cMoney global mobile phone-based payments and money transfers utilizes secure patent pending technology for mobile phone users, retailers, and financial institutions, and announced the latest developments with regard to the completion of our beta product and the finalization of the pending patents. The cMoney beta product is an essential tool to showcase our technology to investors, potential strategic partners, or to form a trust relationship/alliance, with a major industry leader. The cMoney beta product reveals to interested parties; like our previously announced partnership with IBM, that cMoney is a major player and has a working product available to both the prospective partners and to the customers.
cMoney global mobile phone-based payments and money transfers, while using the POS and ATM payment systems, released its latest on its beta product and the finalization of the pending patents. Showcasing its technology to investors, potential strategic partners, or to form a trust relationship/alliance, with a major industry leader, the cMoney beta product received a new round of funding. Major technology leaders have expressed a great deal of interest in the original beta product and were even more excited about the concept of an advanced application. cMoney has contracted with a major international technology developer, to help design and assist in the deployment of the cMoney product. The transaction systems and methods for mobile telephone devices will allow a mobile telephone to participate in payment transactions in a manner that helps prevent identify theft; and without relying on transferring amounts to/from one stored value account to another. The payment application, when executed on the mobile telephone, allows the individual to initiate a payment transaction using the mobile telephone as the payment device in order to incur a charge to a selected payment account without revealing the account number associated with the selected payment account.
William Watson has been promoted CEO from CFO with C$ cMoney mobile phone-based payment and money transfer technologies. With this, Watson will oversee the strategic direction of cMoney, work with the board of directors and act as the official corporate spokesperson. A seasoned executive with 20 years of experience providing executive management and leadership to public and private telecommunications and mobile technology companies, Watson will assume his new role immediately. TX-based C$ cMoney allows users to send money and pay for goods and services using a mobile phone and the text messaging system.
cMoney has announced Dr. Larry B. Wilson and Melvin Tekell have joined
its board of directors. Dr. Wilson joins the C$ cMoney board to
contribute his knowledge in complex contracting and cash flow management
across diverse operations to the company. His experience in negotiating
acquisitions will be especially important as C$ cMoney continues to
acquire payments-related companies. Tekell also brings extensive business
management experience to the board of directors of C$ cMoney, including
expertise in financing, negotiating complex contracts and managing
cMoney mobile technology company has received a commitment of $100 million in funding from AGS Capital Group to support company expansion and launch of “C$ cMoney” mplatform for financial services. The “C$ cMoney” mobile payment platform enables consumers to send money or pay for goods and services through mobile phones anywhere that cash, checks or credit cards are accepted using technologies to eliminate exposure to identity and credit card theft. It also allows an individual to establish a financial profile to enact the seamless transfer of funds between multiple accounts at various financial institutions across the U.S., and eventually the world. The company is currently in talks with select national and regional banks who are interested in offering the product directly to their customers.
William Watson has been appointed COO for the TX-based cMoney mobile technology company. Bringing with him 20 years’ experience of, Watson will oversee the everyday operations and functions of C$ cMoney, resolving any issues that may arise and ensuring the system-wide implementation of the companyâs policies and procedures. He is well versed in executive management and leadership for Neupara Corporation and International Mobile Communications, focused on telecommunications and mobile technology services. With Neupara, Watson managed global sales, business development, operations, network design and construction, identifying technology partners, and device/chip set development. He was responsible for winning $30 million in contracts for project management and software development services with international mobile carriers Sprint, AT&T, S2M, Telephonica, BellSouth International, SK Telesis, KT Telecomm and Pixtree.
Having completed its merger with Bonfire Productions, C$ cMoney has named a new executive management team. With this, Lawrence Krasner is to serve as president and CEO. A veteran of the financial services industry, Krasner brings with him over 23 years’ experience to the company. In his new role, he will oversee the strategic direction of C$ cMoney, working in tandem with the Board of Directors and acting as the official spokesperson. Krasner managed the development of a multi-billion dollar capital markets integration program for a global investment bankâs private wealth management group in his previous role with CSC Consulting. He also served as senior vp and group head of an internal projects team with Lehman Brothers, managing a portfolio of global strategic initiatives.
TX-based Mobile technology developer C$ cMoney has acquired majority stock ownership of Bonfire Productions, Inc. The previously announced intention of C$ cMoney to merge with Bonfire is currently pending. Bonfire will continue to be a legally independent and publicly listed stock corporation until such time as the merger is complete.
C$ cMoney has developed a new and innovative way to send money and pay for goods and services using a cell phone. The mobile application, scheduled to launch this summer, will enable consumers to download and use it with virtually any mobile device, and will eliminate identity and credit card theft. Terms of the transaction were not disclosed.
TX-based mobile technology provider C$ cMoney has signed a definitive
merger agreement with Bonfire Productions. The combined companies will
operate under the C$ cMoney name with the corporate headquarters in Houston.
C$ cMoney has developed a new and innovative way to send money and pay
for goods and services using a cell phone. Furthermore, using the C$
cMoney application will eliminate identity and credit card theft. When
it is released later this spring, the C$ cMoney mobile application will
enable consumers to download and use it with virtually any mobile device.
In March of this year, C$ cMoney, Inc. received $15 million in funding
from Kodiak Capital Group, LLC of New York City.
C$ cMoney and US Dataworks have forged a strategic alliance for shared technology and support of the upcoming product launch of the C$ cMoney mobile payment application. The agreement was negotiated on behalf of C$ cMoneyâs by its investment banker of Pythagoras Group. Terms of the strategic alliance agreement were not released other than C$ cMoney agreed to pay an upfront payment for a license and a warrant position. This partnership is also to create vertical synergies. TX-based C$ cMoney allows users to send money and pay for goods and services using a cell phone and the text messaging system while eliminating the risk of identity and credit card theft. It can be used anywhere that cash, checks or credit cards are accepted.
TX-based C$ cMoney mobile technology company has received $15 million in funding from Kodiak Capital Group. The investment is expected to support the expansion of the company as well as the launch this summer of C$ cMoney mobile payments. C$ cMoneyâs new mobile payment platform through cell phones and text messaging will enable consumers to send money or pay for goods and services anywhere that cash, checks or credit cards are accepted. The revolutionary technology will feature a significantly improved personal security system that eliminates exposure to identity theft. C$ cMoney operations will employ more than 160 employees with an additional 80 to 100 regional marketing personnel and marketing representatives.