Welcome!

News Feed Item

PayWith introduces the revolutionary mCard

Launch of simple, secure mobile payment solution a game-changer for payments industry

VANCOUVER, March 13, 2014 /PRNewswire/ - A new method of mobile payment has arrived that will change how merchants and shoppers interact.  PayWith Inc., a Vancouver-based company, has launched an innovative new smartphone app that simply and securely enables in-store transactions with mobile devices.

(Photo: http://photos.prnewswire.com/prnh/20140313/MM82607-a)

(Photo: http://photos.prnewswire.com/prnh/20140313/MM82607LOGO-b)

PayWith has signed a North American licence agreement with a leading global payment network that allows PayWith to provide merchants and consumers with a highly secure and convenient smartphone-based payment, loyalty rewards, and commission sales solution.

Over the last two years, PayWith created a new technology platform and developed the revolutionary mCard.  Led by CEO David Strebinger and a consortium of leading businessmen and entrepreneurs, PayWith has invested over $10-million dollars to bring this mobile payments solution to market.

"The mCard is a really simple way for shoppers to securely purchase goods and services using nothing more than their phone.  Merchants who sign up to use this PayWith technology will be able to offer a convenient and secure mobile payment platform and open a new door to marketing directly to their customers - with no new hardware or software required," says Strebinger.

With this license agreement, millions of merchants in North America who are able to process credit cards can choose to accept mCards and engage with their customers on a whole new level using the PayWith platform.

PayWith's suite of services includes mobile payment, loyalty rewards programs, customer acquisition campaigns, mobile gift cards, a range of social media marketing, fund-raising for non-profits and associations, as well as customer tracking and analytics for merchants. PayWith does not share data relating to the consumer's purchase of a mCard with any third party.

"PayWith is out to solve the problem of mass merchant adoption of mobile payments.  The largest barrier to entry PayWith sees with other mobile-based payment and loyalty rewards solutions on the market revolves around the merchant needing new hardware and software and the added fees, expenses and training required by merchants to participate.  Using PayWith, merchants do not have any technical, financial or security related barriers to overcome," says Strebinger.

The easy-to-use, secure mCard combined with the PayWith platform opens the door for merchants to connect with current and future customers in ways never before possible. This gives shoppers a real incentive and a compelling alternative to cash and plastic cards. 

As mobile technology continues to shape the shopping experience, the value of the payments industry is set to increase dramatically.  In North America, the mobile payments industry is projected by Forrester to be a multi-trillion dollar industry in less than three years.  Canada is primed for payment transformation like no other country in the world with the highest existing per capita use of mobile payment technology.  With 80 per cent of Canadians now owning smartphones, PayWith estimates 90 per cent will be able to engage in mobile payments by 2016.

"PayWith has successfully developed the first-ever platform for secure mobile payments combined with mobile marketing," adds Strebinger.  "With a North American licencing agreement in place, PayWith is uniquely positioned to take advantage of the transformation in payments and marketing which is well underway.  The introduction of the mCard will help transform how merchants and shoppers interact by making the "mobile wallet" a reality, available to anyone with a smartphone."    

About PayWith Worldwide
PayWith Worldwide (www.PayWith.com) provides merchants an ultra simple solution for transacting mobile payments, running rewards and loyalty campaigns and selling branded gift cards without any new hardware or software.  PayWith is focused on merchant profitability and quantifiable exposure. At the core of the PayWith platform for merchants is a "Pay Per Result" marketing system that tracks the ROI of every marketing campaign. Consumers "Pay With" branded mCards using their mobile phones and merchants receive relevant customer data and analytics that helps drive more customers spending more money more often.

SOURCE PayWith Worldwide Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
IoT device adoption is growing at staggering rates, and with it comes opportunity for developers to meet consumer demand for an ever more connected world. Wireless communication is the key part of the encompassing components of any IoT device. Wireless connectivity enhances the device utility at the expense of ease of use and deployment challenges. Since connectivity is fundamental for IoT device development, engineers must understand how to overcome the hurdles inherent in incorporating multipl...