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Paydiant, a stage 1 ventures portfolio company, announced today hat it has been selected by the SUBWAY® restaurant chain, the world’s largest restaurant brand, to power a variety of mobile wallet capabilities, including mobile payment, in the upcoming release of the chain’s new mobile application. The solution will begin rolling out to stores later this year.

“Paydiant offers the mobile platform that makes the most sense for our franchisees and our customers,” said Carman Wenkoff, Chief Information Officer for the SUBWAY® restaurant chain. “Their mobile capabilities will be a key factor towards providing our customers with innovative services and an exceptional experience.”

Additional information can be found in this Paydiant press release.