Software accepts payments via mobile phone text message.
Press Release Summary:
Mobile payment (m-commerce) solution, iPayText, lets retailers securely accept payments through their existing gateway from consumers' mobile phone text messages. Transactions are PIN-protected and include added level of security using RFID tags, eliminating distribution of credit card information to unauthorized parties. Real-time application works independently of carriers/handsets and helps eliminate charge-backs and fraud. Customer data is organized for monitoring and reporting.
Original Press Release:
iVisionMobile Brings Immediate and Secure Mobile Payment Option to Retailers
iVisionMobile's revolutionary new m-commerce solution, iPayText,was successfully trialed and proved to be an easy, secure and cost-saving payment option for retailers
SAN FRANCISCO, Oct. 23 -- iVisionMobile, an industry leader in advanced, interactive SMS and Premium SMS technology for mobile marketing and m-commerce solutions, successfully trialed their new mobile payment solution, iPayText, with Element Nightclub in Los Angeles. With the iPayText solution, consumers are able to pay for their dinners, bar tabs and cover charges securely and easily by sending a simple text message from their mobile phone. By utilizing iPayText as a payment option, merchants reduce losses due to charge-backs and fraud and increase customer satisfaction by offering users the freedom to safely pay for goods and services using only their mobile phone with no physical contact.
"We average 65% of sales via credit or charge cards," says James Sinclair, Managing Partner of the Paja Group that owns and operates multiple nightclubs, bars and restaurants in the greater LA area. "When we were approached by iVisionMobile to test this new mobile payment option, we were very excited. iVisionMobile's iPayText solution will not only reduce our losses from charge-backs and provide an additional level of security on the transactions and funds, but it also lets us offer our customers a fast and secure method of payment. It's a win-win situation," Sinclair continues.
The iPayText solution is a secure and simple retail-oriented mobile payment application that works independently of carriers or handsets. Consumers activate their account with a one-time, secure sign-up online or at in-store kiosks. They are then able to initiate purchases with retailers, in-store or in the comfort of their home, by sending a simple text message. All transactions are PIN-protected and include an added level of security using RFID (Radio Frequency) tags, eliminating the distribution of vital credit card information to unauthorized parties.
"We have basically created a payment solution that uses today's most advanced and secure e-commerce methodology and married it with our industry-leading, interactive text messaging technology," Omer Samiri, President and Co-founder of iVisionMobile explains. By utilizing the mobile phone to communicate directly with their consumers and allow easy purchases, the retailers now have a new way to enhance customer satisfaction and increase revenues.
"Our initial trial with several Hollywood area nightclubs allowed patrons to sign up for an iPayText account in exchange for a complementary beverage coupon. Patrons were then able to pay for their admission tickets by sending a simple text message request," Samiri continues. iVisionMobile will also be conducting trials of this powerful new payment solution with the NBA Seattle Supersonics and Storm organizations as well as Vanguard Nightclub in Hollywood.
iPayText enables real-time payment transactions completed in seconds using a retailer's existing payment gateway and provides retailers with customer information that is well organized for easy monitoring and reporting.
iVisionMobile will be conducting live demonstrations of their iPayText solution at CTIA IT & Entertainment in San Francisco, October 23rd - 25th, 2007, booth 433-Y.
About iVisionMobile
iVisionMobile is an industry leader in advanced, interactive SMS and PSMS technology for mobile marketing and m-commerce. The iMessenger is a turnkey web-based software platform that allows companies to independently create, activate, monitor and control mobile messaging and m-commerce campaigns. Customers can easily create targeted mobile messaging campaigns in minutes. iVisionMobile's software supports mobile campaigns including mobile alerts, text-to-buy, text-to-win, text-to-vote, mobile content delivery and more. To learn more about iVisionMobile, please visit http://www.ivisionmobile.com/.
CONTACT: Charlotte Rubin of Crux Communications, +1-858-775-7621, charlotte.rubin@cruxcomms.com, for iVisionMobile
