Tuesday, June 28, 2011

Mobile Money Summit: Nice! Orange Preps NFC Expansion

Orange plans to take its French NFC ‘Cityzi’ service nationwide following an initial successful launch in Nice. “This year we will be opening new cities,” said Thierry Barba, director of Ecosystem Development at Orange Group. “20-30 projects have been identified.” Barba used his presentation to highlight how Orange is the first operator to commercially deploy two mobile SIM-based NFC services. The Nice launch in May 2010, using Samsung devices, was followed by a UK launch last month, dubbed ‘Quicktap’, with partner Barclaycard. Barba also noted that this summer the service will become interoperable, with a Quicktap customer in the UK able to use the Nice service. Read More

Singapore’s Largest Taxi Operator Selects VeriFone NFC Payment Solution

ComfortDelGro to Implement VeriFone’s Integrated Taxi Contactless Payment Acceptance Solutions in its Fleet across Country
SAN JOSE, Calif.--(BUSINESS WIRE)--VeriFone Systems, Inc. (NYSE: PAY), today announced a contract to supply 15,600 NFC/contactless payment solutions to ComfortDelGro Corporation Ltd. for its Singapore taxi fleet.
“We’re seeing an increasing demand for contactless solutions across segments such as retailers, banks and mobile operators,” said Zvi Mitlanski, vice president & general manager, VeriFone Asia Pacific. “This is another tremendous competitive win for VeriFone’s integrated NFC/contactless solutions in the region’s taxi segment, following our earlier success with Cabcharge and GM Cabs in Australia.”ComfortDelGro is the largest fleet operator in Singapore with 15,600 taxis and is one of the world's largest land transport companies with a total fleet size of more than 45,600 vehicles. VeriFone’s VX 820 with integrated contactless payment acceptance capability will interface with the in-vehicle Mobile Data Terminals (MDTs) in its entire fleet of taxis.
VeriFone previously supplied a smaller number of NURIT PIN acceptance systems and the new contract will replace those as well as some 10,000 other systems from a competitor. ComfortDelGro selected the VX 820 for its intuitive user interface for passengers and drivers, and its ability to provide integrated contactless solution in a small form factor coupled with the latest PCI PTS 3.0 security to future proof the investment.
“This is in line with the company’s move towards providing a contactless payment option on top of the cashless options that are already available on board our taxis. With the new VeriFone VX 820 payment system, passengers can look forward to more cashless payment options,” said Yang Ban Seng, chief executive officer, ComfortDelGro Taxi Business.
The VX 820 is the PIN acceptance solution in the new VX Evolution product family, which not only provides optional integrated contactless and NFC capabilities but also leading features such as industry firsts - a 3.5” color touch screen, ARM 11 processor and 500 MB memory. The contactless antenna in each system is also ergonomically designed to be under the display screen, with no need for a separate snap-on-reader or add-on peripheral.
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 our taxi contactless payment solution in Singapore, 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.


