Wednesday, February 23, 2011

HomeATM Optimistic About Card Reader


Times Square...Get it?
HomeATM's device may run circles around Square, but 
until/unless they raise $37.5 million dollars as has Square, 
"fair and Square" competition is going to be difficult.  

American Banker  |  Wednesday, February 23, 2011


HomeATM has created the industry's first PIN Entry Device designed for eCommerce and mCommerce to be PCI 2.1 Certified...(i.e.  "It runs circles around Square)

By Will Hernandez

HomeATM ePayment Solutions said it is finally gaining traction in the marketplace for its home card reader — because of the popularity of a reader made by Square Inc. and a coming ... (continue reading, subscription required)

Square
Square image
Website:squareup.com
Location:San Francisco , California, United States
Founded:February, 2009
Funding:$37.5M

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ACCEL/Exchange Network from Fiserv Sets New Growth Records in 2010


  • Transaction volume up 29 percent from 2009
  • More than 1.2 billion transactions processed in 2010
  • 122 million transactions processed in December 2010
BROOKFIELD, Wis.--(BUSINESS WIRE)--Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, announced today that its ACCEL/Exchange® debit payments network saw record-setting growth in 2010 with an increase in total transactions of almost 29 percent from 2009.
“Our focus at ACCEL/Exchange is to help our members leverage a competitive edge in the payments marketplace”
ACCEL/Exchange established a new annual record for total transactions with more than 1.2 billion transactions processed in 2010. December 2010 also set a new monthly record with more than 122 million transactions – a year-over-year increase of 26 percent.
Among individual payment channels, point-of-sale (POS) transactions grew nearly 30 percent in 2010 to more than 1.15 billion, with ATM transactions also increasing 22 percent over the same period to 82 million. More than 300 financial institutions joined ACCEL/Exchange as new members in 2010, increasing total membership to almost 2,800 member financial institutions.
“Experiencing close to 30 percent growth in today’s challenging economic and legislative climate, speaks to our commitment to providing the most secure, innovative and profitable payment solutions to our members,” said Mike Kelly, general manager, ACCEL/Exchange, Fiserv.
Last August, Fiserv announced an innovative interchange program for members who choose ACCEL/Exchange as their exclusive PIN debit network plus subscribe to at least one additional Fiserv product or service. Members in the program have the opportunity to earn higher interchange rates and reduce overall expenses. The new program has been an overwhelming success with Network members who are looking for ways to improve and optimize their debit payments portfolio bottom line.
“Even in light of all the recent legislative efforts that impact debit card programs, the sustainability of these products as a preferred payment method can’t be denied,” states Patricia Hewitt, director of the Debit Advisory Service for Mercator Advisory Group. “Current market dynamics make it even more important for issuers to underscore the value of their debit card programs, as this market is projected to continue growing at double digit rates.”
“Our focus at ACCEL/Exchange is to help our members leverage a competitive edge in the payments marketplace,” said Kelly. “Regardless of outside influences, debit will remain a key ingredient of the payments mix because it’s secure, dependable and consumers prefer it. That’s why we’re committed to delivering innovative, cost-effective payment solutions that provide a positive financial benefit for our members. We’re focused on enhancing transaction and channel diversity to help our members strengthen their consumer relationships and attract those consumers who are increasingly impatient with financial institutions that do not offer services on their terms.”
For more information on the ACCEL/Exchange debit payments network, please visit http://www.accelexchange.com/.
Additional Resources:
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. Fiserv is ranked No. 1 on the FinTech 100 survey of top technology partners to the financial services industry. For more information, visitwww.fiserv.com.
FISV-G

Contacts

Media Relations:
Julie Nixon
PR Manager
Fiserv, Inc.
678-375-3744
julie.nixon@fiserv.com
or
Additional Contact:
Wade Coleman
Director, Public Relations
Fiserv, Inc.
678-375-1210
wade.coleman@fiserv.com

