PaymentOne Surpasses $5 Billion Milestone in Carrier Billed Micropayments

August 22, 2011 12:06 PM Eastern Daylight Time 

Unique combination of Mobile payments, fixed-line and broadband billing services propel expansion into global $250 Billion Mobile Payments Market

SAN JOSE, Calif.--(BUSINESS WIRE)--PaymentOne, the pioneer in frictionless payment and carrier billing solutions, today announced the company surpassed $5 billion in micro-payment transactions and incremental revenue generation for its digital clients. PaymentOne enables publishers, application developers and digital merchants such as AOL, Blizzard Entertainment and Gaia Online to sell more virtual goods, online and mobile services, and recurring digital subscriptions to consumers around the world. PaymentOne’s simple and secure “click and confirm” process places charges on the buyer’s existing mobile phone, fixed-line or broadband service bills without requiring any disclosure of credit card or sensitive financial information.

“Previously, merchants and publishers were not able to reach the many consumers that could not or would not transact with traditional credit cards online”

Silicon Valley based PaymentOne created this powerful frictionless payments category for internet based services more than 10 years ago, persistently demonstrating growth and innovation into mobile payments and digital commerce on virtually every connected device since. PaymentOne, as a profitable global company, stands tall in a market crowded with new startups with less stable financial situations, less breadth and unproven track records.

“Previously, merchants and publishers were not able to reach the many consumers that could not or would not transact with traditional credit cards online,” said Brad Singer, executive vice president of PaymentOne. “Our vision of enabling all consumers to participate in the digital economy still drives the company today. For the more than 5 billion global consumers with a mobile device, fixed-line or broadband connection, PaymentOne says ‘put your wallet away’ and use your phone number to pay.”

PaymentOne’s continuous innovation has led to a series of key patents for mobile payments, a simple user experience using a phone number as the basic key, and its secure “fraud-proof” payer authentication processes. The company’s groundbreaking AnyPhone™ solution is the industry’s first and only multi-mode carrier billing payments service, automatically detecting the best and least cost way to bill the consumer from virtually any connected device using mobile, fixed-line or broadband bills.

PaymentOne's simple frictionless payments process creates minimal disruption in the end-user's online activity, making it the ideal payments platform for multiplayer games, such as World of Warcraft, in-app payments, digital subscriptions and social network activities.

PaymentOne is equally focused on providing value to consumers, merchants, and operators. The company boasts the industry’s most secure and patent-protected transaction authentication system* to help protect consumers against fraud and scams. With its multi-mode payments options, PaymentOne increases conversion rates and improves merchant revenue -- a key reason the company’s customer retention rate is unmatched, with some companies working with PaymentOne longer than a decade.

According to a July 2011 Juniper Research report, remote mobile phone payments for digital goods alone will exceed $250 billion globally by 2015. To learn more about PaymentOne, visit www.PaymentOne.com or call 800-747-4028.

About PaymentOne

PaymentOne Corporation is the global leader in integrated operator billing, spanning mobile, fixed line and broadband payment services. More than 12 years ago PaymentOne invented the “no credit card required” operator billing model, allowing consumers to simply bill digital purchases on any connected device to their mobile, broadband or home phone bill. PaymentOne’s network of 1200 telecom operators in 70 countries reaches over 3.5 billion worldwide consumers, and has helped digital merchants, social media publishers and content providers generate more than $5 billion in incremental digital transactions. PaymentOne’s first rate customer service, robust patent portfolio covering fraud prevention, and proven ability to deliver new revenue has earned the company the lowest client churn rate in the business. Profitable and privately held, PaymentOne is headquartered in the Silicon Valley. To learn more visit www.PaymentOne.com.

Contacts

Mobility Public Relations
John Sidline, 503-946-3311
paymentone@mobilitypr.com
Press kit: http://paymentone.mobilitypr.com/
Twitter: http://twitter.com/paymentone

NCR to Acquire Radiant Systems

August 22, 2011 09:00 AM Eastern Daylight Time 

NCR Completes Tender Offer for Outstanding Shares of Radiant Systems

Acquisition expected to close Wednesday, August 24

DULUTH, Ga.--(BUSINESS WIRE)--NCR Corporation (NYSE: NCR) today announced the successful completion of the cash tender offer through its wholly owned subsidiary, Ranger Acquisition Corporation (“Purchaser”), for all of the outstanding shares of common stock of Radiant Systems, Inc. (NASDAQ: RADS) for $28.00 per share, net to the seller in cash, without interest and less applicable withholding taxes. The tender offer and withdrawal rights expired at midnight, New York City time, on August 19, 2011.

