First Data Corp. has agreed to buy Gyft Inc., which sells digital gift cards, in a move to advance the Atlanta-based processor's mobile payment offerings.

The companies were already working to integrate Gyft's technology with First Data's Clover Station, a tablet-based point-of-sale system. The companies did not disclose financial terms of the acquisition, which they expect to close next month. Gyft's digital gift cards, which cover 200 major retailers, are accessible through a mobile wallet application on iOS and Android devices.

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