Payment Platform OneTXT Raises $2 Million; Lucy Hood Joins Board

Social media payment platform oneTXT, which aims to offer social nets and other entertainment companies an alternative payments processing method to the likes of Paypal using their mobile phones, has raised $2 million in its first round of funding, the company announced today. The start-up said that it differed from other online payment methods by allowing companies to accept payments, create loyalty programs, and send marketing messages