AnywhereCommerce, a global payments technology provider, announced it has entered into a strategic alliance with PayToo and Mobilepaid to deliver a multifaceted mobile payment acceptance solution that can support a variety of payment presentation technologies.
Available for download on all common smartphones and tablets, the new app relies on AnywhereCommerce's patented audio-jack technology to transform any smartphone or tablet into a highly secure mPOS (mobile point-of-sale) terminal. Through this technology, merchants worldwide can accept payments made through traditional magnetic stripe, EMV chip, and NFC platforms.
The unique partnership between AnywhereCommerce, PayToo, and Mobilepaid forms the foundation for servicing over 25 million small retailers and more than three billion unbanked consumers worldwide. AnywhereCommerce brings its patented suite of secure mobile card-present payment accepting appliances to the relationship, while PayToo adds its Global Mobile Wallet acceptance solution, and Mobilepaid provides proprietary software technology that transforms any smartphone or tablet into a secure and efficient mPOS device.
"We are delighted to enter into this groundbreaking alliance with PayToo and Mobilepaid," said Mitchell Cobrin, founder and chief executive officer of AnywhereCommerce. "The combination of our respective solutions results in a viable and completely accessible mobile payment application that will directly benefit merchants and consumers worldwide."