Tuesday, November 23, 2010

Visa Offering International Online Shopping Solutions for Consumers This Holiday Season to Access the Global Brands They Love

Visa Debit logoImage via Wikipedia
SAN FRANCISCO--(BUSINESS WIRE)--Visa Inc. (NYSE:V) today announced a series of promotions with two online shopping services - Borderlinx in 12 countries around the world and SkyBOX in more than 40 countries in Latin America - making it easier for Visa cardholders to shop on the internet for items from the United States this holiday season.
“Visa recognizes that online shopping is constantly evolving due to changing consumer behavior and the advent, availability and adoption of new technologies. We will continue working to find innovative ways to build new products and services that increase the value of digital currency.”
Borderlinx and SkyBOX are two of the world’s leading eCommerce shopping enablement services for consumers and merchants. Visa cardholders in Australia, Bahrain, Canada, China, Kuwait, New Zealand, Oman, Qatar, Russia, Saudi Arabia and UAE can now register with Borderlinx (www.borderlinx.visa.com) for free and enjoy shopping at thousands of online merchants from the U.S. and the U.K. Through SkyBOX (www.skybox.net/visa), Visa cardholders in any Latin American or Caribbean country can also register for free and shop at online U.S. merchants. Both Borderlinx and SkyBOX services provide shoppers with a personalized U.S. shipping address to which retailers can mail purchased items. Borderlinx and SkyBOX then arrange for these items to be delivered to the cardholder’s home country.
To promote these cross-border online shopping enablement services and provide value to cardholders, Visa has developed exclusive offers including lucky draws, shopping sprees and discounts. For card-issuing banks, Visa is making available customized platforms in select geographies around the world intended to help issuers nurture and grow cross-border eCommerce sales (issuers can emailinternationalecommerce@visa.com for more information).
Visa cardholders purchasing via Borderlinx and SkyBOX will enjoy fast delivery and competitive prices. On top of free registration, Borderlinx is offering a 10 percent savings for Visa cardholders in select countries during promotion periods. In Latin America, SkyBOX is offering a $10 discount on their first shipment on top of free registration. Shoppers are urged to check bothwww.borderlinx.visa.com and www.skybox.net/visa, for country-specific offers.
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Gerry Sweeney, global head of ecommerce and authentication, Visa Inc. said, “One inhibitor to the growth of cross-border eCommerce is the delivery of goods. In many countries, buying from U.S.-based online merchants has proven to be costly and logistically complicated. We partner with logistic service providers like Borderlinx and SkyBOX to remove obstacles to cross-border eCommerce transactions by enabling international Visa cardholders to shop online and purchase from thousands of U.S.-based retail stores that wouldn’t normally ship overseas.”
Sweeney added, “Visa recognizes that online shopping is constantly evolving due to changing consumer behavior and the advent, availability and adoption of new technologies. We will continue working to find innovative ways to build new products and services that increase the value of digital currency.”
Visa’s partnership with Borderlinx and SkyBOX and the facilitation of product shipments from the U.S. are part of Visa’s global eCommerce efforts to deliver a more satisfying online shopping experience for consumers while also creating an environment that delivers more profitable online sales to merchants.
Shoppers can register for the Borderlinx service online at (www.borderlinx.visa.com) and SkyBOX at (www.skybox.net/visa).
About Visa
Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 10,000 transactions a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products. For more information, visitwww.corporate.visa.com.

Contacts

Visa Inc.
Paul Wilke, 415-881-7995
globalmedia@visa.com
or
Fleishman-Hillard
Colleen Smith, 415-318-4183
colleen.smith@fleishman.com
Permalink: http://www.businesswire.com/news/home/20101123005432/en/Visa-Offering-International-Online-Shopping-Solutions-Consumers

