Atlanta-based Entersekt,has been awarded a U.S. Patent for its mobile-enabled secure transaction authentication software. The patent covers Entersekt’s fully out-of-band transaction verification for its Transakt product.
Entersekt announced Swisscard AECS AG has implemented its mobile application Transakt to enable safer, more user-friendly 3-D Secure protection of online purchases. Swisscard is a joint venture between Credit Suisse AG and American Express. Designed to serve as an added layer of security for e-commerce purchases, 3-D Secure has significantly reduced fraud rates, but has proved unpopular with consumers and merchants owing to the cumbersome user experience of many current implementations. Entersekt’s card-not-present authentication solution reinvents the 3-D Secure user experience by enabling consumers to authenticate purchases through their mobile device with the touch of a button.When shoppers registered for the service initiate a transaction on a 3-D Secure e-commerce web site, they receive a push message on their mobile phone with the payment details. They then choose an “Accept” or “Reject” response.
Calgary-based Wildcard Wireless Solutions has reached agreements
with CardReady International for the sales, support and marketing of its
flagship “TransAKT CDMA” wireless POS terminal in the USA.
CardReady, a U.S. merchant service provider that is sponsored by Key Bank,
will accept and process credit card transactions generated by end users of
“TransAKT” terminals and will also provide front line customer support. In
order to facilitate manufacturing of an initial inventory of “TransAKT”
wireless terminals required for CardReady’s U.S. sales, CardReady has
arranged a US$350,000 financing for Wildcard by way of an inventory secured
loan. In exchange for providing sales, support, and marketing in the USA
for the terminals, CardReady and Wildcard have signed a MOU wherein
CardReady has been granted the exclusive distribution rights within the USA
for the “TransAKT CDMA” wireless terminal and has been designated the
“Merchant Service Provider of Choice.”
Calgary-based Wildcard Wireless Solutions has reached agreements with CardReady International for the sales, support and marketing of its flagship “TransAKT CDMA” wireless POS terminal in the USA. CardReady, a U.S. merchant service provider that is sponsored by Key Bank, will accept and process credit card transactions generated by end users of “TransAKT” terminals and will also provide front line customer support, according to The RAM Report (www.ramreport.com). In order to facilitate manufacturing of an initial inventory of “TransAKT” wireless terminals required for CardReady’s U.S. sales, CardReady has arranged a US$350,000 financing for Wildcard by way of an inventory secured loan. In exchange for providing sales, support, and marketing in the USA for the terminals, CardReady and Wildcard have signed a MOU wherein CardReady has been granted the exclusive distribution rights within the USA for the “TransAKT CDMA” wireless terminal and has been designated the “Merchant Service Provider of Choice.”
Calgary-based Wildcard Wireless Solutions has received Vital Processing
Services’ “Class B” platform certification for both its restaurant and
retail software applications in the USA.. The software applications, which
run seamlessly on Wildcard’s “TransAKT” wireless POS terminals, will allow
the Company to immediately begin marketing its flagship product in the
American marketplace. Wildcard is currently in negotiations with several of
these U.S. merchant acquirers who are interested in marketing and
distributing the company’s “TransAKT” POS terminals.
Alberta-based Wildcard Wireless Solutions has received Vital Processing Services “Class B” platform certification for both its restaurant and retail software applications in the USA. Vital is the commerce connection between acquirers and merchants, processing one out of every four authorized payment transactions in North America.
Wildcard Wireless Solutions Inc., a leading supplier of secure wireless electronic payment solutions, announced it has entered into a licensing agreement with Motorola that allows Wildcard to develop, test and market its TransAKT Wireless Point-of-Sale terminals designed to operate with Motorola iDEN (www.motorola.com/iden) mobile phones in North America.
“The combination of our TransAKT POS solution with feature-rich iDEN phones will allow mobile customers to enjoy unique voice, data and PIN-secured transaction functionality in one small, convenient bundle,” said Dan Pomerleau, President of Wildcard Wireless Solutions Inc. “The dispatch market is a natural fit for our solution, giving mobile workers the ability to easily and securely accept multiple methods of electronic payment.”
The Wildcard TransAKT wireless terminal is an integrated PIN Pad secured Point-of-Sale device that attaches to a mobile phone without impacting its normal operation. TransAKT’s first release is capable of supporting multiple wireless transaction applications including credit, debit, smart card, check authorization transactions, loyalty program cards, Electronic Benefits Transfer (EBT), phone cards and other electronically submitted transactions.
About Wildcard Wireless Solutions Inc.
Wildcard is a leading provider of secure wireless electronic payment and communication solutions that add value at the point of sale for consumers, merchants and acquirers alike. The Company designs, develops and manufactures next-generation mobile wireless solutions for enterprise and consumer markets. Founded in 1997, Wildcard began with the simple concept of building intelligent modular cellular accessories designed to give users increased functionality and freedom without impacting the normal operation of their mobile phone. The Company is well positioned as a growth player in the wireless payment revolution presently underway, developing advanced mobile phone accessories and network-based services to meet the growing demand for secure handheld wireless solutions. Wildcard Wireless Solutions Inc. is trading on the CDN (Canadian Venture Exchange) under the symbol “WDC”. For more information please visit [www.wildcardwireless.com].