VeriFone Media Relations
Pete Bartolik, +1-508-283-4112

INSIDE Secure and ZTE Working to Bring NFC Phones to GSM and 3G Networks

AIX-EN-PROVENCE, France--(BUSINESS WIRE)--INSIDE Secure, a leader in semiconductor solutions for secure transactions, today announced it has expanded its partnership with ZTE Corporation to integrate INSIDE’s near field communication (NFC) technology into ZTE’s GSM and next-generation TD-SCDMA smartphone platform, which is based on the Android™ OS. The NFC solution INSIDE and ZTE are creating is based on the INSIDE MicroRead® NFC controller and the companion Open NFC™ protocol stack. It will enable consumers in China and elsewhere to use ZTE 3G smartphones for a broad range of secure NFC applications, including payments, transportation, loyalty, ticketing and access control.
“Both Smartphones and feature phones are essential to our long-term success in the global handset market, and NFC is quickly becoming an important component of these platforms”
”We are very pleased to cooperate with a well-known brand handset maker such as ZTE for NFC deployment worldwide,” said Remy de Tonnac CEO of Inside Secure. “Based on our advanced NFC technology, we believe that we can provide an excellent NFC solution to ZTE in China and globally.”
“Today’s announcement is the latest result of our long-term relationship with ZTE in developing NFC solutions for their handset offerings, which now cover GSM 2G and TD-SCDMA 3G networks,” said Simon Hu, chief representative and general manager, Greater China for INSIDE Secure. “We look forward to strengthening our partnership with ZTE to provide best-of-breed NFC solutions as they develop more high-value handsets and continue to expand their operations throughout China and other regions.”
Now one of the top five handset vendors globally, China’s ZTE Corporation recently indicated that it had sold 90 million handsets in 2010. ZTE has recently started making inroads in Western Europe, where ZTE reported its fastest growth, as well as in Japan and the U.S.
“Both Smartphones and feature phones are essential to our long-term success in the global handset market, and NFC is quickly becoming an important component of these platforms,” said Wang Yongzhong, general manager of GSM and UMTS handset products at ZTE Corporation. “Our ongoing partnership with INSIDE Secure gives us access to mature, proven NFC technologies and superior support that enables us to bring our handsets to market quickly and cost effectively.”
A third-generation product that sets a new standard for ease of integration, the MicroRead NFC controller offers a broad range of NFC options and provides the capacity to implement any secure element, including SIM, SE or SD card, to support any business model.
Winner of the prestigious SESAMES Innovation Award, Open NFC has received significant industry support from a broad array of participants in the NFC ecosystem.
About ZTE
ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every sector of the wireline, wireless, service and terminals markets. The company delivers innovative, custom-made products and services to over 500 operators in more than 140 countries, helping them to meet the changing needs of their customers while achieving continued revenue growth. ZTE’s 2010 revenue led the industry with a 21% increase to USD10.609 billion. ZTE commits 10 percent of its revenue to research and development and takes a leading role in a wide range of international bodies developing emerging telecoms standards. A company with sound corporate social responsibility (CSR) initiatives, ZTE is a member of the UN Global Compact. ZTE is China’s only listed telecom manufacturer, publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn.
About INSIDE Secure
INSIDE Secure is a leading designer, developer and supplier of semiconductors, embedded software and platforms for secure transactions and digital security. INSIDE mobile NFC, secure payment, and digital security products provide security for a wide range of information processing, storage and transmission applications. The company’s customers are found in a wide range of markets including mobile payment, identification documents, access control, transit, electronic device manufacturing, pay television and mobile service operators. As a fabless company, INSIDE shipped nearly 400 million semiconductors in 2010, ranking it among the leaders in most of its markets. For more information visit http://www.insidesecure.com.

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TSYS Announces Agreement with U.S. Bank to Process Corporate Card Payments in Europe

COLUMBUS, Ga. & LONDON--(BUSINESS WIRE)--U.S. Bank and TSYS today announced an agreement for TSYS to provide core processing services to Elavon Financial Services Limited, a subsidiary of U.S. Bank. It will begin issuing corporate cards in Europe this summer.
“U.S. Bank’s decision to work with TSYS in Europe is a testament to the strong relationship that exists in the U.S. and the experience TSYS has gained through our expansion in Europe.”
U.S. Bank will utilise TSYS’ TS2® Commercial Card platform, which currently supports clients across a number of European countries with multiple languages and currencies. TS2 is capable of serving a client's portfolio across more than one continent — a critical advantage for institutions planning rapid, international growth.
“Partnering with a stable and dependable partner like TSYS gives our customers added reassurance of world-class service,” said Alan Gibson, director of European Commercial Payments for Elavon. “This represents an extension of a longstanding relationship that dates back more than 20 years. With TSYS, we have confidence in our ability to follow our customers anywhere they are doing business, around the world.”
“TSYS is one of the leading processors of commercial payments in Europe, now processing in 17 countries across the continent,” said Bob Evans, managing director of Europe, TSYS International. “U.S. Bank’s decision to work with TSYS in Europe is a testament to the strong relationship that exists in the U.S. and the experience TSYS has gained through our expansion in Europe.”
U.S. Bank announced in March 2011 that it would begin issuing corporate cards to European-based employees of its North American multinational customers through Elavon Financial Services Limited, a wholly-owned subsidiary of U.S. Bank parent company U.S. Bancorp.
The main focus for U.S. Bank initially will be to have Elavon issue cards to customers in the UK, Ireland, France, Germany, Spain and Italy. The bank plans to offer settlement options in euros and British pound sterling, and will support its customer language requirements in English, French, German, Italian and Spanish. The cards will meet European technology standards, including full chip and PIN capability.
U.S. Bank is one of TSYS’ longest standing clients, with a relationship dating back to 1989.
About TSYS
TSYS (NYSE: TSS) is reshaping a new era in digital commerce, connecting consumers, merchants, financial institutions, businesses and governments. Through unmatched customer service and industry insight, TSYS creates a better experience for buyers and sellers, supporting cross-border payments in more than 85 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare, installments, money transfer and more, TSYS makes it possible for those in the global marketplace to conduct safe and secure electronic transactions with trust and convenience.
TSYS’ headquarters are located in Columbus, Georgia, with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS provides services to more than half of the top 20 international banks. For more information, please visit us at www.tsys.com.
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $311 billion in assets as of March 31, 2011, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,082 banking offices and 5,238 ATMs in 25 states and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products. Visit U.S. Bancorp on the web at www.usbank.com.


