Atlanta, GA – March 6, 2012. Ingenico (Euronext: FR0000125346 - ING), the leading worldwide provider of payment solutions, today announced its strategic partnership with ISIS, the joint venture between AT&T, T-Mobility 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.
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.
The new partnership 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 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.