Pouch - World's first cloud service based NFC contactless card emulation service.
London, UK: YESpay International and YES-wallet.com Ltd, February 6, 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.
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.
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.