Cellular connectivity has become a very popular option for POS terminals and was incorporated in 52 percent of the devices shipped in 2023. The wireless technology has an important role in facilitating the global adoption of electronic payments, as it enables the rollout of POS terminals to many new market segments and parts of the world where the fixed line telecommunications infrastructure is less developed.

The installed base of cellular POS terminals reached 137.8 million in 2023.

Berg Insight forecasts a CAGR of 8.2 percent between 2023 and 2027, resulting in a total of 188.9 million cellular POS terminals at the end of the forecast period.

Berg Insight projects at the same time that the global installed base of NFC-ready POS terminals will grow at a compound annual growth rate (CAGR) of 7.8 percent from 235.1 million units in 2023 to 317.9 million units in 2027. As a result, more than 95 percent of the world’s POS terminals will be NFC-ready in 2027, up from 85 percent in 2023.

Johan Fagerberg, Principal Analyst at Berg Insight, said:

“The Android POS terminal category has become very popular lately. About a third of the POS terminals sold in 2023 were Android POS terminals.”

The mPOS terminal market is growing at about the same rate as the traditional POS terminal segment. mPOS is the use of consumer-oriented mobile devices such as tablets and smartphones that function as a point-of-sale terminal to facilitate payment card transactions through a connection to a card-accepting reader. The global installed base of mPOS terminals totalled an estimated 109.9 million units in 2023. The installed base of NFC-ready mPOS terminals grew to 79.1 million units during the same year as NFC penetration reached 72 percent worldwide. Berg Insight projects that the installed base of NFC-ready mPOS terminals will grow at a CAGR of 12.3 percent between 2023 and 2027 to reach 125.9 million units worldwide. This corresponds to a penetration rate of 88 percent in 2027.

“Today, the mPOS device segment has also started to face competition from SoftPOS solutions. SoftPOS technology allows businesses to accept payments via a standard iOS or Android device”, concluded Mr. Fagerberg.

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New NXP mWallet 2GO secure service enables Montblanc’s TWIN smart strap.

NXP Semiconductors N.V. in collaboration with Mastercard, and Visa today announced the launch of its new mWallet 2GO, a white label wallet service developed on the NXP Secure Service 2GO Platform.

With the new service, NXP is first in the industry to offer the full scope of mobile wallet development in one solution including leading hardware technology, surrounding software and ecosystem integration. The payment solution is designed to ease development, reduce cost, and accelerate time-to-market for OEMs (Original Equipment Manufacturers) to add mobile payment capability to any wearable, mobile or IoT (Internet-of-Things) device.

Montblanc, the German manufacturer of luxury writing instruments, watches, jewelry and leather goods, is the first company to launch its own mobile wallet solution based on mWallet 2GO for its new TWIN smart strap.

“Montblanc’s heritage of sophistication and craftsmanship remains true with the introduction of the TWIN smart strap,” said Dr. Felix Obschonka, Director for New Technologies at Montblanc.

“In this new stylish, smart strap, we’ve combined high-end materials with the most advanced technologies on the market to bring our customers easy, secure payment capabilities for their beloved watches – so they can delight in fashion and convenience while at the same time don’t miss out on digital use cases.”

“mWallet 2GO extends our market-leading silicon offering to a truly full service and system solution for mobile payment. Following the announcement of MIFARE 2GO, this once again proves how NXP is at the forefront of transforming whole ecosystems,” said Rafael Sotomayor, senior vice president of secure transactions and identification solutions at NXP. “The company’s success in mobile payment implementations around the world validates NXP’s position to pave the way for new exciting secure payment devices to market.”

This first true end-to-end solution integrates NXP’s advanced technologies including Near Field Communications (NFC), Secure Element (SE), NFC middleware, SE JavaCard operating system, SE applets, SEMS (Secure Element Management Service), wallet application and software developer kit (SDK), wallet server and MDES (Mastercard Digital Enablement Service) and VTS (Visa Token Service) tokenization platforms, to offer OEMs a pre-certified and validated turnkey solution.

“We are very pleased to have NXP as our latest partner in the space of connected consumer devices, which will result in simpler, more secure and convenient ways to pay for every shopper, while enabling issuing banks to further differentiate their product offerings,” said Paolo Battiston, Executive Vice President, Digital Payments and Labs for Europe at Mastercard. “Mastercard teamed up with NXP to provide a simple and better way to ensure security with the NXP Loader Service, and we anticipate a similar traction with mWallet 2GO.”