TSYS Media Relations
Cyle Mims, +1-706-644-3110
TSYS Investor Relations
Shawn Roberts, +1-706-644-6081
TSYS International
Victoria Winn, +44.1904.562.577
U.S. Bank
Teri Charest, +1-612-303-0732
Corp. Communications

MasterCard Names Ann Cairns, President, International Markets; Appoints Walt Macnee, Vice Chairman

PURCHASE, N.Y.--(BUSINESS WIRE)--MasterCard Incorporated (NYSE: MA) today announced it has named Ann Cairns, President, International Markets, and appointed Walt Macnee, Vice Chairman, effective August 22, 2011. Both executives will report to Ajay Banga, MasterCard President and Chief Executive Officer.
Cairns brings more than 20 years of experience working in senior management positions across Europe and the U.S., running global retail and investment banking operations.Cairns, most recently Managing Director with Alvarez & Marsal in London and Head of the Financial Industry Services group for Europe, will become President, International Markets, responsible for the management of all markets and customer-related activities outside of the United States. In this role, she will leverage the company’s seamless global structure and presence to the benefit of all stakeholders. Cairns will also become a member of the company’s Executive Committee.
At Alvarez & Marsal, Cairns led the European team managing the estate of Lehman Brothers Holdings International through the Chapter 11 process. Earlier, Cairns was CEO, Transaction Banking at ABN-AMRO in London, where she managed a global business with over 5 billion euros in revenue in 50 countries, covering the commercial, retail and financial institutions segments, and reported to the Group Board and served on the bank's Executive Committee. Prior to joining ABN-AMRO, Cairns spent 15 years with Citigroup in a variety of senior operational roles, including Chief Operating Officer, e-Business, where she led U.S., European and Japanese operations.
Macnee, who has been President, International Markets since 2008, becomes Vice Chairman, responsible for various senior client and government relationships - engaging these important stakeholders on key issues related to the ever-changing payments industry. In addition, Macnee will lead MasterCard’s evolving merchant strategy.
Prior to his role as President, International Markets, Macnee was President of the Americas Region from 2006 to 2007 and was President of MasterCard Canada from 2001 to 2004.
“I’m pleased to announce the appointment of Ann Cairns as President, International Markets,” said Ajay Banga, President and Chief Executive Officer, MasterCard. “Ann is a proven leader with a track record of delivering outstanding results. Her leadership, extensive financial services expertise and global experience will benefit our customers, and bring value to our company.
“Throughout his career with MasterCard, Walt Macnee has made significant contributions to the success and growth of our business,” continued Banga. “Now, as Vice Chairman, Walt’s considerable experience, established relationships and knowledge of global markets will be instrumental as we work to deliver increased value to customers, merchants and governments around the world.”
About MasterCard Incorporated
As a leading global payments company, MasterCard Incorporated 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 160 million transactions per hour, with an average network response time of 130 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.

