Payments solutions provider Ingenico forms partnership with Isis mobile commerce JV that will allow shoppers to tap their smartphones to make payments, use loyalty cards, redeem coupons
March 5, 2012
– Ingenico (Euronext: FR0000125346 - ING), the leading worldwide provider of payment solutions, today announced its strategic relationship with Isis, the joint venture between AT&T Mobility, T-Mobile USA and Verizon Wireless. This relationship further underscores Ingenico's commitment to advance mobile payments. It enables the Isis Mobile Commerce Application on the new Telium series POS devices to accept payment, loyalty cards, and to redeem coupon offers with the tap of a smartphone. This new business relationship will help fuel the broader adoption of mobile payment technology, providing payment choices to millions of consumers who prefer to use their smartphones for payment transactions in retail stores in the United States.
"With mobility and mobile technology becoming a vital part of today's retail shopping experience, both mainstream consumers and retailers are embracing smartphones as a growing trend to engage and transact in stores. Our commitment to our customers, as a leading POS device and solutions providers, is to continue to innovate on the technology front in order to equip merchants with a versatile secure platform capable of facilitating and accepting diverse forms of payment," said Thierry Denis, president of Ingenico North America. "Our decision to integrate and support the Isis Mobile Commerce Application into our existing line of POS devices represents a logical choice in the evolution of mobile commerce today. With shoppers increasingly using mobile means to interact with brands and retailers, the Isis Mobile Commerce Application will only grow in importance for those merchants seeking to differentiate themselves by connecting with their customers through mobile at the point of payment. Thus, our new relationship enables Ingenico to innovate once again and bring the most advanced mobile solution for today's savvy shopper."
The adoption and usage of mobile devices in the U.S. continues to grow exponentially. According to 2012 Mobile in Focus study by ComScore, nearly 42% of U.S. mobile subscribers now own a smartphone and half of them use their phone to perform retail research while in stores. Moreover, in 2011 ComScore data reflects that nearly one in five smartphone shoppers scanned product barcodes and one in eight performed price comparisons while shopping in a store. On the mobile payment side, a major U.S. online retailer reported that it collected over $4 billion in mobile payments in 2011, demonstrating that mobile devices have become increasingly valuable to consumers, a trend that is predicted to increase in the U.S. marketplace in 2012.
"As one of the leading POS systems providers, Ingenico has a significant footprint in the US retail market and plays an important role in the payments ecosystem, including the growing mobile payments segment," said Scott Mulloy, Chief Technology Officer, Isis. "By partnering with Ingenico, we are creating a path to expedite the adoption of the Isis Mobile Commerce Application to brick-and-mortar stores. With just a simple tap of their smartphone, millions of shoppers will soon be able to pay, present loyalty credentials, and redeem offers at retailers equipped with Isis Ready™ Ingenico terminals."
The new relationship with Isis is an integral part of Ingenico's mobile commerce and payment strategy in the U.S. For several years, the company has been successfully innovating and proactively working on its technology to incorporate mobile NFC-based product and solutions offerings in all segments of retail. Its latest generation of secure Telium series devices comes with embedded contactless, EMV chip card, and NFC-based features that enable merchants to accept all types of payments including mobile payments. Several retailers are already successfully using Ingenico's iSMP, the first PCI PTS v3 certified mobile device designed to turn an iPhone® and iPhone touch® into a smart mobile payment device, to connect and engage with the consumers "on-the-go" in the store, in the aisle and at the point of sale for line-busting.
In addition, Ingenico made an additional investment and has taken a controlling interest in Boston-based ROAM Data, the leading mCommerce Platform-as-a-Service (PaaS) provider extending physical Point of Sales (POS) and eCommerce to the mobile environment. This strategic investment reinforces Ingenico's global mobile commerce and payment offerings notably for small merchants.
About Ingenico (ING)
Ingenico (Euronext: FR0000125346 - ING) is a leading provider of payment solutions, with over 17 million terminals deployed in more than 125 countries. Its 3,600 employees worldwide support retailers, banks and service providers to optimize and secure their electronic payments solutions, develop their offer of services and increase their point of sales revenue. More information on www.ingenico.com
The joint venture is between AT&T Mobility LLC, T-Mobile USA and Verizon Wireless and is based in New York City. The venture is chartered with building ISIS™, a national mobile commerce platform that will fundamentally transform how people shop, pay and save. The Isis mobile commerce platform will be available to all merchants, banks and mobile carriers. Isis is a trademark of JVL Ventures, LLC in the U.S. and/or other countries. Other logos, product and company names mentioned herein may be the trademarks of their respective owners.