“As commerce expands from PC’s, smartphones and tablets to connected endpoints of all shapes and sizes, having both the partner network and the right technology in place are fundamental to delivering great experiences,” said Matt Dill, senior vice president, global products and solutions, Visa Inc. “Through the work NXP is doing, consumers will ultimately have even more ways to pay that are fast, secure and convenient to their daily lives.”

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New Payment Cards with Electronics Provide Unprecedented Levels of Functionality; Product Wins Best of Innovation Award at CES 2018.

Dynamics Inc. and Sprint, a wholly owned subsidiary of SoftBank, today at the 2018 Consumer Electronics Show unveiled the first battery-powered, “connected” payment card.

Wallet Card™ is the world’s first connected, secure payment card. The Consumer Technology Association (CTA) recognized Sprint with four CES Innovation awards including the Best of Innovation Award for Security Technologies. It was an honoree for Computers, Embedded Technologies, and Technologies for a Better World.

Sprint is providing IoT technology, support and expertise to the initiative – in addition to being the first telecommunications entity to power the card.

Key Wallet Card benefits

• Fastest data breach response and replacement – If a data compromise occurs at a merchant, the bank can instantly delete the compromised card account number and replace it immediately with a new card and new account number. This provides peace of mind and reduced fraud risk for the consumer with a new card.
• Multiple cards in one – With the Wallet Card, consumers can access their debit, credit, pre-paid, multicurrency, one-time use, or loyalty cards on a single card with the tap of a button.
• Anywhere distribution – Wallet Card is the first instant, digital card platform. Banks can distribute Wallet Card anywhere and at any time – such as in their retail branches, during events or even in-flight and consumers can activate it immediately. Card information can then be downloaded through a secure, over-the-air cellular connection.
• Rapid card replacement – Each year, hundreds of millions of consumers lose their card or have it stolen. With regional Wallet Card fulfillment, a new card can be couriered directly to the consumer within hours. The consumer can then instantly restore their wallet by downloading their cards.
• Tighter connections between consumers, issuers and retailers – Messages can be sent to the Wallet Card at any time. For example, after every purchase, a message may be sent to notify the consumer of the purchase and their remaining balance if they used a debit or loyalty card. Consumers can also opt-in to receive coupons directly on their cards or be notified of a suspicious purchase and click on “not me” to have a fraud alert set and new card number issued. In another example, a coupon may be sent to the consumer.

The Technology Behind Wallet Card

Dynamics’ Wallet Card is a full telecommunications platform in the same size and shape as a normal credit or debit card. The Wallet Card is the first IoT Card from Dynamics. With almost 200 internal components, this Internet of Things device incorporates a number of cutting-edge technologies including:

• A cell phone chip and cell phone antenna so data can be transferred between Wallet Card and the bank virtually anywhere in the world and at any time of the day.
• A battery and organic recharging chip so that the card charges itself through normal operation. Wallet Card can last indefinitely without the need for the consumer to perform any physical action.
• A card-programmable magnetic stripe, card-programmable EMV chip, and a card-programmable contactless chip. At any time a new card profile can be downloaded to the card so that when that card is selected, the card’s magnetic stripe, EMV, and contactless data is written to the associated components.
• A 65,000 pixel display and user interface so that a cardholder can change between different cards and informational screens.

“We’re humbled to receive this prestigious award from CES and excited at the personal connection our technology made with this best-in-class judging panel,” said Jeffrey Mullen, CEO of Dynamics Inc. “This is just the beginning. Wallet Card is poised to redefine the way consumers and businesses think of credit cards and enable a close, more secure connection.”

Jan Geldmacher, president of Sprint Business, said:

“With the powerful combination of our unrivaled wireless network spectrum resources; radical IoT technologies from within Sprint and our SoftBank group of companies; and our dedication to creating integrated ecosystems – Sprint is at the IoT forefront, demonstrated by our support of Dynamics and the Wallet Card.”

“With humans and machines becoming increasingly connected into the future, the Wallet Card is a groundbreaking example of how important converged networks and advanced integrated technology will be for the lives of everyday people across the globe. We’re excited to be taking part in helping this all come to life.”

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u-blox modules provide accurate positioning across various conditions, Wi-Fi and Bluetooth and high speed 4G connectivity with 3G fallback.

u-blox, today announced its technology is powering a new smart bus solution from Baoruh Electronic in Taiwan which combines LTE-based telematics and Automated Fare Collection (AFC) for intelligent fleet management.