CIO Magazine Recognizes Discover for Its Rapid Development Data Sourcing Initiative

Annual Award Recognizes Top Technology Innovators
RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) has been recognized by CIO magazine as one of the top 100 innovative organizations that effectively uses information technology to deliver measurable business value.
“This year’s CIO 100 awards draws well-deserved attention to companies that are not only innovating with IT but creating genuine business value as well”
“By successfully deploying the Rapid Development Data Sourcing project, business programs accelerated by about 65 percent, allowing data-driven decisions to be made faster,” said Glenn Schneider, senior vice president and chief information officer at Discover. “The quick availability of data has led us to enhanced decision-making and risk management, increased operational effectiveness and customer satisfaction.”
The selection process for choosing this year's CIO 100 winners included an online application outlining innovative practices in business and technology and a review by CIO magazine editors. This is the fourth time Discover has made the list.
“This year’s CIO 100 awards draws well-deserved attention to companies that are not only innovating with IT but creating genuine business value as well,” said Maryfran Johnson, editor in chief ofCIO magazine & events. “These winning companies and their IT organizations are an inspiration to businesses everywhere.”
About the CIO 100
The recipients of this year's CIO 100 award were selected through a three-step process. First, companies filled out an online application form detailing their innovative IT and business initiatives. Next, a team of judges reviewed the applications in depth, looking for unique practices and substantial results. Finally, CIO editors reviewed the judges' recommendations and voted on the final 100. Complete coverage of the 2011 CIO 100 awards will be online at www.cio.com on Aug. 1, 2011 and in the Aug. 1 issue of CIO magazine.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visit www.discoverfinancial.com.


Jon Drummond, 224-405-1888

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CorFire™ and InComm Partner To Deliver Mobile Commerce Solutions to Merchants

New partnership focused on merchant-branded solutions for promotions, payments and loyalty

ATLANTA--(BUSINESS WIRE)--CorFire, the mobile commerce business of SK C&C USA and the leading innovator and global pioneer of mobile commerce solutions, announced a strategic partnership with InComm, the leader in prepaid products and an innovator in transaction processing. The partners will deploy a mobile commerce platform that will deliver promotion, loyalty, and general payment solutions to national merchants and their customers. Different from other mobile wallet platforms, the solution works within a merchant-branded environment that gives consumers a wallet experience that is tailored to the specific retailer.
“The relationship between InComm and CorFire makes it easier for our merchants to deliver customer value, such as promotions or ‘deals’ that can now be linked to, and redeemed by, individual consumers.”
The unique core of the joint offering is made possible by combining InComm’s direct point of sale (POS) integration with over 225,000 retail doors and CorFire’s long history with mobile commerce platforms in Korea where they currently enable 30 million transactions per day. This foundation enables a transformational approach to mobile commerce where promotions and payments can be securely linked to a consumer and individually processed. When combined with loyalty and gifting, merchants will have a fully functional application that simplifies the consumer’s life. InComm and CorFire will target Phase 1 roll out in Q4 of this year.
“This partnership is a pivotal moment for our industry,” said Brooks Smith, InComm’s CEO. “The relationship between InComm and CorFire makes it easier for our merchants to deliver customer value, such as promotions or ‘deals’ that can now be linked to, and redeemed by, individual consumers.”
“Big brands and national merchants have been asking for a mobile solution that can both tie to a single consumer and scale to millions,” said Keith Smith, President of CorFire. “The CorFire-InComm partnership makes this a practical reality via mobile technologies that focus on the needs of the merchants and their customers.”
Nick Holland, senior analyst at Yankee Group, commented on the partnership, “The partners’ approach to technology will help the merchants deliver additional value to the customer as well as help the industry migrate from existing magnetic swipe technology to next generation technologies such as NFC.”
To view a social media version of this release, visit http://pitch.pe/153248.
About InComm
InComm is the industry leading marketer, distributor and technology innovator of stored-value gift and prepaid products using its state-of-the-art point-of-sale transaction technology and payment solutions to revolutionize retail product sales and customer experiences. With $13+ billion in retail sales transactions processed in 2010, InComm is the nation’s largest provider of gift cards, prepaid wireless products, reloadable debit cards, digital music downloads, content, games, software and bill payment solutions. InComm partners with consumer brand leaders around the world to provide more than 225,000 retail locations the products and services their customers demand. To learn more about InComm, visit www.incomm.com or call 1.800.352.3084.
About CorFire
CorFire, the mobile commerce business of SK C&C USA, is headquartered in Atlanta with a second office in San Francisco. Poised to lead the mobile lifestyle revolution, CorFire offers mobile technology platforms to financial institutions, mobile network operators (MNOs), payment processors, card issuers, retailers, and other technology innovators that enable delivery of mobile commerce to the mobile phone today. Its three core technology offerings include its Trusted Services Manager (TSM) platform, a robust mobile wallet platform, and a state-of-the-art suite of mobile marketing platform.
SK C&C USA is a wholly owned subsidiary of SK C&C Co., Ltd., a leading global payments technology provider and systems integration company. For more information about our mobile commerce business, please visit www.corfire.com.