NCR has been advised by BNY Mellon Shareowner Services, the depositary for the tender offer, that a total of approximately 35,859,237 shares of Radiant common stock (including approximately 2,115,733 shares subject to guarantees of delivery) were validly tendered and not validly withdrawn as of the expiration time, representing approximately 87 percent of all outstanding shares of common stock of Radiant. All shares that were validly tendered and not validly withdrawn have been accepted for payment. Purchaser will promptly pay for such shares, at the offer price of $28.00 per share, net to the seller in cash, without interest and less applicable withholding taxes.

NCR also announced that it intends to exercise its option, under the terms of the merger agreement, to purchase directly from Radiant an aggregate number of additional shares of Radiant common stock that will result in NCR owning one share more than 90 percent of the outstanding shares of Radiant. NCR expects to effect a “short-form” merger under Georgia law and complete the acquisition of Radiant on August 24, 2011.

Under the merger agreement, at the effective time of the merger, each Radiant share then outstanding (other than any shares in respect of which dissenters’ rights are validly exercised and any shares held by NCR or Radiant or any wholly owned subsidiary of Radiant) will be converted into the right to receive the same offer price of $28.00 per share (in cash, net to the holder, without interest and less applicable withholding taxes) that was paid in the tender offer. Following the merger, Radiant will become a wholly owned subsidiary of NCR, and Radiant’s common stock will cease to be traded on the NASDAQ Global Select Market.

About NCR Corporation

NCR Corporation (NYSE: NCR) is a global technology company leading how the world connects, interacts and transacts with business. NCR’s assisted- and self-service solutions and comprehensive support services address the needs of retail, financial, travel, healthcare, hospitality, entertainment, gaming, public sector, telecom carrier and equipment organizations in more than 100 countries. NCR (www.ncr.com) is headquartered in Duluth, Georgia.

NCR is a trademark of NCR Corporation in the United States and other countries.

World’s First Tablet with Offer Fingerprint Sensor for Highly Secure NFC-based Transactions

August 22, 2011 08:00 AM Eastern Daylight Time 

New TazPad Android Tablet Is World’s First to Offer Fingerprint Sensor for Highly Secure Mobile Computing and NFC-based Transactions

TazTag’s new TazPad is first Android tablet to combine fingerprint sensor security with NFC mobile payments via AuthenTec’s TCS2 TouchChip™ sensor

MELBOURNE, Fla.--(BUSINESS WIRE)--AuthenTec (NASDAQ: AUTH), a leading provider of security and identity management solutions, announced that its TCS2 TouchChip™ sensor has been integrated into TazTag’s new TazPad Android tablet, making it the first to offer users highly secure fingerprint authentication as part of NFC-based mobile payment transactions. The TazPad is the only Android tablet to combine NFC and ZigBee capabilities with fingerprint authentication.

“No other Android tablet combines fingerprint authentication with the NFC transaction capabilities of the TazPad”

AuthenTec enhances the security of the TazPad via one-touch fingerprint authentication for NFC, ZigBee and online transactions. It is ideally suited for professionals who want to link a bank, a store or other institution’s back-end system with customers via a capable, mobile platform. For example, after fingerprint authentication on the TazPad’s TCS2 TouchChip sensor module, a vendor may provide specific information on products, read a client's loyalty card (via card or NFC phone), book orders and even complete a secure payment. TazPad includes INSIDE Secure’s SecureRead, a pre-integrated NFC microprocessor with chip, Secure Element, and operating system in a single application-ready package.

“We wanted to offer enhanced security capabilities with the TazPad, which is why we selected AuthenTec’s durable, high resolution TCS2 touch sensor for integration in this unique NFC-enabled Android tablet,” said Eric Fouchard, TazTag CEO. “AuthenTec has helped make mobile payment transactions more convenient and secure through fingerprint biometric technology that’s integrated in millions of NFC-equipped phones. They have a proven track record in NFC and fingerprint authentication that made their TouchChip offering a perfect fit for this very capable mobile platform.”

“No other Android tablet combines fingerprint authentication with the NFC transaction capabilities of the TazPad,” said Alan Kramer, AuthenTec’s Vice President of Government and Access Control. “Whether a user is interested in convenient yet secure authentication for NFC, ZigBee or Wi-Fi transactions or linking a customer to a back-end system for authentication, the TazPad is a very capable platform for mobile identification. We look forward to supporting TazTag in a successful launch of this new NFC tablet.”

