Mobile payments specialist HybridPayTech says it has chosen Vodafone’s M2M platform to provide connectivity for its service.
A subsidiary of Freeport Capital (Montreal, Canada), HybridPayTech claims to offer the world’s first completely secure, end-to-end mobile payment service that can process both credit and debit card transactions.
The company says its technology allows businesses to equip their employees with smartphones or tablets that can securely process credit and debit card payments globally – with Vodafone’s (Newbury, UK) network and roaming agreements providing connectivity services.
The operator will contribute global M2M SIM cards, remote device management tools and other connectivity features for the mobile payment devices.
“The ability to process credit and debit card payments anywhere in the world using a wide variety of standard mobile devices will drastically simplify how companies charge their customers,”said Massimo Barone, the founder and chair of HybridPaytech's Advisory Board. “The fact that we can support both credit and debit cards means the mobile payment market can now really take off.”
“By working with Vodafone we not only benefit from a highly secure, comprehensive global network – we also receive international SIM cards and management tools that make it easy to remotely monitor, repair and update the payment terminals,” Barone added.
Vodafone said the deal proves that M2M is having the same radical impact on the payments industry as on sectors like automotive and advertising, through connected cars and smart digital billboards.
“This won't just help mobile businesses – it will give peace of mind to customers who, for example, would rather pay for pizza at the door on a secure card machine rather than sharing details over the phone,” said Andrew Morawski, the head of M2M Americas for Vodafone.
HybridPayTech says its service includes mobile applications for Apple, Android, Windows Phone and BlackBerry devices that can support credit and debit payments through plug and play card-reading technology.
However, it points out that businesses can also use standard mobile payment terminals.
The company says encrypted transactions are sent over Vodafone’s network to HybridPayTech’s regional switch, which then authorizes payments through card providers.