Other Breaking News
In today’s CardFlash News Que: SYNCHRONY (Board); ACI (rankings); INGENICO (TrustCommerce); and OINK (Android).
LoopPay
CardWeb.com’s CardData database of Company Profiles today features LoopPay.
LoopPay + Samsung
A major development for Samsung as it agreed to acquire LoopPay. LoopPay is accepted at more merchants than any other digital wallet solution.
Visa invests in LoopPay
LoopPay announced that it has received an investment from Visa, part of a larger strategic funding round for LoopPay. LoopPay invented Magnetic Secure Transmission™ (MST) technology which leverages existing point-of-sale infrastructure to receive contactless payments from mobile devices of all kinds with no hardware changes required by merchants. MST aims to reduce reliance on magnetic stripes to store and transmit cardholder data, and instead uses a secure chip to store and transmit data to existing POS terminals via a small low-cost inductive loop that could be embedded in a variety of devices, including smartphones.LoopPay will also work with card issuers and app developers through its SDK to leverage its platform to enhance consumer commerce experiences via mobile. It also has its own LoopPay app, LoopWallet, to help users store and organize all their payment cards, membership cards, ID cards and rewards cards, helping users carry fewer plastic cards with more convenience and better security than traditional physical wallets.
LoopPay Launches iPhone mPayment Case
LoopPay made available the LoopPay ChargeCase. This iPhone charge case enables secure mobile credit card transactions while extending battery life. The ChargeCase allows consumers to leave their wallets and charging cables behind for the day while gaining the ability to pay with their phones just about everywhere they shop or dine. The mobile payments market is poised for growth, but consumers have not adopted any of the mobile wallet solutions to replace their existing physical wallets due to the inability of previous mobile payment technologies to find wide acceptance at most retail locations. LoopPay technology turns existing magnetic stripe readers at nearly every point-of-sale terminal into contactless payment receivers without any changes to existing merchant infrastructure. The LoopPay ChargeCase is compatible with iPhone 5 and 5s devices and delivers about 60 percent additional power to the standard iPhone battery. Even when the ChargeCase is depleted after transferring charge to extend the phone’s battery, it still has sufficient power to perform more than 100 mobile transactions. T
LoopPay ChargeCase
LoopPay, Inc. announces today the availability of the LoopPay ChargeCase, the world’s first iPhone charge case that enables secure mobile credit card transactions while extending battery life. LoopPay delivers the world’s first mobile payment solution that is accepted almost everywhere, and can effectively replace traditional wallets. The ChargeCase is the second product LoopPay has introduced in four months, with several more products planned for market entry this year. LoopPay invented the world’s first mobile wallet app that allows consumers to securely store all their cards and pay with their Loop Ready devices (accessories, smartphones, smart watches) virtually everywhere.
LoopWallet Android Available as Universally Accepted mPayment App
LoopPay made available its LoopWallet app for Android at the Google Play Store. The free LoopWallet app for Android now significantly expands the number of consumers who can store all their cards on their phones and pay faster at just about anywhere they shop with Loop Ready™ devices. The first Loop Ready device available for Android users is the Loop Fob for $39. Additional Loop Ready devices in different form factors will be released throughout this year. Loop is also working with OEMs to embed its patented technology directly into a variety of products including smartphones and smart watches in 2015. Without the critical mass of merchants accepting NFC or other solutions from barcodes to Bluetooth, users won’t change their habits and leave their plastic cards behind. Loop allows users to securely swipe-in or scan-in all their plastic cards, and to securely transmit mag stripe card data directly to almost every POS system today without any changes to the merchants’ current infrastructure.
ROAM Data Appoints New CEO
ROAM Data an Ingenico company and mCommerce Platform-as-a-Service (PaaS) provider has appointed Ken Paull CEO. Ingenico decided to strengthen ROAM Data’s management team with the appointment of Ken Paull as CEO. Paull, who previously served as the company’s Executive Vice President of Sales and Marketing, will start in his new role effective immediately.
ROAM Data Launches Mobile Software Developer Kit
ROAM Data mcommerce platform introduced its software developer’s kit to simplify integration of card-present mobile payments into applications for iPhones, iPads and Android devices. ROAM’s developer kit supports mobile commerce-based apps development for a range of applications including invoicing, accounting, and retail point-of-sale. The kit includes Roam Card Swipers for development and testing; the ROAMpay Swipe application programming interface for card swiper; the ROAMpay API for ROAM commerce platform; the ROAMpay API for boarding merchants on the ROAM commerce platform; and a Test Account to develop and test applications.
ROAM Data to Expand mCommerce, Funded by Ingenico
Fast growing mobile commerce platform provider ROAM Data receives investment from Ingenico, who upped its stake to a controlling interest to further accelerate ROAM’s growth and leadership in mCommerce ROAM Data, the company behind a vast majority of the encrypted mobile card readers shipped in the past year and the leading mCommerce platform-as-a-service provider, announced…
ROAM Data Launches Secure mCard Reader
ROAM Data encrypted mobile card readers and mCommerce platform-as-a-service provider has launched its “G3X” secure mobile card reader. The “G3X” is ROAM’s third generation mobile reader and supports hundreds of devices, from iOS, Android and Blackberry, to PCs and Macs. This lets Merchant Service Providers compete with the best technology for a whole new segment of mobile merchants and small merchants previously untapped, a market that companies like Square are aggressively pursuing. ROAM has sold more than 400,000 mobile reader units to Intuit, North American Bankcard, Sage Payments, NPC, Total Merchant Services, First Data, Chase Paymentech, Global Payments and others.
ROAM Data Names New Executive VP
Ken Paull has been appointed executive VP with ROAM Data independent mCommerce solutions. Paull brings with him an extensive electronic payments industry experience and will be responsible for all sales, marketing and business development functions at ROAM. His previous roles included senior vice president at RBS Lynk (now WorldPay), vice president at Triton Systems and general manager at VeriFone. During his tenure at these three companies, Lynk was sold to RBS ($525M), Triton was sold to Dover Corp. and VeriFone was sold to Hewlett Packard ($1.2B). He is growing what is now WorldPay’s national accounts division while also growing what had been a declining ATM processing business by 500%. At VeriFone, Ken built their direct, major account division which has become one of the largest segments of their business.