The new POS One smart bus solution uses the NEO-M8U positioning module from u-blox for enhanced positioning accuracy thanks to acceleration and gyroscope sensors incorporated in this module. A TOBY-L280 cellular module transmits vehicle telematics and on-board payment transactions over a high speed LTE connection to back systems. An ELLA-W131 module provides additional Wi-Fi and Bluetooth connectivity for ease of access to vehicle data logs and video recordings.

“We chose u-blox because of its industry leading performance, automotive grade design, and reliability,” says James Chung, President of Baoruh Electronic.

“Using their modules we were able to offer a total smart bus solution featuring accurate positioning combined with a reliable, low latency connection for payment processing and vehicle telematics.”

The NEO-M8U GNSS and Untethered Dead Reckoning (UDR) module used by Baoruh’s new solution enables accurate positioning even without a clear sky view, such as in urban canyons, underground parking or tunnels, by using integrated three dimensional inertial sensors to complement GNSS positioning data.

The TOBY-L280 LTE module used for communications with fleet management and payment systems provides ultra-fast 150 Mbps 4G speeds with 3G fallback. The high speed connectivity not only gives fast and reliable payment processing but can be used for video streaming from interior or exterior vehicle cameras.

An ELLA-W131 multiradio module provides Wi-Fi as well as Bluetooth connectivity. Simultaneous client and access point operation is supported, allowing the module to act as a wireless hotspot and at the same time be connected as a client to another Wi-Fi access point.

“This collaboration with Baoruh Electronic shows illustrates how we provide core technology for advanced IoT solutions by combining u-blox’s positioning and wireless modules,” said Ming Chiang, Country Manager, u-blox Taiwan. “We look forward to continuing our collaboration as they expand their vehicle telematics product line.”

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Makers of Wearables and Cars Can Now Easily Embed Secure Visa Payments.

Mobile World Congress 2016 – Visa Inc., today announced that it is expanding its Visa Ready program to include Internet of Things (IoT) companies, such as manufacturers of wearables, automobiles, appliances, public transportation services, clothing and almost any other connected device. Emerging IoT companies will join mobile device manufacturers, including mobile point-of-sale acceptance (mPOS) providers, mobile NFC-enabled device manufacturers and other technology partners in the Visa Ready Program.

The Visa Ready Program gives companies one seamless path to integrate secure payments into their products and services. Visa Ready partners receive access to industry best practices, tools and resources, and Visa’s Digital Enablement Program (VDEP), which includes streamlined access to Visa Token Service (VTS). The Visa Token Service, an innovative security technology, allows secure mobile and digital payments anywhere there is an Internet connection.

The first IoT companies to join the Visa Ready Program will focus on payments for wearables and automobiles. Initial Visa Ready partners include Accenture, Coin, Giesecke & Devrient, Fit Pay, and Samsung, who will work with device manufacturers including Chronos and Pebble, to help embed secure payments in consumer devices and have those devices certified as Visa Ready.

Mobile technology is accelerating the pace of change in the payments industry, helping open up new possibilities for a generation of consumers who increasingly rely on connected devices to manage their money, shop, pay and get paid. The number of IoT enabled devices is expected to reach 50 billion by 2020 according to Cisco, providing a huge opportunity for secure payments to be a feature in just about any form factor.

“More and more, consumers are relying on smart appliances and connected devices to make their lives easier,” said Jim McCarthy, executive vice president of innovation and strategic partnerships at Visa Inc.

“By adding payments to these devices, we are turning virtually any Internet connection into a commerce experience – making secure payments seamless, and ultimately more accessible, to merchants and consumers.”

Visa Ready Program for IoT

The Visa Ready Program is a commercial program designed to provide innovators with a path to help ensure that devices, software and solutions can initiate or accept Visa payments. It also provides a framework for collaboration with Visa, as well as guidance and best practices to access the power of the Visa network. Mobile point-of-sale acceptance (mPOS) providers, mobile NFC-enabled device manufacturers, and chip and platform providers are already playing a critical role in enabling new ways to pay and benefiting from the Visa Ready Program.

The Visa Ready Program for IoT will also enable device manufacturers to evaluate, develop and potentially adopt new payment methods that are already approved by Visa, and can help financial institutions and merchants drive growth by expanding the use and acceptance of electronic payments globally.