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Discover® U.S. Spending MonitorSM Shows Encouraging Signs for Retailers Approaching Black Friday


http://www.discoverfinancial.comBig Drop in Number of Consumers Planning to Spend Less this Year on Holiday Gifts Compared to Last Year, 18- to 39- Year Olds, Affluent Consumers Signaling Higher Holiday Spending Intentions
RIVERWOODS, Ill.--(BUSINESS WIRE)--The number of shoppers who say they expect to spend less this holiday season has fallen 10 percentage points from this time last year, according to early data from the Discover U.S. Spending Monitor. The news, coupled with increased spending intentions on the part of younger and more affluent consumers, may signal happier holidays for retailers this season.
Last November, 65 percent of consumers said they were going to spend less on holiday gifts than they did the year before. This year only 55 percent feel that way. Of the 10 percent who shifted, the majority said they would spend about the same, but one in four said they would be spending more this year.
The Monitor also reported that both young shoppers and people in higher income brackets may be willing to open their wallets a little more this year. More than 14 percent of consumers, ages 18-39, are looking to spend more than they did a year ago, up from 11 percent in November 2009. Similarly, there was an increase – from 9 percent in 2009 to 12 percent this year – in the number of consumers with incomes over $75,000 who said they expect to spend more in 2010.
Consumers aren’t quite ready to rack up holiday spending increases on par with what the Monitor reported in 2007, before the recession. One in five expected to spend more on holiday gifts than the previous year. This year, only 10 percent are looking to spend more in 2010 than they did in 2009. Nonetheless, that’s up from 7 percent the year before and represents the first time since 2007 that the numbers have reached double digits.
Full results for the November Discover U.S. Spending Monitor will be released on Wednesday, Dec. 8. For more survey data, charts and information, please visitwww.discoverfinancial.com/surveys/spending.shtml.
About Discover U.S. Spending Monitor
The Discover® U.S. Spending MonitorSM is a monthly index of consumer spending intentions and capacity that is based on interviews with a random sample of 8,200 U.S. adults conducted at a rate of 275 per night. In addition to spending, the survey asks consumers their opinions on the U.S. economy and their personal finances. The Monitor began in May 2007 with a base index of 100. Surveys are conducted by Rasmussen Reports, an independent survey research firm (www.rasmussenreports.com).
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visit www.discoverfinancial.com.

Contacts

Discover
Matthew Towson
224-405-5649
matthewtowson@discover.com
Permalink: http://www.businesswire.com/news/home/20101123005032/en/Discover%C2%AE-U.S.-Spending-MonitorSM-Shows-Encouraging-Signs

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Monday, November 22, 2010

JetPay Extends Secure Vault Payments Offering to Full Client Base


After Successful Pilot, Leading Ecommerce Processor Officially Adds Online Payment Option to Platform
CARROLLTON, Texas--(BUSINESS WIRE)--JetPay announced today that Secure Vault Payments will now be offered to their full client base. As a pilot participant, JetPay was the first ecommerce processor to join the Secure Vault Payments network along with their client, Apple Vacations.
“When growing the Secure Vault Payments network, eCommerce processors like JetPay are invaluable to the overall success”
Secure Vault Payments is a safe and secure online payment network developed by NACHA — The Electronic Payments Association® and eWise, a provider of online payment and personal financial management solutions.
“As one of the original pilot members of the Secure Vault Payments network, JetPay is excited about the opportunity to work with eWise to promote this alternate form of payment in the card-not-present and ecommerce marketplace,” said Todd Fuller, Executive Vice President of JetPay. “Chargeback protection to our merchants as well as identity protection to consumers continues to be a growing concern in today’s payment marketplace. The core of Secure Vault Payments targets these issues and we look forward to adding value to our existing and prospective new clients.”
Secure Vault Payments is the only online payment system designed specifically for the unique security and convenience requirements of online payments and ecommerce. When completing an online purchase or bill payment, a consumer selects Secure Vault Payments as the payment option and is automatically redirected to his online bank. After authenticating with his financial institution, the consumer selects the account from which to make the payment and is redirected back to the merchant or biller to receive confirmation of payment. Because the consumer never enters or shares personal account information, the merchant or biller does not have to secure or store any financial data.
“When growing the Secure Vault Payments network, eCommerce processors like JetPay are invaluable to the overall success,” said Richard Brierley-Jones, Executive Vice President of eWise. “We are pleased they were one of the first to see the value of adding this online payment option to their overall payment processing solutions.”
Companies interested in joining the SVP network should contact Dean Seifert, Senior Vice President, eWise at svp@ewise.com. Inquiries regarding the NACHA Operating Rules or the business rules for Secure Vault Payment should be directed to NACHA.
JetPay
JetPay is an end-to-end processor with a focus on the Ecommerce and Card-Not-Present marketplace currently processing approximately $20 Billion per year in credit, debit and ACH payments. With its own in-house front end and back end processing/acquiring platforms, JetPay has the ability to customize unique solutions to each individual client without it affecting other clients across the platform. JetPay’s front end authorization platform is XML based and has a wide variety of API’s to allow merchants and developers to connect directly to JetPay without the need of a 3rd party gateway.
Companies interested in contacting JetPay about Secure Vault Payments and their other payment processing solutions should contact Todd Fuller, EVP of Business Development at JetPay attfuller@jetpay.com.
Secure Vault Payments™ (SVP)
Secure Vault Payments™ enables consumers to initiate private and secure payments for purchases and bill payments through their financial institutions’ online banking platforms, using the ACH Network and eWise’s Online Banking e-Payments technology. Financial institutions authenticate consumers and provide businesses with real-time authorization and confirmation of payment (ACH credit). Secure Vault Payments™ is a trademarked offering of NACHA — The Electronic Payments Association. To learn more, visit http://securevaultpayments.com.
eWise
eWise is partnering with NACHA to provide the Secure Vault Payments network, utilizing its Online Banking ePayments (OBeP) technology and account management services. eWise is a payments and online financial management solutions provider with a reputation for providing innovative solutions that make transacting online easier and more secure. eWise offices in US, UK, China and Australia support some of the world’s top 50 financial institutions with solutions delivering outstanding, proven ROI for its customers and a better online experience for millions of end-users worldwide. For more information, visit www.ewise.com.

