April 20, 2011 09:00 ET
ProPay's Social M-Payment Application, Zumogo, Named a Finalist at the 2011 Stoel Rives Innovation Awards
LEHI, UT--(Marketwire - Apr 20, 2011) - ProPay (www.propay.com), an industry leader in Merchant Services, End-to-End Payment Security, credit card processing, and electronic payment services, is pleased to announce ProPay's Zumogo has been named a finalist at the Stoel Rives Utah Innovation Awards™. The annual Utah Innovation Awards are presented by Stoel Rives LLP and the Utah Technology Council. The program recognizes significant innovations and the Utah companies that created them. Winners of the Innovation Awards will be announced at a luncheon on May 3, 2011.
Zumogo (pronounced "Zoo-MOE-Go") is a social mobile payment platform that enables a new connection between merchants and consumers. Using bi-directional communication and geo-location, Zumogo enables commerce through social technology.
"Zumogo marries the best of secure mobile payment platforms and social media, enabling communication and payment between the consumer and the merchant," stated Chris Mark, Executive Vice President of Emerging Markets at ProPay. "The ability to communicate with a merchant before you are in the store is priceless. Zumogo allows this social functionality to occur and ProPay is excited to lead the market."
Zumogo is a new mobile payment technology allowing Smartphones to be used, not only as a payment device, but also as a social technology allowing merchants and consumers to communicate with each other in real-time. Additionally, the social m-payment platform allows the consumer to find merchants, contact them for information, and make payment all from the same device. Zumogo eliminates sensitive information from the transaction process, meaning no payment data is passed through the merchant's system or stored on the consumer's Smartphone.
"ProPay is proud to have been named a finalist in the Utah Innovation Awards," said Gary Goodrich, ProPay's Chief Executive Officer. "Our company takes pride in offering products and services that help companies keep pace with technological trends in the market place. Our selection as a finalist for the Awards is a valuable recognition of our efforts and we are excited to bring Zumogo to the market."
About ProPaySince 1997, ProPay (www.propay.com) has provided simple, secure, and affordable payment solutions for organizations ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises. ProPay is a leading provider of complete End-to-End Payment Security solutions that reduce, and may even eliminate, an organization's risk of having sensitive payment data compromised. ProPay is the recipient of the prestigious 2010 ETA ISO of the Year award. ProPay is a privately held company, headquartered in Lehi, Utah. For information, visit www.propay.com. For more information about Zumogo, please visit www.zumogo.com
