Puut Technologies Introduces Next Generation Digital Wallet

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Puut Technologies A/S, today announces a next generation digital wallet that overcomes current barriers of single banking source and makes international transactions and use even easier. Whether paying a bill, sending a small cash amount to a friend, shopping, sharing photos or sending money to family abroad, Puut Wallet is the ultimate choice.

Puut Technologies A/S, today announces a next generation digital wallet that overcomes current barriers of single banking source and makes international transactions and use even easier. Whether paying a bill, sending a small cash amount to a friend, shopping, sharing photos or sending money to family abroad, Puut Wallet is the ultimate choice.

So far, wallet apps have been restricted to a single vendor, a bank, a mobile carrier or a technology company, and the users had to be customers of the particular institution to use the wallet app. Not anymore! Puut Technologies has overcome this obstacle and lifts the current restrictions of this closed way of operating.

The Puut wallet is a real wallet replacement. It allows you to continue your purchasing habits across the internet, on the shopping trip or when you pick up a coffee on the go, using the most convenient platform; your PC, tablet, smart phone or smart TV. The wallet content synchronizes across all your platforms enabling you to use just one Puut wallet app for all your transactions.

A Financial Social-Network
Puut Technologies creates a Financial Social-Network for users. It allows users with shared interests to plan shopping in local communities around the world. Users wanting to purchase items or services can create shopping groups and lists, allowing merchants to make competitive and discounted group offers.

Easy paying
The Puut Wallet will be available worldwide for major tablets, smart phones and smart tvs in January 2013. The technology allows users to shop and checkout with their smart phones online and onsite. Furthermore, users can turn their smart phone to a wireless tag and use the phone to pay for parking, toll roads and bills. The possibilities are infinite!

Cloud Payment Gateway
Puut provides an embedded Cloud Payment Gateway that allows merchant to accept online, mobile and onsite payments worldwide. Transactions are routed by Puut, using Puut Cloud Infrastructure. A secure interface and intuitive reporting tools allow merchants to configure their accounts, to view statements and to generate transactions related reports. Puut Payments Gateway is easy to install and does not require complex and expensive software installation and maintenance.

Third Party Support
Puut enables smart phone users to receive, store and use their wallet content worldwide. These ranges from credit and debit cards, photo ID, library card, student cars, drivers’ license, loyalty cards, boarding pass, train tickets and much more. A provisioning interface allows third party applications (e.g. event manager, ticketing software, accounting system, and loyalty card system) to deliver tickets, bills, receipts, cards and boarding passes to any Puut Wallet worldwide.

“Financial Social-Media is now a reality and at Puut Technologies we have positioned ourselves at the forefront of this massive, technological shift,” says Mark Arthur, CEO of Puut Technologies. “The Puut Wallet that we are announcing today will enable users to shop and checkout wirelessly in a secure manner, to transfer Cloud Money from one user to another instantly, and to pay bills on the smart phone using either credit card or Cloud Money,” Mr. Arthur continues.

“The platform will enable service providers, institutions and governments to service smart phone users globally. Furthermore, an international loyalty program (e.g. hotels, airlines and supermarkets) can easily issue and deliver a loyalty card to a smart phone user in Europe or the rest of the world without the usual hassle inherent to managing plastic cards. We are working very closely with a select group of innovative partners to deliver best-in-class digital wallet service to private and corporate users,” Mr. Arthur concluded.

The Puut Wallet is available from November 16, 2012 for sign up for merchants and partners, and from January 2013 for users.

Merchants and prospective partners are welcome to contact us for system integration and interoperability test at support(at)puut(dot)mobi.

For more information contact
Mark Arthur, CEO at ma(at)puut(dot)mobi

About Puut Technologies
Puut Technologies A/S is a Financial Social Media Company that brings the experience of a traditional cloud network to mobile devices, a global mobile experience to mobile phone users and an operator agnostic approach to mobile services.

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