Contacts

JetPay
Todd Fuller, 972-503-8900
tfuller@jetpay.com
or
eWise
Patti Duncan, 303-256-6276
pduncan@ewise.com
Permalink: http://www.businesswire.com/news/home/20101122005488/en/JetPay-Extends-Secure-Vault-Payments-Offering-Full



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MasterCard Worldwide Strengthens Global Marketing Leadership Team

MasterCardImage via Wikipedia
PURCHASE, N.Y.--(BUSINESS WIRE)--MasterCard Worldwide announced today the appointment of two senior leaders to the marketing department, further expanding the company’s breadth of global experience and expertise. Joining MasterCard Worldwide are Deborah Hsu Serianni as Group Head of Global Consumer Marketing, and Benjamin Jankowski as Group Head of Global Media. Both appointments are effective immediately.
“As a global company, we seek executives with a global purview and expertise that enhance our leadership and bring fresh perspective”
Deborah Hsu Serianni will be responsible for developing and managing MasterCard’s consumer marketing strategies around the world. She will drive brand preference and revenue growth by partnering with key stakeholders to deliver targeted, integrated solutions that address the needs of segments around the world.
Benjamin Jankowski will be responsible for coordinating MasterCard’s media plans, media mix and consumer targeting. In addition, he will focus on optimizing marketing investments through continued improvements in efficiencies and effectiveness, which includes global oversight and management of media, planning and budgeting processes.
“As a global company, we seek executives with a global purview and expertise that enhance our leadership and bring fresh perspective,” said Alfredo Gangotena, MasterCard’s chief marketing officer. “I am very excited to welcome Deborah and Benjamin to MasterCard. Their global experience -- combined with their stellar industry expertise and insights -- will further enhance our capability to engage consumers and businesses in key markets around the world.”
Prior to joining MasterCard, Serianni was most recently the Global Vice President of Personal Care, Hair Care and Wellness for Avon Products, Inc. In addition, Serianni spent nine years with Johnson & Johnson in Asia-Pacific and eight years with Procter & Gamble in Europe. In these positions, she led the global footprint and strategy of major brands and developed key Asia/Pacific and European product initiatives. Serianni earned a BA in Chemistry and Economics from Oberlin College, OH and a Masters degree from the J.L. Kellogg Graduate School of Management at Northwestern University.
Jankowski has almost three decades of brand strategy and media planning experience. He joins MasterCard from OMD, a division of the Omnicom Group Inc, where he most recently served as the Global Account Director for Johnson & Johnson and previously for PepsiCo International. Prior to that, Jankowski was Senior Vice President and Associate Managing Director of MPG for four years. Jankowski also spent 13 years with BBDO WorldWide where he was responsible for long-term media development for clients, including Gillette, Dell Computer and the New York Stock Exchange, among others. Mr. Jankowski received his BA in Communications from Temple University.
About MasterCard Worldwide
As a leading global payments company, MasterCard Worldwide prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere. MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. In 2009, $2.5 trillion in gross dollar volume was generated on its products by consumers around the world. Powered by the MasterCard Worldwide Network — the fastest payment processing network in the world — MasterCard processes over 22 billion transactions each year, has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99 percent reliability. MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as MasterCard PayPass™ and MasterCard inControl™. MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at www.mastercard.com. Follow us on Twitter:@mastercardnews.

