SAN JOSE, Calif., April 18 // - Infonox, the provider and operator of the leading platform for the delivery of diversified financial services to Kiosks, ATMs and other delivery channels, announced the support of consumer mobile devices, like cell-phones and PDAs, on its platform. Infonox has partnered with PayMate, the leading (M) mobile-commerce solutions provider of India to develop a suite of mobile payment products for the US market. With this alliance, the existing businesses on Infonox platform, which include major merchant acquirers, financial service aggregators and banks, will have the instant ability to offer their branded transaction services on cell phones.
The initial multi-application set includes mobile/cellular phone versions of transactional services like bill payment, money transfer (cross border), and POS payments at merchant locations. Subsequent products to be offered on the mobile channel will include not only Transactional Services but a variety of Business Services and Systems Management Services that are already offered by Infonox today. The applications will be demonstrated on popular cell-phones like Sony Ericcson k790i and the BlackBerry 8700 at the ETA (Electronics Transactions Association - ETA Show on April 17 to 19 in Las Vegas.
Through its PCI/SAS70 compliant data-centers Infonox has already certified interfaces into processors of ATM, POS Debit, Credit Cards, Checks, Money Transfer, Bill Payment, Prepaid Cards, Gift Cards, and other transactions. So far, Infonox had targeted ATMs, Hybrid Kiosks, PC workstations and POS terminals as the end-points for delivering provider branded financial services. With the addition of a mobile channel to its platform, the reach of the Infonox platform will grow even more. Today, besides being the dominant platform used to deliver financial services in Casinos, there are major banks/acquirers, merchant processors, ISOs, financial service aggregators and deployers who access the Infonox platform for delivering their own branded products services. The availability of a mobile channel to them, from the Infonox platform, will help these businesses derive new revenue and ensure better service for their customers.
"We are very pleased to enter the world of mobile-commerce. There are at least 10M consumers who have touched our platform to access financial services in the last 3 months - and we estimate that all of them had cell phones. With PayMate as our partner, we are now ready to offer them very compelling Transactional, Business and System Management Services," said Safwan Shah, President of Infonox.
"We are very excited about the synergies with Infonox. Paymate with its experience and skills in developing mobile payment applications along with Infonox's transaction processing abilities and relationships in the US will make this a very compelling proposition," said Ajay Adiseshann, MD and Founder, PayMate.
The mobile applications will be based on industry standards like J2ME, BREW, Windows Mobile and will run over SMS, GPRS and CDMA based protocols. The applications have been developed to be compatible with major phone models offered by US providers and include BlackBerry, Treo, Motorola, Nokia, Sony Ericsson, Samsung, LG and Windows Mobile based cellular devices.
A demo of the mobile products can be viewed at the Infonox booth at ETA 2007 in Las Vegas at the Mandalay Bay Resort from 17-19 April 2007. Please direct questions to TransIT@infonox.com
Infonox operates scalable infrastructure to deploy, aggregate and manage transaction services. Infonox's Active Payment Platform (APP) enables businesses to operate their branded service delivery network, which is accessible from ATMs, Kiosks, PCs, Web, POS devices and mobile phones. An integrated suite of products and services handles device management, application deployment and configuration, transaction processing, security, risk management, reporting, monitoring, device and terminal handling, identity verification, and media delivery systems. Infonox customers include leading transaction service providers, banks, non-bank financial institutions, acquirers, ISOs and enterprise customers. For more information, please visit www.infonox.com
PayMate is India's leading wireless transactions platform provider which enables customers to pay conveniently and securely using their mobile phones. The company has launched its services in India on the SMS platform in partnership with Citibank and has created an m-payment eco-system which already comprises of over 3000 merchants across categories and interfaces. These include online portals, voice portals, utilities, airlines, restaurants and retailers.
Kleiner Perkins Caufield & Byers and Sherpalo Ventures are the primary investors in PayMate. Some of the portfolio companies include Google, Amazon, AOL, Sun Microsystems and Netscape.
For more information please visit www.paymate.co.in
CONTACT: Safwan Shah of Infonox, +1-408-232-1700.
CONTACT: Safwan Shah of Infonox, +1-408-232-1700
Web site: www.infonox.com/