Patented mobile payment hardware combines with expanded network connectivity to offer acquirers turnkey solutions of greater quality, access and value.
Palo Alto, California, April 1, 2013 – AnywhereCommerce, a global payments technology provider, announced that it has entered into a joint venture agreement with Mobilepaid Ltd., to offer acquiring banks throughout the Far East and other markets an expanded portfolio of turnkey mobile payment solutions to better serve burgeoning mobile payment markets. As part of the agreement, AnywhereCommerce will provide its patented suite of secure mobile card-present payment accepting technologies, while Mobilepaid Ltd. will provide proprietary technology that transforms any smartphone or tablet into a highly secure mobile Point-of-Service (mPOS) device. This united offering enables acquirers to deliver a broad suite of full-service mobile payments solutions with unprecedented ease, speed-to-market and support.
”We are very pleased to enter into this agreement with Mobilepaid,” said Mitchell Cobrin, founder and chief executive officer for AnywhereCommerce. “Our suite of hardware, software, and gateway solutions is a perfect fit with the extended reach and access capabilities that Mobilepaid technologies make available. This combination creates a number of synergies that will enable our companies to rapidly tap into growing markets like Asia and other geographies.”
“The mobile market for payments is in full expansion,” added President of Mobilepaid Ltd., David Vacher. “This worldwide association between the two companies comes at a perfect time. Through this agreement, Mobilepaid will supply connectivity, downstream application terminal, fraud system detection, access to credit and debit payment networks, and routing capability with acquirers. We anticipate this partnership to create great value and deliver quality for everyone.”
AnywhereCommerce is a global payments technology engineering and solutions provider. The company offers a proprietary suite of hardware, software and gateway solutions for secure online and mobile card-present credit card, PIN debit, Chip and PIN- EMV and NFC transactions. Its universal platform supports iOS, Android, Blackberry and Windows Mobile devices. AnywhereCommerce provides white label and customized application services for retail line-busting as well as traditional field services. Its PCI- and EMV-approved devices and bank grade secure end–to-end ecosystem provides greater security, reliability, convenience and return on investment for consumers, merchants, networks, issuers and acquirers. In addition, AnywhereCommerce holds a number of patents, including one for the de facto audio-jack technology used in virtually all mobile payment transactions. To learn more about AnywhereCommerce solutions, please visit AnywhereCommerce
About MOBILEPAID LTD.
Mobilepaid Ltd. is a company headquartered in Singapore, specialized in secure mobile payment and mobile commerce solutions, having a proprietary EMV switch, offering attended and unattended POS applications, and operating worldwide. Its team of engineers and developers is uniquely positioned to assist with EMV migration, particularly in the unattended verticals where its Tokenization & Hashing proprietary solutions reduce the PCI scope. Its flagship solution “Ruby Mobile Wallet” is a white label platform that enables acquiring banks, mobile operators and large sales organizations to enter the mobile payment vertical. It transforms any smartphone or tablet into a highly secure mPOS device for the acceptance of debit/credit/prepaid scheme cards worldwide.
Mobilepaid looks at international opportunities and strategic alliances, competing on the basis of ideas rather than size. With offices in Singapore, Spain, Italy, UK, and Russia and business partners located in Sri Lanka, Thailand, Myanmar, Philippines, Vietnam, Indonesia, South Africa, Tunisia, Nigeria, Egypt, Turkey and Brazil, Mobilepaid can deploy its proprietary mobile payment solutions quickly in order to meet time and financial constraints.