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28th February 2012

VeriFone unveils suite for MNOs to manage mobile wallet acceptance

Verifone has announced the Paymedia Universal Acceptance Platform (UAP), a suite designed to link mobile wallets with NFC payment at POS. The company is targeting the Mobile Network Operators who wish to enter the mobile wallet market.


"The missing element in MNO's mobile wallet plans has been the lack of focus on how to provision, integrate and manage wallet and value-added acceptance apps at merchants' systems," said Paul Rasori, VeriFone senior vice president of marketing. "VeriFone's PAYMEDIA UAP bridges that gap in the NFC ecosystem by managing the complexities of mobile commerce acceptance and ensuring a seamless buying experience no matter what wallet, app or program consumers bring to stores."

The company went on to state that the PAYMEDIA UAP services and software enable MNO's and wallet providers to easily download wallet acceptance applications directly to merchants' point of sale systems and allows merchants to connect the app to the provider via the cloud-based PAYMEDIA Network Services. Utilizing the PAYMEDIA infrastructure, wallet providers maintain full management capabilities over their applications with the ability to update them at any time with new features and services managing every aspect of acceptance.