Contacts

MasterCard Worldwide
Media Relations:
Joanne Trout, 914-249-6644
joanne_trout@mastercard.com
or
Investor Relations:
Gregory Boosin, 914-249-4565
investor_relations@mastercard.com
Permalink: http://www.businesswire.com/news/home/20101122005375/en/MasterCard-Worldwide-Strengthens-Global-Marketing-Leadership-Team



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Green Dot Survey Finds Majority of Holiday Shoppers Are Avoiding Credit Cards as Primary Form of Payment



Prepaid Cards Offer Solution for Shoppers Who are Concerned about Debt and Want to Stay on Budget
http://www.greendot.comMONROVIA, Calif.--(BUSINESS WIRE)--As Black Friday and Cyber Monday deals usher in the holiday shopping season, a new online survey conducted in November by Harris Interactive for Green Dot (NYSE: GDOT), a leading prepaid financial services company, finds the majority of holiday shoppers are shunning credit as their primary form of payment this holiday season. Concerned about adding debt to their holiday shopping cart, 69% of shoppers plan to primarily use available funds, such as debit cards, cash, checks, gift cards as well as prepaid cards to pay for gifts this year.
“Our Green Dot prepaid card is a great financial control tool that gives consumers access to all the convenience of paying with plastic, without the risk of accruing debt or having to pay interest or penalty fees.”
In their quest to avoid debt, 25% of consumers who used their credit card for holiday shopping last year said that they are less likely to use credit cards for purchases this year, and in fact, 1 in 10 said they will not be using them at all.
“We applaud consumers for being fiscally responsible this holiday season and encourage them in their efforts to have a happy and debt-free holiday,” said Steve Streit, Green Dot’s Chairman and Chief Executive Officer. “Our Green Dot prepaid card is a great financial control tool that gives consumers access to all the convenience of paying with plastic, without the risk of accruing debt or having to pay interest or penalty fees.”
Concerns about debt
According to this survey, more than half of consumers in the prime family years of 35-44 and 45-54 were concerned (55% and 58% respectively) about accumulating holiday shopping debt. And, regardless of age, women are more likely than men to say they are at least somewhat concerned about accruing debt (52% vs. 45% respectively).
As consumers strive to stay on budget, research shows that the demand for prepaid cards is steadily rising. The Mercator Advisory Group estimates that the total load volume in the United States for open loop cards will grow at a 36% compound annual growth rate through 2013 to exceed more than $421 billion in total market size.
Avoiding unplanned bank fees
Another compelling finding of this holiday shopping survey was that 45% of Americans have been charged unplanned bank fees in the past year. More than half (51%) of these adults indicated paying unplanned overdraft fees, followed by ATM fees (47%), finance charges (32%) and late payments fees (29%).
The Green Dot Visa or MasterCard prepaid cards have no minimum balance requirement, no overdraft fees and no penalty fees of any kind. In the last 12 months ended September 2010, Green Dot issued approximately 6.1 million new prepaid card accounts to Americans, who loaded more than $9.5 billion of deposits over the same period last year. These FDIC-insured cards come with all of the same consumer protections as checking accounts and provide a secure way for consumers to shop anywhere Visa or MasterCard is accepted.
This survey was conducted online within the United States by Harris Interactive on behalf of Green Dot Corporation from November 10-12, 2010 among 2,288 adults ages 18 and older. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact brian.ruby@icrinc.com.
About Green Dot
Green Dot is a leading prepaid financial services company providing simple, low-cost and convenient money management solutions to a broad base of U.S. consumers. Green Dot also owns and operates the Green Dot Network, a leading prepaid card reloading network in the United States. Consumers can access the Green Dot Network and use it for a wide variety of transactions, including cash loading onto prepaid cards and adding funds to a PayPal account through MoneyPak(R). Green Dot sells its cards and offers reload services nationwide at approximately 50,000 retail stores, including Walmart, Walgreens, CVS, Rite Aid, 7-Eleven, Kroger, Kmart, Meijer, and Radio Shack, which provide consumers convenient access to its products and services. Green Dot's products include MasterCard(R) and Visa(R) branded prepaid debit cards and the Green Dot MoneyPak(R). Green Dot is headquartered in the greater Los Angeles area. For more details, visithttp://www.greendot.com and http://www.moneypak.com.
About Harris Interactive
Harris Interactive is one of the world's leading custom market research firms, leveraging research, technology, and business acumen to transform relevant insight into actionable foresight. Known widely for the Harris Poll and for pioneering innovative research methodologies, Harris offers expertise in a wide range of industries including healthcare, technology, public affairs, energy, telecommunications, financial services, insurance, media, retail, restaurant, and consumer package goods. Serving clients in over 215 countries and territories through our North American, European, and Asian offices and a network of independent market research firms, Harris specializes in delivering research solutions that help us - and our clients - stay ahead of what's next. For more information, please visit www.harrisinteractive.com.