At A Glance

Fiserv, Inc.
Source: via Business Wire
Updated 08/18/2009 by company
Headquarters:Brookfield, Wisconsin
Website:http://www.fiserv.com
CEO:Jeff Yabuki
Employees:20,000
Ticker:FISV (NASDAQ)
Revenues:$4.74 billion (2008)
Net Income:$569 million (2008)
Permalink: http://www.businesswire.com/news/home/20110222005612/en/ACCELExchange-Network-Fiserv-Sets-Growth-Records-2010
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MasterCard Statement on House Financial Services Committee Hearing

PURCHASE, N.Y.--(BUSINESS WIRE)--MasterCard said today it is pleased that members of the House Financial Services Committee are examining the ramifications of the Durbin Amendment and the impact the proposed Federal Reserve Rule will have on consumers as well as financial institutions of all sizes. Debit cards are a popular form of payment and unfortunately, consumers are already seeing the impact of the proposed rule with a reduction of benefits including the loss of free checking and an increase in fees.
“The government establishing price controls rather than letting the free market system work will result in consumers paying for virtually all of the costs for the benefits merchants receive today, which amount to well in excess of $14 billion.”
“We are encouraged that members of Congress on both sides of the aisle are calling into question the Durbin Amendment and that the consequences for consumers are being evaluated. Changes of this magnitude warrant serious thought and analysis and we hope that if Congress re-examines the Amendment and studies the effects, they will see that the harms far exceed any perceived benefits and it will ultimately be repealed,” said Noah J. Hanft, MasterCard general counsel. “The government establishing price controls rather than letting the free market system work will result in consumers paying for virtually all of the costs for the benefits merchants receive today, which amount to well in excess of $14 billion.”
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 2010, $2.7 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 23 billion transactions each year and 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
James Issokson, 914-249-6286
james_issokson@mastercard.com
Permalink: http://www.businesswire.com/news/home/20110217005576/en/MasterCard-Statement-House-Financial-Services-Committee-Hearing
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Retailers Tell Congress Delaying Swipe Fee Reform Could Cost Merchants and Customers $1 Billion Per Month

WASHINGTON--(BUSINESS WIRE)--The National Retail Federation today urged Congress not to delay debit card swipe fee reform scheduled to take effect this summer, saying the card industry’s push for postponement could cost retailers and their customers more than $1 billion per month.
The House Financial Services Committee’s Subcommittee on Financial Institutions is scheduled to hold a hearing today on debit card swipe fee regulations proposed by the Federal Reserve in December. While the hearing is being billed only as an examination of the proposal, the card industry is reportedly seeking legislation that would delay implementation of the regulations by anywhere from six months to two years.“Congress recognized last year that the credit card companies and big banks have been extracting monopoly-like fees from merchants and their customers for far too long,” NRF Senior Vice President and General Counsel Mallory Duncan said. “Now that reform is about to go into effect, the card industry is asking for a do-over they don’t deserve. Every month they can push back reform is another billion dollars taken out of consumers’ pockets. We would rather use that savings to cut prices, provide more retail workers with health insurance or put more Americans to work.”
Under swipe fee reform included in last year’s Dodd-Frank Wall Street Reform and Consumer Protection Act, the Fed was instructed to establish regulations that would result in “reasonable” debit card fees proportional to banks’ cost of processing debit transactions. The Fed proposed in December that debit swipe fees, currently 1 to 2 percent of each transaction, be capped at a flat fee of no more than 12 cents per transaction. Financial institutions with less than $10 billion in assets would be exempt.
Debit card swipe fees currently total about $20 billion a year, which card company practices compel merchants to pass along to customers in terms of higher prices. The Fed estimates that its proposed cap would lower fees about 70 percent, or about $1.2 billion a month. At that rate, a two-year delay would cost merchants and consumers nearly $30 billion.
NRF has told the Fed its proposal does not go far enough because banks have claimed only 4 cents as their cost of processing transactions and authorities in other countries have said even lower fees would more accurately reflect actual costs. NRF is arguing that debit transactions should be paid at close to face value since paper checks drawn on the same bank accounts are paid at face value and debit cards are merely plastic checks. The Fed is currently receiving comments on its proposal and is required to issue a final version in April, with the rules taking effect in July.
As the world's largest retail trade association and the voice of retail worldwide, NRF's global membership includes retailers of all sizes, formats and channels of distribution as well as chain restaurants and industry partners from the United States and more than 45 countries abroad. In the United States, NRF represents the breadth and diversity of an industry with more than 1.6 million American companies that employ nearly 25 million workers and generated 2009 sales of $2.4 trillion. www.nrf.com