for CorFire
Arketi Group
Jackie Parker, 404-929-0091 x220
Jenn Boutwell, 770-882-2240

Monster Offers One-Click Mobile Payment Solution to Be Distributed with My Max Speed App

Popular New Driving App Comes Pre-Bundled With Free Mobile Banking Solutions
SAN DIEGO--(BUSINESS WIRE)--Monster Offers (OTCBB: MONT), a leading mobile banking solutions company and Daily Deal aggregator, announced today its family of mobile payment solutions will be bundled with the popular new mobile phone application, My Max Speed™. A speed monitoring application to encourage safe driving and protect consumer rights, My Max Speed is experiencing a record number of downloads as users can keep tabs on their teenagers’ driving speed in addition to confirming in an instant their own rate of speed if pulled over for a citation, among its many other features.
“first of kind“ technologies and technology driven products designed to enrich, enhance, and make safer our daily lives. Iconosys has developed and owns nearly 600 Smart Device retail grade apps, which it classifies under 1 of 4 categories -- Safety Apps, Lifestyle Apps, Celebration Apps, and Arcade/Fun Apps.”
Through a partnership with Iconosys, Monster Offers is providing free downloads of Monster Offers’ “One-Click” Payment Processing, Pre-Paid Debit Card, P2P Mobile Money and Daily Deal eWallet to My Max Speed application users. The planned integration is expected to be complete by July 2011.
Bundling our Monster Offers mobile banking solutions with My Max Speed, one of the hottest new mobile phone applications, is a key distribution strategy to quickly connect with smart-phone-savvy consumers. By partnering with Iconosys, our mobile banking technology will be introduced to mobile users quickly and with no effort from customers.”
- Paul Gain, Monster Offers CEO
About Iconosys, Inc.
Iconosys, the maker of the world renown DriveReply™, Trick or Tracker™, and Tell My Geo™ is developing a series of “first of kind“ technologies and technology driven products designed to enrich, enhance, and make safer our daily lives. Iconosys has developed and owns nearly 600 Smart Device retail grade apps, which it classifies under 1 of 4 categories -- Safety Apps, Lifestyle Apps, Celebration Apps, and Arcade/Fun Apps.
About Monster Offers:
Monster Offers is a leading mobile banking solutions company and Daily Deal aggregator, collecting daily deals from multiple sites in local communities across the U.S. and Canada. Focused on providing innovation and utility for Daily Deal consumers and providers, the company collects and publishes thousands of daily deals and allows consumers to organize these deals by geography or product categories, or to personalize the results using keyword search. The company will introduce new mobile technology in 2011 to address unmet category needs in areas such as loyalty, rewards, payment processing, merchant services, and a Daily Deal eWallet. Monster Offers recently launched its Hyper-Local Daily Deal Reporting Program, designed to help providers improve the revenue and profits of local and regional Daily Deal programs. More information can be found by visiting http://www.monsteroffers.com.
Any statements contained in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including, but not limited to, the risks associated with the management appointment described in this press release, and other risks identified in the filings by Monster Offers (MONT), with the Securities and Exchange Commission. Further information on risks faced by MONT are detailed in the Form 10-K for the year ended December 31, 2010, and in its subsequent Quarterly Reports on Form 10-Q. These filings are or will become available on a website maintained by the Securities and Exchange Commission at http://www.sec.gov. The information contained in this press release is accurate as of the date indicated. Actual results, events or performance may differ materially. Monster Offers does not undertake any obligation to publicly release the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.


