Pouch - World's first cloud service based NFC contactless card emulation service.
London, UK and Toronto,Canada (PRWEB UK) 6 February 2012
Two companies, YESpay International Limited and YES-wallet.com Limited have built a cloud based payment platform using Near Field Communication (NFC) global standard technology. YESpay and YES-wallet today announced the launch of cloud-based NFC contactless card emulation services conforming to PayWave and PayPass standards offering a more convenient and efficient payment solution for merchants and consumers.
By integrating YES-wallet pouch digital wallet service with YESpay EMBOSS payment service, both companies will provide a cloud service based e-Money/pre-paid/gift-card payment platform that allows provision of convenient and efficient payment methods on NFC smartphones based on Visa PayWave and MasterCard PayPass standards.
Both companies have been focusing on development and provision of Near Field Communication products that comply with NFC global standard.
The partnership allows e-Money (pre-paid gift-card) related business, merchant, and mail order house to implement contactless card payment system without having to make heavy upfront investment by using the Pouch cloud service. YESpay will contribute by providing “payment terminals based on NFC reader/writers” and providing “EMBOSS payment processing services to cultivate and manage merchants” and YES-wallet will contribute by providing “PayWave or PayPass standard virtual payment cards cloud system via its Pouch digital wallet service.”
In the near term, both companies will focus on e-Money payment service based on PayWave/PayPass contactless smart card for closed-loop e-Money applications on behalf of Enterprises. In the future, the partnership expects to form partnerships with bank card issuers and enterprises issuing Visa and MasterCard.
YESpay regularly processes millions of cardholder payments for its merchants and predicts mobile payment will attract customers and merchants alike looking to experience the speed, ease and convenience of paying with their mobile phone.
EPOS solutions providers, Mobile App and web developers can contact YESpay International Limited via sales(at)yes-pay(dot)com or 0871 221 9510 to request integration guides and obtain more information about the YESpay mobile payments strategy.
About YESpay International Limited:
YESpay, a global card payments service company, provides highly secure Internet, EMV Chip & PIN, contactless and gift card payment processing services to independent and multi-chain merchants. Through EMBOSS™, the YESpay Managed Payment Service, merchants can quickly accept integrated card payments within EPOS, kiosks, hospitality and e-commerce systems with minimal capital investment and low on-going services costs. EMBOSS is an on-line IP-based payment processing service that has been generically pre-accredited by major Card Acquirers in Europe and North America (including Chase Paymentech, First Data Merchant Service (FDMS), Barclaycard Business, HSBC, HBOS, Lloyds Cardnet, Streamline, Ulster Bank, Elavon, PBS, Amex and Diners). In addition, the YESpay EMBOSS service is fully end to end certified to Payment Card Industry Data Security Standards (PCI DSS) Level 1 as mandated by Visa and MasterCard. The YESpay EasyV-Suite of card payment products is innovative and cost-effective for EPOS, Kiosk, Hospitality, Mobile and Internet environments. With the YESpay EMBOSS card payment service, merchants can perform card payments in both card-present and card-not-present environments.
YESpay International Ltd Offices:
UK Headquarters: Checknet House, 153 East Barnet Road, Barnet, EN48QZ, UK
116 Spadina Avenue, Suite 201, Toronto, M5V 2K6, Ontario, Canada
UK/Europe Telephone: +44 203 006 3790
USA/Canada Telephone: +1 416 214 6012 or freephone +1 866 YES PAY 1
PR Contact: Supriya Rocha, SVP Global Marketing, +44-203-006-3790 ext. 460
About YES-wallet.com Limited:
YES-wallet.com provides to consumers multi-channel and mobile electronic wallet and social commerce services.
YES-wallet securely hosts 24-hour managed services for our strategic customers, Payment Service Providers (PSPs), Transport & Retail Enterprises, Local Government, and Card Issuers and Acquirers:
1. Electronic wallet service (branded as 'Pouch') which enables multi-channel card payment and loyalty processing in web, mobile, social and physical commerce environments.
2. Facebook social commerce storefront service branded as 'YESfstore' enabling hundreds-of-thousands of small merchants and sole proprietors to sell goods and services with integrated shopping basket payments via the Pouch wallet service.
Our 'Cloud social commerce and wallet service' can be easily scaled within our secure datacenters managed that are fully PCI-DSS (Payment Card Industry Data Security Standard) Level 1 certified.
YES-wallet.com Ltd Office: Checknet House, 153 East Barnet Road, Barnet, EN48QZ, UK
About NFC (Near Field Communication: ISO 18092, 21481):
NFC - a near field communication standard that uses 13.56 MHz frequency band which has been certified by ISO/IEC as an international standard in December 2003 - is co-developed by NXP Semiconductor that developed MIFARE of which 1.8 billion chips has been shipped globally, and Sony Corporation that developed FeliCa of which 400 million chips has been shipped.
NFC Basic Functions:
1. Card Emulation
2. Reader Writer Emulation
3. Peer to Peer