Contacts

National Retail Federation
J. Craig Shearman, 202-626-8134
shearmanc@nrf.com
Permalink: http://www.businesswire.com/news/home/20110217006171/en/Retailers-Congress-Delaying-Swipe-Fee-Reform-Cost
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Tuesday, February 15, 2011

First Data Chooses Acculynk’s PaySecure for Internet PIN Debit

First Data to offer Internet PIN debit via Acculynk’s PaySecure

Atlanta, Feb. 14, 2011 -- Acculynk, provider of PaySecure®, the only software service in the U.S. that enables PIN debit payments on the Internet, today announced that First Data Corporation, a global leader in electronic commerce and payment processing, will offer its online merchants PaySecure through First Data’s eCommerce payment processing platforms.

With online fraud on the rise, this solution adds a security measure that merchants can offer their customers during the checkout process. In fact, according to Javelin Strategy and Research’s 2010 Identity Fraud Survey Report, card‐not-present fraud through online purchases rose for the third year in a row to 42 percent in 2009, from 37 percent in 2008 and 28 percent in 2007.

“With PaySecure, we will be able to provide our online merchants another security tool that will reduce fraud, increase savings and provide consumers with another choice that’s already a familiar payment method,” said Souheil Badran, First Data senior vice president and division manager, eCommerce Solutions. “By augmenting PaySecure into our current fraud and security offerings, First Data offers one of the most robust and secure eCommerce platforms in the market. Plus, it is simple for our merchants to implement and for their customers to use during the online checkout process.”

PaySecure brings the security and convenience of PIN debit to the Internet with a patented, graphical PIN-pad that appears over the merchant checkout for the option of PIN entry. Consumers can pay with participating debit cards and a PIN, just like they would use PIN debit at the retail point of sale, and there is no enrollment required or redirection from the merchant’s payment page.
“PaySecure, in use by major eCommerce merchants and airlines, allows a merchant to leverage their existing payment channels, and unlike many other payment methods, it brings immediate consumer adoption,” said Ashish Bahl, CEO of Acculynk. “First Data is integrating PaySecure into their environment to simplify the merchant adoption and rollout process.”

About Acculynk

Acculynk offers a suite of software-only services that secure online transactions. PaySecure®, Acculynk’s flagship payment product, capitalizes on the security and convenience of PIN debit to lower online fraud and associated costs for Ecommerce merchants, bank issuers and EFT networks, while providing new sources of incremental sales. PaySecure is available through the Internet, mobile and kiosk channels and Acculynk has distribution partnerships with 9 EFT networks and major merchant acquirers. Over 3,000 U.S. Ecommerce merchants have been enabled for PaySecure, and Acculynk is extending the benefits of PaySecure to international markets and additional product applications in 2011. For more information, visit http://www.acculynk.com .

About First Data

Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive customer revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction.


Source: Company press release.
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HomeATM-AnywhereCommerce and CardinalCommerce Partner to Bring Secure PIN Debit Processing to Internet and Mobile Commerce Merchants


Source: CardinalCommerce Corporation

HomeATM-AnywhereCommerce and CardinalCommerce Partner to Bring Secure PIN Debit Processing to Internet and Mobile Commerce Merchants

MONTREAL and MENTOR, Ohio, Feb. 15, 2011 (GLOBE NEWSWIRE) -- The Rover™ point of sale terminal, manufactured by HomeATM, is the first ever Internet PIN entry device (PED) to achieve PCI certification 2.1. 

LogoHomeATM's PCI certified 2.1 PED device and patented solution is portable (measuring 3.5" x 1.5"), cost effective, and bank-grade secure. Rover™ is "friendly and easy" for a consumer to use when shopping online or on their mobile phone, with instantaneous implementation.

HomeATM's Rover will be delivered as part of CardinalCommerce's Universal PIN Debit Service™ (UPDS), which will be available to merchants that use the Cardinal Centinel® Universal Merchant Platform. Centinel is already used by thousands of Internet and mobile commerce merchants and is the industry standard supporting traditional 3D-Secure payment brands and Alternative Payment methods. UPDS will allow Centinel merchants an additional payment option, the ability to accept online PIN debit transactions, to offer their online and mobile shoppers.