For Monster Offers
Public Relations
Brad Rutledge, 801-824-6218
Investor Relations
Brian Barnes, 800-953-3350

Universal Secure Registry Offers Mobile Payment Security to Third Parties

June 27, 2011 14:00 ET
Enabling Technology for Electronic Wallet Is Fast, Convenient, Secure
NEWTON, MA--(Marketwire - Jun 27, 2011) - Universal Secure Registry™ LLC (USR), an enabling mobile payment security technology and identity authentication company, today announced the availability of its USR electronic wallet patented technology to third parties including credit card companies, wireless carriers, banks, retailers and others for licensing. The USR electronic wallet is the only mobile transaction technology that does not transmit sensitive information from or store exploitable information in the mobile device.
Leveraging its patented 3+ FACTOR SECURITY™ system, USR's proprietary enabling identification technology makes mobile payment transactions fast, convenient, and secure. The USR electronic wallet was designed by world renowned identity authentication and computer security expert Kenneth Weiss. As the inventor of SecurID, the world standard for personal identity authentication for computer access security, Weiss had an important unfulfilled vision -- to further the advancement of a cashless society.
"The future of the mobile payment market is being defined now and tunnel vision piecemeal solutions will only retard the inevitable," said Kenneth Weiss, CEO and founder, USR. "Ours is the only enabling technology that can empower the players in the market to move the needle on widespread adoption with the ability to transcend the mobile payment space entirely to advance how we authenticate our identities universally."
Unlike other electronic payment technologies being tested or introduced by companies such as Google and Isis, private or sensitive information is not stored on the mobile device or transmitted at the point of sale (POS) with USR. The USR electronic wallet provides a convenient and reliable way to authenticate identity with three factors quickly. It integrates the convenience of a mobile phone with the security of a protected remote server. This enabling technology acts as a trusted agent for personal transactions including mobile payments, financial transactions, tolls, vending machines, computer/network/cloud access, physical access, licenses and all privileges associated with identity.
Benefits of the USR electronic wallet include:
  • Unique - No sensitive information stored on phone or transmitted
  • Secure - 3+ FACTOR Security that identifies, rather than verifies, user identity
  • Scalable - Relatively low cost, easily implemented on all mobile phones and POS terminals and integrates with existing infrastructure
  • Versatile - Transactions may be completed via NFC, Bluetooth, cellular network, or Wi-Fi
  • Convenient - Integrates interpersonal financial transactions, direct consumer-to-vendor funds transfer and credit and debit card payments
  • Flexible - Trusted agent for wide range of services and applications where reliable identification is required
  • Universal - One convenient integrated application used for electronic wallet, interpersonal funds transfer, computer/network access, and access to physical facilities
About Universal Secure Registry LLCUniversal Secure Registry™ LLC (USR) is an enabling-technology company that holds a series of new personal identification, authentication, and mobile phone transaction application patents invented by Kenneth Weiss. More than 100 million people, Fortune 500 companies, as well as corporations, consumers, governments, and banks in more than 30 countries rely on computer security and identity authentication systems such as SecurID tokens invented, designed, and patented by Weiss. USR technology provides a secure, remote universal electronic repository for personal, private, and sensitive information; integrating the convenience of a mobile phone with the security of a protected remote server to act as a trusted agent for personal transactions including mobile payments and funds transfer, computer/network/cloud access, and access to physical facilities. The USR electronic wallet uses near field communication (NFC) and Bluetooth. It is the only mobile payment technology that does not transmit sensitive information from or store exploitable information in the mobile device. Leveraging its patented 3+ FACTOR SECURITY™ system, USR's proprietary enabling identification technology designed for smart phone applications is available to third parties for licensing. USR was established in 2000 and is based in Newton, Massachusetts. http://www.USRID.net
SecurID is a trademark of RSA, the Security Division of EMC.

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