Mobile Payment Pioneer Is First To Announce It Follows All Best Practices Unveiled By Visa On April 27th
BOSTON — ROAM Data, the leading mCommerce platform provider that extends both physical POS and eCommerce to the mobile environment, today announced that it is following the best practices and minimum standards for encryption guidelines for mobile payments released by Visa last month. After careful review, the company said its solutions meet or exceed all Visa guidelines for mobile payment acceptance solution vendors, from encrypting cardholder data at the time of swipe through authorization to encryption of key management processes.
Today there are multiple mobile card acceptance providers that are not compliant with either PCI security standards or best practices, leaving significant holes in their systems for card fraud. According to Visa, building security into the DNA of mobile acceptance solutions is necessary to help grow the channel and encourage innovation. Commenting on this, CEO and Founder of ROAM Data, Will Graylin, said, “From day one, we designed our solutions with security as a top priority. We are happy to announce that we meet all guidelines Visa put out for protecting mobile payments, and we will continue to meet or exceed industry guidelines to protect our customers and partners.”
ROAM Data offers ROAMpay as its turnkey mobile card acceptance solution that runs on hundreds of phones and is also compatible with the ROAMpay Swipe device, which is the world’s first encrypted mag stripe card reader that plugs into a phone’s audio jack. Mr. Graylin, who pioneered mobile phone POS as founder of WAY Systems (now part of Verifone), has now brought to market a more ubiquitous, lower cost and highly secure solution that works across the vast majority of smart phones, tablets and PCs. ROAM has leveraged its own patented technology, and has licensed exclusively and non-exclusively three other pieces of technology to enable its secure mobile card acceptance solutions.
ROAM partners with payment providers, integrators and app developers — who are incorporating mobile commerce into their offerings to merchants — to distribute its solutions. These customers and partners include First Data, Chase Paymentech, Intuit, Global Payments, Sage, Ingenico and hundreds more. ROAM won the 2010 Technology Innovation Award sponsored by the Electronic Transaction Association and is the leader in providing a scalable mCommerce platform that extends both POS and eCommerce to the mobile environment.
ROAM Data is the leading mCommerce platform provider that extends both physical Point of Sales (POS) and eCommerce to the mobile environment. It provides patented mCommerce software-as-a-service, payment peripherals, and development tools that enable scalable mobile commerce applications to help merchants win customer spend and loyalty. Its apps & tools turn merchants’ mobile devices into secure POS terminals to accept payment anywhere, and also enable consumers to accept remote offers and easily buy from their cell phones anytime.