As part of UPDS, the Rover will provide secure multi-factor authentication for eCommerce and mCommerce transactions including:
  • Device level 3DES encryption
  • 4-Factor authentication
  • Fraud reduction/elimination
Consumers that wish to shop online using their PIN debit card simply need to swipe their card into their personal Rover in exactly the same way they would swipe their card at the grocery store, gas pump, or bank, and enter their PIN to authenticate themselves. Centinel merchants can confidently process orders knowing that this method of authentication represents the lowest fraud risk of any transaction type. The cardholder and their card are "present" in all scenarios driving increased security, fraud reduction, and favorable interchange rates.

"Delivering secure PIN debit on the web is long overdue," said Mitchell Cobrin, President & CEO of HomeATM-AnywhereCommerce. "We commend Cardinal for accepting the lead role, managing the expectations of all stakeholders in eCommerce transactions, while creating this new eco system. Rover provides the point of sale PIN debit transaction for a consumer shopping in the virtual and mobile channels."  

Cardinal's platform can accommodate virtually any authentication technology and can easily handle version changes, technology enhancements while adding flexible authentication parameters for added strength.  "Cardinal continues to achieve its strategy to enable authenticated transactions originating from any place, sending transactions to the right place, in the right way," said Mike Keresman, Chief Executive Officer of CardinalCommerce.   "We are pleased about adding Home ATM's authentication technology, Rover, to ensure that remote consumer channels are safe and secure."  

About HomeATM-AnywhereCommerce
HomeATM-AnywhereCommerce is a global eCommerce and mCommerce payments technology engineering and solutions provider with patented and proprietary suites of hardware and software services for secure online and mobile card present credit card and PIN debit transactions.  HomeATM's universal "aCommerce" platform is ideal for eCommerce, mCommerce, P2P, retail line-busting as well as traditional field services such as repairman, delivery or taxi services.  HomeATM's PCI 2.1 certified PED and bank grade secure end–to-end ecosystem provides greater security, reliability, convenience and return on investment for consumers, merchants, networks, issuers and acquirers.
True to its name, Rover goes wherever the transaction requires. Rover seamlessly integrates to all mobiles, PCs, tablets, PDA's, and connects universally with all major operating systems. Rover is NFC and EMV capable.

For Further information please visit: www.AnywhereCommerce.com

About CardinalCommerce
CardinalCommerce Corporation is the global leader in enabling authenticated payments, secure transactions, and alternative payment brands for both e-commerce and mobile commerce. Cardinal Centinel® is authentication software for merchants which enables dozens of traditional and alternative payment brands to connect to a network of thousands of merchants and merchant service providers.

Cardinal's mobile commerce platform, Cardinal MAX™, makes it simple for retailers to sell and market products through the mobile channel. Cardinal's proprietary and easily deployable technology provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct authenticated Internet, wireless and mobile transactions safely and securely.

Cardinal's 2IDENTIFI™ Platform enables a Financial Institution to authenticate its customers for eCommerce transactions using Verified by Visa or MasterCard® SecureCode™, or for secure access to online banking applications. The complimentary 2IDmobile™ solution enables a customer's mobile phone to become a token, creating a strong dynamic one-time use number for authentication, or can deliver the dynamic one-time number.

Headquartered in Cleveland, Ohio, with facilities in the United States, Europe, and Africa, Cardinal services a worldwide Customer base. For more information, visit www.cardinalcommerce.com
The CardinalCommerce logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=697
CONTACT: Media Contact:
         Karen Lavy
         klavy@AnywhereCommerce.com 408-416-3302

         Media contact:
         Janet L. Kapostasy
         Vice President Financial Institution Services
         CardinalCommerce Corporation
         877.352.8444
         jkapostasy@cardinalcommerce.com
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Monday, February 14, 2011

First Data, Acculynk Partnership Gives PIN-Debit Acceptance Online A Boost


Will Hernandez reports for Payments Source that First Data's partnership with Acculynk is all about consumer adoption...

