FonWallet Exiting Stealth Mode and into Production
FonWallet Transaction Solutions has announced the end of what company founder and CIO, Todd Coulter, refers to as their "stealth" phase. "Our goal," says Coulter, "was to develop the first cohesive m-based platform capable of delivering any transaction uniformly across all four payment interfaces (m-commerce, e-commerce, h-commerce and point-of-sale). This gives FonWallet users a very simple, convenient, and identical purchasing experience while adding greater account security, single-step checkout, and positive customer identification." With FonWallet, consumers will be able to finally leave their wallet at home and conveniently and confidently make purchases using a cell phone.
"What we've developed," says Gary Mortensen, President, "is the first-to-market platform allowing users to easily make secure transactions with any payment method from their mobile device while delivering direct benefits for banks, mobile carriers, card issuers, merchants and cardholders. We can measurably reduce complexities, cost and the possibility of fraud throughout the entire payment transaction chain."
FonWallet's methodology and unique design works uniformly across all payment interfaces and is not limited solely to card-based transactions but can handle any type of payment and transaction application including ACH, Bill Pay, Checks, Insurance, Health Payments, and any other transaction method. "This capability is significant and allows our partners to aggressively attack a broad range of markets with a single unified solution," says Coulter.
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