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Moneris Solutions Corp., the largest Canadian merchant processing technology company and Wildcard Wireless Solutions Inc. (CDNX:WDC.), a Canadian wireless solution provider announced today that they have entered into a Letter of Intent to form a strategic alliance for deploying and testing Wildcard’s TransAKT(TM) Wireless Point-of-Sale (WPOS) terminal.
Under the agreement, Moneris will support the certification of Wildcard’s wireless payment terminal and will provide payment-processing services. A pilot program is being implemented in several Canadian cities with Domino’s Pizza and Motorola Canada.
“Moneris Solutions is excited about working in partnership with Wildcard Wireless,” said David Brooks, Senior Manager Point-of-Sale Development, Moneris Solutions. “Mobile businesses can now benefit from a cost-effective payment solution that brings the POS transaction directly to the customer. And, with its compact, lightweight design, and mobility, our partnership with Wildcard makes POS transactions convenient and easy to use in today’s mobile marketplace. The gap between wired and wireless POS accessibility has narrowed, and we will continue to strive to meet the growing needs of consumers and mobile merchants alike.”
“We are delighted to have Moneris Solutions as a business partner,” said Dan Pomerleau, President, Wildcard Wireless. “Moneris’ reputation as a leading provider of technologically advanced credit and debit card POS solutions complements our primary goal of providing businesses with secure wireless payment and communications solutions. Together, Wildcard and Moneris support the concept of adding value for merchants and customers, by increasing payment functionality and flexibility.”
Upon completion of the certification phase, Moneris will establish individual merchant accounts for Domino’s test outlets and will monitor the activities of individual Wildcard TransAKT(TM) terminals on the Moneris system. In addition, Wildcard and Moneris will consult on the development of WPOS application software for the door-to-door, mobile delivery market.
The Wildcard TransAKT(TM) wireless terminal is an integrated PIN Pad secured POS device that attaches to a cellular phone without impacting its normal operation. TransAKT(TM)’s first release is designed to work with Motorola’s StarTAC(R) and Timeport(TM) family of CDMA mode phones and is capable of supporting multiple wireless transaction applications including credit, debit, smart card, check authorization transactions, loyalty program cards, Electronic Benefits Transfer (EBT), phone cards and other electronically submitted transactions.
“By having our terminal certified through Moneris, we become a wireless payment option for a wide range of merchants already utilizing Moneris’ electronic transaction processing solutions,” remarked Peter MacLean, Senior Vice President, Wildcard. “We look forward to working closely with Moneris as we introduce our wireless POS solutions to the commercial market this fall.”
Wildcard and Moneris will undertake the pilot program with Mad Pizza Company Inc. (Mad Pizza), a major international Domino’s Pizza franchisee that operates 40 Domino’s stores in Canada and 18 stores in the US. Brian Dobb, Mad Pizza’s President remarked, “We are extremely pleased to be partnering with two leaders in the secure electronic transaction industry. We believe Wildcard’s wireless payment solution is exactly what the mobile merchant has been looking for. We anticipate immediate productivity gains through the acceptance of credit and PIN secured debit cards in the field, and future benefits by extending our loyalty and brand awareness programs right to the customer’s doorstep.”
About Wildcard Wireless Solutions Inc.
Wildcard Wireless Solutions Inc. designs, develops and manufactures mobile wireless solutions for enterprise and consumer markets. Wildcard, based in Calgary and Vancouver, began by designing cellular accessories to give users increased functionality and freedom without impacting the normal operation of their cellular phone. Wildcard continues to be well positioned in the wireless revolution presently underway, developing intelligent mobile devices and network-based services to meet the growing demand for handheld wireless applications. www.wildcardwireless.com.
About Moneris Solutions Corp.
Moneris Solutions is a leading Canadian technology company that was formed in December 2000 as a result of a 50:50 joint investment between the Royal Bank of Canada Financial Group and Bank of Montreal. Moneris provides small, medium and large businesses with technologically advanced, easy to use point-of-sale solutions designed to electronically process and authorize credit and debit cards, including loyalty program transactions to streamline and improve business efficiency. In less then a year, Moneris has become Canada’s largest and one of North America’s largest payment processing companies. For more information, please visit www.moneris.com.
About Mad Pizza Company Inc.
Mad Pizza Inc. is the largest Domino’s Pizza franchisee in Canada, and currently operates 58 stores in the US and Canada. Founded in 1960, Domino’s Pizza is the second largest franchise organization in the world and is the recognized world leader in pizza delivery. It operates 6,815 stores throughout the United States and 59 international markets. Domino’s can be found on the Web at www.dominos.com.