Consumer adoption likely will determine whether First Data Corp.’s decision to support Acculynk Inc.’s PaySecure Internet PIN-debit product benefits the processor’s merchant partners that decide to offer the online checkout payment option, observers say.  (to read more)

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VeriFone Expands PAYware Mobile to Global Markets

 February 14, 2011 02:00 AM Eastern Time 


Brings Most Versatile Smart Phone Enabled Mobile Payment Service with NFC and EMV Chip &PIN to Small Businesses

Small businesses around the world will be able to accept card payment anywhere with PAYware Mobile from VeriFone, now available in a global edition with support for NFC contactless, EMV and Chip & PIN.
Mobile World Congress 2011
Booth #7MM22
BARCELONA--(BUSINESS WIRE)--VeriFone Systems, Inc. (NYSE: PAY), today announced a next-generation version of PAYware Mobile Service for global markets. This latest innovation features VeriFone’s sleek mobile payment solution and gateway service and brings international payment standards including NFC and EMV smart card, with PCI-compliant PIN keypad for Chip & PIN transactions, to popular smart phones.
“PAYware Mobile struck a chord with micro merchants in North America who wanted to be able to quickly and securely accept credit card payments anywhere by leveraging a cost-effective, mobile smart phone”
With this solution, small businesses around the world will be able to accept smart card, mag-stripe card and contactless-based payments anywhere at any time. The second generation of PAYware Mobile will be available in the UK and Canadian markets during the first quarter of 2011. In addition, PAYware Mobile will be introduced into additional countries across Europe, Latin America and Asia throughout 2011.
“PAYware Mobile struck a chord with micro merchants in North America who wanted to be able to quickly and securely accept credit card payments anywhere by leveraging a cost-effective, mobile smart phone,” said Paul Rasori, VeriFone senior vice president of marketing. “VeriFone is now leveraging our global partnerships and distribution capabilities to provide a mobile payment platform that supports regional demands for EMV, NFC-based applications, and secure, PCI-compliant PIN entry.”
Each generation of PAYware Mobile provides smaller merchants with a cost-effective alternative to dedicated payment devices by providing an entire smart phone-based solution that includes VeriFone’s VeriShield Protect end-to-end encryption of card data. Users also gain access to sophisticated reporting tools via VeriFone gateway services, as well as the ability to email customized receipts to customers.
The global version of PAYware Mobile incorporates a battery that provides 10 hours of PIN pad operation so users can accept payment without impacting on the smart phone’s battery. It also incorporates a mini-USB port for convenient charging capability.
Additional Resources: www.paywaremobile.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Systems, Inc.
This press release includes certain forward-looking statements related to VeriFone Systems, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on VeriFone management’s current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of VeriFone Systems, Inc. These risks and uncertainties include: the successful rollout of VeiFone’s next generation Payware Mobile solution, our ability to protect against fraud, the status of our relationship with and condition of third parties upon whom we rely in the conduct of our business, our dependence on a limited number of customers, uncertainties related to the conduct of our business internationally, our dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to our payment solution offerings. For a further list and description of such risks and uncertainties, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. VeriFone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
About VeriFone Systems, Inc. (www.verifone.com):
VeriFone Systems, Inc. (“VeriFone”) (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.

Contacts

VeriFone Media Relations
Pete Bartolik, 508-283-4112
pete_bartolik@verifone.com
Permalink: http://www.businesswire.com/news/home/20110213005091/en/VeriFone-Expands-PAYware-Mobile-Global-Markets
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PaymentOne Awarded Two Additional Patents -- Broadening Its Mobile Wallet, Payments, and Carrier Billing Patent Portfolio

Feb 14, 2011 08:00 ET

Latest Patents Cover Authentication, Security and Fraud Control for Rapidly Growing Mobile Payments and Direct Carrier Billing Services