Visa Token Service

As part of the Visa Ready Program, all participants will use the Visa Token Service (VTS) security technology that replaces sensitive payment account information found on payment cards, such as the 16-digit account number, with a unique digital identifier that can be used to process payments without exposing actual account details.

Visa Partner Quotes:

Visa’s partners around the world are sharing their views on Visa Ready program for IoT manufacturers:

• “This is the type of secure, frictionless payment enabler that we are looking to include in commercial solutions as clients start experimenting with how best to take advantage of the IoT,” said Anand Swaminathan, managing director of growth & strategy, Accenture Digital. “We lead a range of initiatives with contextual commerce capabilities that could integrate Visa Token Services. We are looking forward to seeing where else Visa Token Services will help make IoT-enabled payments easier for customers across any number of situations.”
• “Chronos is focused on bringing the very best of today’s technology to the items you already wear; creating seamless devices by distilling functionality and technology only to those that provide meaningful interactions,” said Luke Fromowitz, co-founder and CTO, Chronos. “Chronos believes payment on the wrist is one of those interactions; there is no quicker or more convenient method for payment than tapping your Chronos powered watch at the register. Partnering with Coin and Visa has allowed us to quickly bring this technology to the Chronos platform and help push the standard of payment processes into the future.”
• “Coin is excited to be a Visa strategic partner in bringing secure payments to IoT devices. We’re giving wearables makers like Chronos, enabled by Coin, a seamless solution to integrate payment functionality,” said Kanishk Parashar, CEO and co-founder of Coin. “Our partnership with Visa is significant because of how it enables payment functionality on everyday devices. This is a big opportunity for the rapidly growing wearables market, projected to reach $53 billion in sales by 2019**.”
• “Visa Ready is about opening secure, convenient payment capabilities to a wider range of products and enhancing the overall user experience,” said Michael Orlando, co-founder and chief executive officer of Fit Pay Inc., which has developed a payment platform services for wearable devices. “Integrating our wearable payment platform with the world’s largest card network is a critical step to bringing contactless payment capabilities to a whole new generation of IoT devices, including Pagaré – a payment smart strap we have developed for the Pebble Time.”
• “The growing IoT market, particularly wearables, needs secure transactions and connectivity. G&D secures mobile life in the connected society,” noted Axel Deininger, senior vice president and head of the enterprise security OEM division at Giesecke & Devrient. “We are pleased to work with Visa on their new program.”
• “We’re thrilled to be one of the first smartwatch makers in the Visa Ready Program,” said Eric Migicovsky, founder and chief executive officer of Pebble. “More than ever, today’s consumers value products that make their lives easier. Having the ability to make secure payments directly from your wrist is convenient and a great example of how a smartwatch can be helpful in your everyday life.”

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Famed Designer Adam Selman, Capital One, GM, Nymi, Qualcomm, Ringly and TrackR Among First to Join. MasterCard will showcase prototypes with launch partners at Money 20/20.

MasterCard today introduced a new program that will bring MasterCard payments to a wide array of consumer products across the automotive, fashion, technology, wearables, and yet to be imagined categories. The program gives consumers the freedom to shop using the device or thing that is most convenient to them, with the highest level of security available.

The program will launch with the support of several marquee partners across multiple verticals to fit every lifestyle need. Designer to the stars Adam Selman, automaker General Motors, wearable technology innovator Nymi, smart jewelry company Ringly, and Bluetooth locator TrackR are among the prominent consumer brands enabling their products through the program.

Exclusive designs from Adam Selman and prototypes from GM (key fob), Nymi (wristband) and Ringly (ring), will be on display at the Money 20/20 conference in Las Vegas this week and are showcased in this video.

The Internet of Things (IoT) – the hyper-connected world where every device from the phone to the washing machine will be connected to the Internet – is transforming the way consumers interact and transact. According to Cisco, there will be 50 billion connected devices by 2020. MasterCard is establishing the program as the foundation to enable payments for IoT.

The program is an extension of the MasterCard Digital Enablement Service (MDES) and the Digital Enablement Express (Express) program, and brings to fruition the vision that every device will be a commerce device. Through MDES and Express, any accessory, wearable or device can be payment-enabled and quickly scaled to millions of MasterCard accounts.

“As more and more ‘things’ become connected, consumers will have endless possibilities when it comes to how they pay, and will need all of their devices to work seamlessly together,” said Ed McLaughlin, Chief Emerging Payments Officer at MasterCard.

“This program eliminates the boundaries of how we pay by delivering a secure digital payment experience to virtually anything – rings, fitness and smart bands, car key fobs, apparel, and whatever comes along next.”