Contacts

ICR
Liz Brady, 646-277-1226
liz.brady@icrinc.com
or
Brian Ruby, 203-682-8268
brian.ruby@icrinc.com
Permalink: http://www.businesswire.com/news/home/20101122005806/en/Green-Dot-Survey-Finds-Majority-Holiday-Shoppers

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Credit Card Accounts on the Decline -- Can the Holiday Season Provide a Rebound?


Nov 22, 2010 08:46 ET
The Bedford Report Provides Analyst Research on Visa & Capital One
NEW YORK, NY--(Marketwire - November 22, 2010) - The unofficial start of the holiday season is right around the corner with "Black Friday" taking place later this week. It's an important month for the credit services industry and card issuers offer plenty of holiday season deals to persuade cautious customers into using their cards. However the latest reports show that the number of open credit card accounts in the US is decreasing rapidly, while the National Retail Federation recently warned that consumers will be relying far less on credit cards this holiday season. The Bedford Report examines the outlook for companies in the Credit Services Industry and provides research reports on Visa, Inc. (NYSE: V) and Capital One Financial Corp. (NYSE: COF). Access to the full company reports can be found at:
Earlier this month the Federal Reserve of New York released a report claiming that the number of open credit card accounts continued its decline during the third quarter. The number of open credit card accounts has dropped 24% since the second quarter of 2008. The Federal Reserve also added that revolving credit dropped for a 25th consecutive month, falling by an annual rate of $8.3 billion, or 12.1%.
Meanwhile, the National Retail Federation reported last week that consumers' use of credit cards for holiday shopping is at its lowest rate since 2002. According to the report 43.0% of shoppers plan to use debit cards as their primary form of payment for the holidays and 25.7% plan to use cash. A mere 27.6% of shoppers plan to use credit cards, the lowest since 2002.
The Bedford Report releases regular market updates on the Credit Services Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
While consumers may not be using their credit cards like in years past, Visa believes that its prepaid gift card will remain a popular holiday present. According to the company's "gift giving survey," 85 percent of U.S. consumers would appreciate receiving a branded gift card -- like a Visa Gift card -- to buy something they really want or need.
The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer


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Tyfone Receives Additional Patent for Cutting-Edge Mobile Electronic Wallet Technology