SAN JOSE, CA--(Marketwire - February 14, 2011) - PaymentOne Corp., the leader in global carrier billing for landline, broadband and mobile consumers announced today the issuance of two new patents by the US Patent Office related to multi-billion dollar markets for mobile commerce and direct carrier billing.
The patent for invention number 7,848,504 covers leading edge fraud control and user authentication for commerce that is conducted using a carrier connected billing telephone number.
The patent for invention number 7,848,500 covers innovative Internet payment methods and modalities tied to a user's mobile, broadband and/or landline account.
"These latest patents contain a series of claims that enable frictionless and secure payments tied to the convenience of the mobile, broadband or home telephone subscriber account," said Joe Lynam, President and CEO of PaymentOne. "We continue to expand our patent portfolio which highlights PaymentOne's leadership in convenient and secure payment technologies for commerce online and all types of emerging applications, screens, and mobile devices.
The patents cover technology in PaymentOne's real time authentication and fraud control system. They further cover technology to validate, execute, and settle financial transactions using a variety of funding methods including a mobile bill account, credit/debit cards and pre-paid cards for physical and digital goods and services.
PaymentOne offers merchants and publishers an integrated solution for monetizing single transactions and recurring subscription services. PaymentOne's AnyPhone™ Network spans across 70 countries through carrier billing relationships covering more than 1,100 carriers and over 3 billion consumers including the World's largest mobile operators. "Demand for robust global payment technology and services are growing rapidly as more consumers seek the ease and convenience of transacting on any device and any application. The most successful providers will provide deep and wide payment coverage, support and expertise, while eliminating friction, fraud and security concerns at the point of sale for consumers," said Mr. Lynam.
About PaymentOnePaymentOne Corporation is a global leader in carrier-based billing for landline, broadband and mobile payments, and one of the world's fastest growing Payment Services Providers. The company pioneered "no credit card required" and has a 10-year track record in payment services that connect digital merchants, social media publishers, content providers and network operators. PaymentOne has generated over $4 billion in new digital revenue for brand name clients including Blizzard Entertainment and America Online. AnyPhone™ connects with over 1100 network operators and enables over 3 billion worldwide consumers in 70 countries to simply bill digital purchases on any device to their existing mobile, broadband or home phone bill. The company has a robust patent portfolio covering fraud prevention, authentication, and alternative payments. PaymentOne is privately held and headquartered in the Silicon Valley. To learn more visithttp://www.PaymentOne.com

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Intel Capital Investments to Help Expand the Mobile Ecosystem

