The platform ensures hassle free processing of all types of mobile wallet transactions at merchant systems, allowing wallet providers to expand the variety of services and applications offered through their wallets as well as customer loyalty.
VeriFone senior vice president of marketing Paul Rasori said VeriFone’s PAYMEDIA UAP bridges the gap in the NFC ecosystem by managing the complexities of mobile commerce acceptance and ensuring a seamless buying experience no matter what wallet, application or program consumers bring to stores.
Using the platform also enables MNO and wallet providers to download wallet acceptance applications directly to merchants’ point of sale systems, which assists merchants to connect the app to the provider through the cloud-based PAYMEDIA Network Services.
The platform’s infrastructure also helps wallet providers to maintain required management necessities over their application, by updating them at any time with new features and services managing every aspect of acceptance.
The PAYMEDIA UAP also provides open API common interface standards to ensure that value-added wallet data not traditionally supported will flow seamlessly through merchant systems without disruption.
The new offering is a global service to MNO’s and other wallet owners.
