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Mobile Phone Payment System Based On AprivaPay

Apriva : 08 July, 2010  (New Product)
Apriva joins AT&T in offering wireless payment applications based on AprivaPay enabling smartphones to accept card based financial transactions
Furthering its commitment to small businesses, AT&T has joined forces with Apriva, a leader in the wireless payment industry, to deliver new mobile payment applications that can enhance productivity and cash flow. The applications, AprivaPay and AprivaPay Professional, turn smartphones into point-of-sale devices that accept credit and debit card transactions. AT&T is the first wireless carrier to provide mobile point-of-sale solutions from Apriva.

According to Generator Research, an independent market research firm, the worldwide mobile payments market is expected to grow from $68 billion in 2009 to more than $600 billion by 2014, a compound annual growth rate of more than 50 percent over the next five years. The Apriva applications provide small businesses with a reliable and secure vehicle to seamlessly tap into this growth.

"Sales increase when small businesses accept payment cards," said Michael Antieri, president, advanced enterprise mobility solutions, AT&T Business Solutions. "And given that an overwhelming majority of small businesses use smartphones, offering a mobile application that ties together payment cards and smartphones makes perfect sense. By offering these new mobile applications from Apriva, AT&T is helping small businesses create 'virtual storefronts' in the field, enhancing cash flow while minimizing back office processes such as billing."

AprivaPay is a browser-based application that enables businesses to process credit and debit transactions through the browser of their mobile phones. AprivaPay Professional is a full featured application that is downloaded directly onto a smartphone. Additionally, the service can be integrated with an optional card reader and a receipt printer, allowing businesses to obtain the financial benefits of "card present" transactions, along with printing receipts.

Apriva is a leader in wireless payment processing. Its wireless technology is utilized by most major banks, as well as governments around the world.

Small and medium businesses interested in learning more about AprivaPay from AT&T and other mobile applications can visit the Small Business Mobile Application Recommender Tool (SMART) to identify which mobile application is right for their business. AT&T has added AprivaPay to its portfolio of AT&T mobile applications and authorized users can conveniently purchase it directly from AT&T via this online self-service tool.
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