Image representing Intel as depicted in CrunchBaseImage via CrunchBase
February 14, 2011 08:00 AM Eastern Time 
NEWS HIGHLIGHTS
  • Intel Capital to invest $26 million in six mobility companies around the globe.
  • New investments will help drive continued innovation in mobile hardware, software and applications ecosystems.
  • Technologies bring new user experiences across a continuum of devices.
Mobile World Congress 2011
BARCELONA, Spain--(BUSINESS WIRE)--MOBILE WORLD CONGRESS--Intel Capital, Intel Corporation’s global investment organization, today announced six new investments to drive continued innovation across the mobile hardware, software and applications ecosystems. The new deals total approximately $26 million and include open source mobile software solutions company Borqs; location-based mapping platform and tools provider CloudMade; QuantumFilm™-based image sensor vendor InVisage; open source online video platform Kaltura; online authentication provider SecureKey Technologies; and unified communications and collaboration service software provider VisionOSS Solutions.
“As more devices compute and connect to the Internet, it creates an opportunity to deliver new end-user capabilities by supporting the development of mobile infrastructure, applications, services and components for Intel® architecture-based platforms”
The six companies each have developed innovative technologies to enhance the user experience across a continuum of devices, including handhelds, tablets and laptops, that run a variety of operating systems including MeeGo and Android*.
“As more devices compute and connect to the Internet, it creates an opportunity to deliver new end-user capabilities by supporting the development of mobile infrastructure, applications, services and components for Intel® architecture-based platforms,” said Arvind Sodhani, president, Intel Capital and executive vice president, Intel. “These six investments represent key growth areas of the mobile ecosystem and will contribute to bringing important features to the next generation of mobile devices.”
“These Intel Capital investments represent innovative companies that Intel is working with to help advance our mobile platform initiatives across smart device segments including handheld, tablet and notebook businesses,” said Anand Chandrasekher, Intel senior vice president and general manager of the company’s Ultra Mobile Group. “The investments, coupled with Intel’s expanding set of capabilities in silicon, software and communications, will help the company accelerate plans across a variety of smart devices and market segments.”
Details on the new investments follow:
Borqs Ltd. (Borqs) (Beijing) is an Android software integrator for mobile devices. The company works with name-brand smart phone OEMs, semi-conductor companies, and mobile operators to enhance the Android system to meet their requirements. With expertise ranging from kernel, device-level drivers to top-level user interfaces, Borqs Android solution has been deployed in more than 30 Android mobile devices for W-CDMA networks and TD-SCDMA networks. Borqs Android solution is Google CTS compliant. The investment from Intel Capital, subject to the satisfaction of closing conditions, aligns with Intel’s port of choice strategy to support multiple operating systems across a variety of devices and will be used by the company for business development.
CloudMade (Menlo Park, Calif.) was founded in 2007 to enable developers to build location-enabled applications and services. The company provides application developers with a range of innovative tools and application programming interfaces to enable the creation of unique location-based applications across all major web and mobile platforms. Today there are more than 16,000 developers using CloudMade's tools to create applications for mobile and Web consumers. The investment from Intel Capital will be used to further strengthen the platform and to work with developers to provide them with an unparalleled suite of tools designed for their specific needs. CloudMade will be certified under the Intel’s AppUp™ application store.
Kaltura (New York) provides a widely adopted open source online video platform. More than 100,000 media and entertainment companies, enterprises, small- and medium-size businesses, educational institutions, service providers, platform vendors and system integrators use Kaltura’s flexible platform to enhance their websites, Web services and Web platforms with advanced customized rich-media functionalities that are delivered through any connected device. Kaltura’s features and products enable the easy deployment of custom workflows involving video, photo and audio creation, ingestion, publishing, management, distribution, engagement, monetization and analysis. The investment will be used to enhance rich-media functionalities on tablets, mobile phones and other connected devices, with a special emphasis on supporting the MeeGo™ mobile operating system and Intel’s AppUp application store.
InVisage Technologies, Inc. (Menlo Park, Calif.) is harnessing the power of custom-designed semiconductor materials to develop QuantumFilm, the world’s first commercial quantum dot-based material for image sensors. QuantumFilm replaces silicon as the light capture material to enable high-fidelity, high-resolution images from such handheld devices as camera phones and digital cameras. Imaging is becoming an increasingly important capability across notebooks, handhelds and tablets. InVisage will use this funding round -- led by Intel Capital -- to bring its products and technology into mass production.
SecureKey Technologies, Inc. (Toronto) designs hardware and software solutions to enable the strong cryptographic capabilities of debit, credit and identity smartcards -- including those within Near Field Communication-based phones -- for online authentication and online purchases. SecureKey's solutions provide a powerful user experience that can be delivered across platforms improving both the security and convenience of online transactions. The company’s focus on secure transactions aligns with Intel’s vision of security as a key pillar of computing across all platforms, as more peoples’ lives are conducted online. The investment will be used to drive growth and expansion.
VisionOSS Solutions (Reading, UK) provides a unified communications and collaboration (UC&C) service delivery and management platform to service providers and large enterprise customers that are planning to, or have already launched, complex, multi-cluster IP-PBX and UC&C architectures. The VOSS technology is a real-time, fully automated, scalable and centralized UC&C service delivery and management platform, which reduces complexity, speeds implementation, and cuts costs for the fulfillment of UC&C services. VOSS will use the new funds to fuel its growth, and to support the evolution of its technology which has already been deployed in a significant number of tier-one service providers.
About Intel Capital
Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$9.8 billion in over 1,100 companies in 48 countries. In that timeframe, 189 portfolio companies have gone public on various exchanges around the world and 258 were acquired or participated in a merger. In 2010, Intel Capital invested US$327 million in 119 investments with approximately 44 percent of funds invested outside the U.S. and Canada. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.
Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.
* Other names and brands may be claimed as the property of others.

Contacts

Intel Capital
Amy Kircos, 480-552-8803
Amy.Kircos@intel.com
Maria Cubeta, 415-591-4070
Maria.Cubeta@bm.com
Permalink: http://www.businesswire.com/news/home/20110214006013/en/Intel-Capital-Investments-Expand-Mobile-Ecosystem


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