Trintech Group PLC (Nasdaq:TTPA; Neuer Markt:TTP), a leading provider of secure electronic payment infrastructure solutions, today announced the launch of PayWare(R) mAccess(TM), the industry's first secure ePayment solution for mobile commerce.
The launch of PayWare mAccess coincides with the announcements today of strategic relationships with Phone.com (Nasdaq:PHCM) and Visa International to collaborate on the next generation of ePayment solutions for mCommerce. The Phone.com and Visa endorsement of Trintech's mCommerce strategy will help smooth the transition from PC-based purchasing to wireless shopping on a global basis. Phone.com and Trintech plan to enable interoperability between Trintech's PayWare mAccess mobile e-payment server and Phone.com's UP.Link(TM) Server to offer their customers a secure, convenient "one click" solution for purchasing from mobile devices.
"Secure and easy payment is one of the most important components of wireless commerce," says Michel Quazza, Director of Product Marketing at Phone.com. "By working with a leader in mCommerce payment like Trintech to deploy a secure mCommerce infrastructure solution for wireless Internet, we are in a great position to provide our customers with an application that greatly enhances their shopping experience, while also giving them the peace of mind that the transaction is secure."
"Without doubt, mobile commerce is the next wave in the Internet revolution," says John McGuire, CEO of Trintech. "Analysts predict the number of wireless subscribers to grow from 20 million today to 1.5 billion by 2005. However, convenient payment remains a barrier to mass consumer adoption. With PayWare mAccess, consumers can transition to the mobile world easily and securely with the benefit of a simple and intuitive payment experience. Through our partnerships with Phone.com and Visa, we can begin to deploy this technology on a global basis to a wide number of users on many platforms."
PayWare mAccess addresses the payment requirements of the wireless market by providing card issuers, telephone operating companies, wireless carriers and manufacturers with a server-based product that seamlessly and securely authenticates the user and transfers payment details from wireless devices through to the payment processor for settlement. When deployed with Trintech's innovative PayWare(R) eIssuer(TM) product, consumers benefit from "one touch" form fill of merchant pages, overcoming a huge hurdle for mCommerce adoption.
PayWare mAccess is configured to work as a stand-alone product at a card issuer, wireless network operator, content converter or portal/ASP, that links to a card issuer's existing consumer Internet payment application, such as PayWare eIssuer. Consumers can use a variety of access channels, such as cell phones, PDAs, or other wireless access devices, to pay for goods and services with "one touch" form fill convenience and PIN-protected security. PayWare mAccess is also capable of processing a variety of payment card types - credit, debit, purchasing - and accepts card payments in multiple currencies.
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