Technology and Issuer Partners

As part of the program, MasterCard worked with NXP and Qualcomm Incorporated to develop technology that makes it simple to enable secure payments on virtually any device or accessory.

Capital One is the first issuer to embrace the program and will leverage Express, enabling them to expand to a whole new category of devices. The Capital One Wallet will authenticate the users to provide strong security for provisioning and managing tokens. It also includes enhanced real time transaction notifications identifying the device used in each transaction. Capital One is one of many issuers with tens of millions of MasterCard credit and debit accounts already participating in MDES.

The launch of the program puts in place a standard for expanding secure contactless and embedded payment options globally. Products will begin rolling out in 2016 in the U.S., with plans to expand to other markets.

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Contactless Mobile Payments NFC, iWallet & Host Card Emulation 2014-2018, a report from Juniper Research found out that the number of consumers who are making payments using their mobile handset has been steadily growing in number. According to this report, the number could possibly reach 300 million worldwide by 2017 from 110 million mobile users using this method of payment from last year’s data. The adoption of mobile contactless payment has been around for quite some time, however this has been further accelerated due to the increasing roll-out of contactless cards accompanied by growth in the use of contactless point-of-sale terminals.

Payment systems using Point-of-sale terminals take up to 90 percent of M2M connections globally as developers and manufacturers of POS terminals has leveraged wireless connectivity quite well to create more efficient payment systems. However, this recent development of contactless payment has created quite a stir among consumers, especially Apple’s launch of iWallet looming large on the horizon. Indeed it has created renewed interest in this area for consumers and businesses alike.

How does this affect the M2M market then? ABI Research forecasts that by 2016, 85 percent of POS terminals that are shipped globally are contactless payment-enabled devices, driven by this trend and the rapid adoption of NFC-capable phones. Although it does not create so much of a change per se, as far as the use of M2M technology on POS terminals. However, it may impact the market in holistically.

Contactless payment can alter the retail market quite significantly. Craig Foster, Senior Analyst said that Contactless has the potential to change the way we pay for goods completely, significantly reducing time spent queuing at the point of sale. And it can do the same for the vending industry as contactless payment can increase speed the check-out of goods. Its simplicity also goes hand in hand with the very gist of using vending machines, which is to provide goods conveniently and fast. Plus the fact that transactions that are less than $25 do not necessarily need PIN authentication or signature. This makes it very appealing to vending machine manufacturers and operators.

And yet the whole retail process can still be changed and further enhanced by M2M technology, says Clovis Lacerda, Head and CEO of LeadingQuest and Parlacom, one of the major providers of M2M in Brazil that also offers wireless M2M solutions for POS payment systems. He believes that POS is just one example of bringing wireless connectivity into the retail world and our daily transactions. M2M technology integrated with NFC-enabled terminals and smartphones can inspire a series of positive changes in the way consumer’s handle payment transactions. Contactless payment will provide more flexibility in this area, while M2M can provide security and ease in conducting these transactions.

The post How the Current Payment Systems Affects the M2M Market appeared first on IoT Business News.

Telit HE910 Cellular and Jupiter SL869 advanced GNSS receiver modules integrated into Fareway Plus platform allow taxi drivers and passengers to complete fare payment quickly and easily.

Telit Wireless Solutions, a global provider of high-quality machine-to-machine (M2M) solutions, products and services and Sydney, Australia based Cabcharge Australia Ltd, a financial services provider for the Taxi industry, today announced that Telit’s HE910 Series 3G cellular and Jupiter SL869 satellite positioning receiver modules are to integrate Cabcharge’s Fareway Plus, an innovative and powerful payment and application platform developed to meet the stringent requirements and rigors of the Taxi industry in the Australian and global markets. It is the product’s second generation to be based on Telit Technology.

Cabcharge is to apply the Fareway Plus platform for Taxi metering and fare payments in Australian taxis. Along with support to the new and emerging Near Field Communication (NFC) card processing technology the platform also provides detailed information about the fare including travel routes, automated toll calculation and addition to meter fare, online and offline processing of payments and receipt printing, making it a world-leading device in its class. The product is based on an ARM Cortex – A8 processor capable of hosting Linux or Android as operating system. Fareway Plus is a multi-application system with or without the Android. The system supports download of operating systems, applications, configuration, and debugging services over the air, so that vehicles on the road are not required to come into service depots for these essential updates.