Latest Patent Covers Key Technologies in Tyfone’s Suite of Award-Winning Solutions

http://www.tyfone.comPORTLAND, Ore.--(BUSINESS WIRE)--Tyfone (www.tyfone.com), a global provider of unified mobile money and secure transaction infrastructure for mobile banking, mobile identity management, and mobile contactless NFC payments, today announced the award of its newest patent for the company’s innovative mobile electronic wallet technology.
“Tyfone recognizes the value of this intellectual property and the hard work that it has taken to continue developing innovative solutions, confirmed by this patent issuance. This patent will uniquely enable solutions that will allow consumers to benefit from the convergence of money and mobility”
This patent, US 7,828,214, issued on November 9, 2010, entitled “Mobile phone with electronic transaction card” has an effective filing date of February 22, 2005.
Tyfone’s patented technology enables the use of a mobile phone having a memory card slot and a memory card compatible with the memory card slot to transmit transaction data to a reader device. The memory card includes circuitry used to produce a time-varying magnetic field that enables a contactless transaction. The circuitry used to produce a time-varying magnetic field may include smartcard circuitry.
“Tyfone recognizes the value of this intellectual property and the hard work that it has taken to continue developing innovative solutions, confirmed by this patent issuance. This patent will uniquely enable solutions that will allow consumers to benefit from the convergence of money and mobility,” said Dr. Siva Narendra, chief technology officer at Tyfone. “Our innovations allow financial institutions to provide secure, convenient and holistic solutions, therefore enable a value driven user experience to multiple generations of consumers, whose needs and usage models differ widely. Tyfone’s neutral secure commerce solutions are easily implemented and scalable by financial institutions, merchants, account issuers, or network operators. Ensuring security and a positive consumer experience are our guiding principles.”
Over the next two years, analysts forecast contactless payment transactions via MicroSD technology will be used by more than 20 million people in North America alone, at thousands of contactless payment terminals already in place. According to a Sept. 2009 forecast by Juniper Research, near-field communications (NFC) contactless payment global gross transaction value is expected to exceed $30 billion by 2012.
“As recent news from major financial, mobility and computing brands demonstrate, all the stakeholders in financial services and commerce are converging on mobile,” said Dr. Narendra. “The NFC and contactless market is heating up now more than ever as handset manufacturers, OS developers, network operators, payment card networks and financial institutions all race to secure a stake in this technology and its direction. Tyfone’s innovations include a secure end-to-end mobile money and transaction platform that also provides neutral contactless NFC solutions.”
Unlike software-only technologies that refer to their application as an electronic wallet and are limited in functionality and security, Tyfone’s platform includes the SideTap™ neutral secure element -- thereby creating a digital container and functionality, unavailable in software-only solutions, for securely storing content for a true electronic “wallet.” This solution enables any stakeholder to securely manage multiple consumer credit, debit, pre-paid, loyalty, identification, and transportation accounts for use in a wide range of payment and other secure transactions, while maintaining the storage capabilities of existing memory cards that consumers have grown accustomed to.
In the growing contactless payment marketplace, Tyfone’s patents, SideTap memory card product, and u4ia® (pronounced euphoria) mobile money and secure transaction platform enable any commerce stakeholder to bring immediate scale by converting most existing handsets to be NFC ready.
ABOUT TYFONE:
Founded in 2004, Tyfone’s corporate headquarters are in Portland, Oregon, and its Asia-Pacific headquarters in Bangalore, India. Tyfone connects money and mobility via a highly secure, scalable and flexible mobile financial services solution tailored to meet the evolving needs of consumers, financial institutions, mobile network operators, transportation companies, and retailers. Operating in any standard memory card slot, Tyfone’s u4ia® platform and its companion SideTap™ memory card is the world’s first patented, neutral, and comprehensive memory card-based payments solution for mobile contactless payments. Tyfone and its partners enable a suite of services including Mobile Banking, Mobile Identity Management, Mobile Remote Payments, Mobile Retail Services, and Mobile Contactless Payments. For more information visit www.tyfone.com.
Some names and brands mentioned may be claimed as the property of others. u4ia, Tyfone, and SideTap are trademarks of Tyfone, Inc.

Contacts

Mobility Public Relations
Holly Woolard
503-343-4144
tyfone@mobilitypr.com
Tyfone Press Kit: http://tyfone.mobilitypr.com
Follow Tyfone on Twitter: http://twitter.com.tyfone
Permalink: http://www.businesswire.com/news/home/20101122005561/en/Tyfone-Receives-Additional-Patent-Cutting-Edge-Mobile-Electronic



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