AuthenTec’s TCS2 sensor is mounted on the front of the TazPad to enable quick and secure user authentication. The TCS2 provides excellent fingerprint image performance across a wide range of users, making it a highly reliable solution for a variety of identity verification applications. TazPad’s TCS2 utilizes AuthenTec’s durable SteelCoat™ surface coating to provide additional protection for the sensor.

The TazPad is also equipped with a 7-inch color screen that offers multitouch capabilities as well as a full HD and HDMI output. The tablet connects wirelessly via Wi-Fi, Bluetooth, NFC and ZigBee. Additional TazPad functions include a camera, a GPS location device, and an accelerometer.

AuthenTec offers complete security and identity management solutions for the mobile market, including embedded security, smart fingerprint sensors and software. AuthenTec’s mobile market offering includes embedded and downloadable DRM content protection, mobile VPN client solutions, security hardware IP, identity management software, and smart fingerprint sensors that are used in more than 15 million mobile phones. AuthenTec provides the most advanced levels of security, reliability, and performance for mobile phone users, mobile operators, content providers, embedded security developers and many others, saving them time and money while optimizing performance.

About TazTag

TazTag uses its expertise in contactless technology to provide its customers with products and platforms facilitating new contactless services deployment, both with infrastructure products and mobile devices, always based on a secure architecture. Our flagships are the TazPad, World 1st NFC/Zigbee/Biometry ANDROID Tablet, and the TazModule, a small box to let you NFC/Zigbee enable your own equipment. For more information please mail us at contact@taztag.com or visit our website www.taztag.com

About AuthenTec

AuthenTec is the world’s #1 provider of fingerprint sensors, identity management software, and embedded security solutions. AuthenTec solutions address enterprise, consumer and government applications for a growing base of top tier global customers. Already shipped on hundreds of millions of devices, the Company's smart sensor products, software and embedded security solutions are used virtually everywhere, from the PC on your desk to the mobile device in your hand to the server in the cloud. AuthenTec offers developers and users secure and convenient ways to manage today's rapidly evolving digital identities and security needs. For more information, visit www.authentec.com or follow us at twitter.com/authentecnews.

eBay CEO to Keynote Open Mobile Summit: Record registrations in August

The Open Mobile Summit 2011

August 22, 2011 09:03 AM Eastern Daylight Time 

SAN FRANCISCO--(EON: Enhanced Online News)--The mobile industry’s leading conference, The Open Mobile Summit, returns to San Francisco November 2-4 for the 4^th year. eBay’s CEO, John Donahoe, is Keynoting this year, alongside a wide range of industry power players.

“We’ve had record registrations in August, usually a quiet month, and are projecting over 800 top ranking executives to attend this year’s summit.”

“I’m very excited to announce that John Donahoe, CEO eBay Inc will be Keynoting this year” said executive producer, Robin Batt. “eBay are at the very forefront of mobile commerce, one of the fastest growing markets in the world.”

“The Open Mobile Summit itself is also growing fast” said Batt “We’ve had record registrations in August, usually a quiet month, and are projecting over 800 top ranking executives to attend this year’s summit.”

“The growth we’re experiencing is a reflection of the growing momentum of the mobile revolution, as leaders from large enterprises, retailers, advertisers and banks join the race to capitalize on the opportunities in mobile” said Batt

This year’s theme is Internet everywhere – exploring the future of 4G, mCommerce, Smartphones, Tablets, Connected TV, Publishing, HTML5 and the Open Mobile Web, Payments and NFC, enterprise IT, App discovery and monetization, mobile advertising, connected home, connected car and much more.

“This is not another 4G network or app-centric event, but a place where world-leaders across the entire ecosystem can meet in an intimate setting to explore the future” said executive producer, Robin Batt “Together we will build, and monetize, the open mobile economy”.

Confirmed speakers this year include top executives from Sprint, Verizon, LightSquared, Google, Disney, Visa, Citi, The Gap, Pandora, Layar, Best Buy ING Direct, USA Today, Time, ABC, FT, mig33, NPR, MTV and more.

Sponsors include Intel, Cisco, Ericsson, Marvell, Google, ARM, Mobile Intelligence Solutions, Sandisk, Texas Instruments, Openwave, Opera, VMware, Gemalto, Millennial Media, AppCarousel, Boku and Zong.

The Open Mobile Summit is taking place November 2-4 at the Marriot Marquis hotel in San Francisco. For more information, and to register to attend, please visit:
http://www.openmobilesummit.com

About Open Mobile Media Ltd

The Open Mobile Summit is produced by Open Mobile Media Ltd, an independent group founded in 2008 by communications industry consultant Robin Batt.

Contacts

Open Mobile Media Ltd
Robin Batt, +44 (0) 207 096 0102
robin@openmobilemedia.com