The HE910 module integrated into the Fareway Plus is a member of Telit’s flagship xE910 family, a compact 28.2 x 28.2 x 2.2 mm LGA form factor. The xE910 comprises 2G, 3G and 4G products in GSM/GPRS|UMTS|LTE and CDMA|EV-DO technologies, all sharing a common form factor as well as electrical and programing interfaces which allow developers like Cabcharge to implement a “design once, use anywhere” strategy. The xE910 family is also available with optional m2mAIR global mobile connectivity.

The other Telit component in Fareway Plus is the Jupiter SL869, a multi-constellation positioning receiver module featuring dead-reckoning and TRAIM support for enhanced navigation, tracking and timing applications. The SL869 also offers seamless integration with Telit cellular modules like the HE910. The xL869 is Telit’s GNSS unified form factor family which allows customers to select models supporting different feature sets and positioning technologies. Modules in this family are offered in a 16 x 12.2 mm, 24-pad, LGA package supporting GPS, Glonass, Galileo, and QZSS constellations.

Peter Kelly, Engineering Manager at Cabcharge Australia:

“Cabcharge relies on Telit to provide reliable communications and positioning for our Fareway Plus platform, ensuring maximum up-time and performance for the vast geographic and demographic environment within Australia.”

“Fareway Plus is the second generation of Cabcharge products to rely on Telit devices. We chose Telit’s HE910 cellular module, and the SL869 GPS receiver because they allow us to move with market trends without falling behind thanks to the Telit roadmap and the consistent footprint of their devices.”

“Cabcharge’s new generation Fareway Plus is a testimonial to the value of Telit’s ONE STOP. ONE SHOP,” said Felix Marchal, Chief Product Officer at Telit Wireless Solutions.

“With the integration of Telit products for both cellular and positioning functionalities Cabcharge was able to reduce application design effort and therefore time-to-market.”

Cabcharge Australia was established in 1976 with the mission to improve convenience and security for passengers and drivers with a nation-wide alternative payment system to cash. Today Cabcharge electronic payment systems are found in approximately 97% of Australian taxis as well as limousines and water taxis.

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World’s first service to securely process both debit and credit card transactions anywhere using standard mobile devices connected to card readers.

HybridPayTech, a division of Freeport Capital Inc. CNSX:FAS) technology leader in the mobile payment space, today announced it has selected Vodafone‘s (NASD:VOD) global machine-to-machine (M2M) platform to provide connectivity for its pioneering mobile payment service.

The service allows businesses to equip mobile employees with smartphones or tablets that can securely process credit and debit card payments globally using Vodafone’s network. This will allow businesses to fully embrace mobile payments for the first time while also introducing new revenue stream and improving the customer payment experience.

HybridPaytech provides the world’s first completely secure, end-to-end mobile payment service that can process both credit and debit card transactions. It is currently the only company to implement adequate security measures to meet the strict criteria of the debit card firms. By allowing businesses to process credit and debit card transactions using standard smartphones and tablets, the market for mobile payments is expected to increase dramatically.

Vodafone will provide global M2M SIM cards, remote device management tools and highly secure, worldwide connectivity for the mobile payment devices.

Massimo Barone, Founder & Chair of HybridPaytech’s Advisory Board, stated:
“The ability to process credit and debit card payments anywhere in the world using a wide variety of standard mobile devices will drastically simplify how companies charge their customers. The fact that we can support both credit and debit cards means the mobile payment market can now really take off. By working with Vodafone we not only benefit from a highly secure, comprehensive global network – we also receive international SIM cards and management tools that make it easy to remotely monitor, repair and update the payment terminals.”

Andrew Morawski, Head of M2M Americas, Vodafone, said:

“M2M is rapidly transforming a wide variety of different industries -and a range of applications from connected cars to smart digital billboards. Companies like HybridPaytech are showing how the technology can also cut the cord on card payments for the first time.”

“This won’t just help mobile businesses – it will give peace of mind to customers who, for example, would rather pay for pizza at the door on a secure card machine rather than sharing details over the phone.”

The fully PCI-DSS compliant service includes mobile applications for Apple, Android, Windows Phone and BlackBerry smartphones and tablets, which can support credit and debit payments through plug and play card-reading equipment. Alternatively, businesses can use standard mobile payment terminals. The encrypted transactions are sent from the mobile device over Vodafone’s network to HybridPaytech’s regional switch, which then authorises the payment through the debit or credit card provider.

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