerated Growth

New Riverside Center location doubles space; aids recruitment efforts; adds state-of-the-art consumer experience lab for mobile commerce

Newton, MA – August 27, 2014 — Paydiant, provider of a white-label mobile wallet solution for many of the world’s largest retailers and banks, has moved into new headquarters at Riverside Center, 275 Grove Street in Newton, MA.  The new location doubles the company’s office space and includes a state-of-the-art consumer experience lab for mobile commerce.  The company expects the new location, situated right next door to the Riverside MBTA station and less than a mile from the commuter rail line, to help it meet its anticipated employee growth, with most of those additions expected to come in engineering, professional services and customer technical support.

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Payments Source: Banks Can Use Mobile to Regain the Payments Advantage

Between record low net interest margins on credit card portfolios, continued downward pressure on debit card interchange rates, industrial-grade fraudsters, and anemic consumer spending, the ability for banks to profit from their payments businesses has never been more challenging. 

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