Product News: Software
Cloud Payment Solution lets retailers accept payments wirelessly.
Press Release Summary:
February 21, 2014 - By using mCard Cloud Payments, merchants can accept payments from consumer's mobile mCard wallet on any wireless- or Internet-connected device. Retailers can accept payments from anywhere in their store, and functionality also allows anyone to be set up to receive payments from person's wireless device on any wireless or Internet connected device. This lets vendors at unconnected venues to be set up to accept payments digitally.
Original Press Release
New Media Insight Group Introduces mCards Cloud Payments
Press release date: February 13, 2014
mCard Cloud Payments offer merchants new ways to accept payments and lower transaction fees
PHOENIX – New Media Insight Group, Inc. ("New Media" or "the Company") (NMED), a leader in mobile payments, announced today the Company has launched its mCard Cloud Payments solution in the United States. mCard Cloud Payments allow merchants to accept payments from a consumer's mobile, mCard wallet on any wireless or Internet connected device. Consumers click "send payment" and the merchant clicks "accept" on their iPod Touch, iPhone, Android, iPad, Tablet, Mac, PC or Laptop. mCard Cloud Payments allow retailers to accept payments from anywhere in their store. A restaurant server could accept the payment at the diner's table or a clothes vendor or salon could accept a payment in any department in their store.
"mCard Cloud Payments reduce merchant transaction fees to 0.5%, compared to typical credit card processing fees, in which the average the transaction price is approximately 2.75%," stated Michael Palethorpe, CEO of New Media Insight Group. "The savings, security and convenience aspects of mCards and Cloud Payments will provide extraordinary benefits to both customers and merchants over more traditional payment solutions."
mCard Cloud Payments also allow anyone to be set up to receive payments from a person's wireless device on any wireless or Internet connected device. This allows vendors at unconnected venues to be set up to accept payments digitally.
Merchants can find out more about mCards, Cloud Payments and other New Media Insight Group solutions at: http://www.newmediainsights.com
About New Media Insight Group, Inc.
New Media Insight Group, Inc. (OTCBB: NMED) is an innovative mobile payments company. New Media Insight recently launched mCards, a system that allows merchants to accept mobile payments without any additional hardware other than an existing terminal that takes MasterCard. New Media Insight is employing a grassroots strategy to increase mCards adoption, focusing its efforts on building alliances with non-profits that already have strong relationships with merchants.
KCSA Strategic Communications
212-896-1233 / 1217