Payment technology provider 3V Transaction Services launched their new white label mobile money service, Moneybutton at the GSMA NFC Summit in Milan, today.
The company, whose clients include Telefónica, PayPal, eBay and Visa Europe, is offering a full service solution to mobile operators and other verticals intending to bring mobile financial services to market quickly.
Moneybutton is an instant-issue virtual Visa or MasterCard account created after in-app (Apple, Android, Blackberry or Windows) or online registration. The Visa or MasterCard debit account can be funded by bank transfer, payment cards, cash at over 350,000 retail locations, or by charging to a customer’s mobile bill.
The account can be used to instantly spend online, with the universal acceptance afforded by the Visa and MasterCard schemes, by NFC on NFC-capable devices, by QR code or by an optional linked chip and PIN debit card. Money can also be sent to anyone in the world in real time; if the recipient does not already have a Moneybutton account one will be created for them instantly and their balance credited. All functionality is supported by SMS to compensate for markets with lower Smartphone penetration.
Moneybutton can also include country or client-specific content such as mobile top up, bill pay, direct funds into online gaming e.g. xBox360 or direct transfer to a PayPal account.
Commenting at the launch in Milan, 3V CEO Kieron Guilfoyle called Moneybutton a game-changing innovation in payments. “Moneybutton is the most accessible mobile money application for consumers that offers them product propositions they need. It is also the fastest route to market for mobile operators looking to enter the mobile financial services space. Our clients will now be able to roll out a complete mobile money service, not limited to NFC or any specific handset or SIM requirements, with features that add value to all parts of their business. We operate a rapid deployment methodology that has minimal impact on an operator and can have them in market in a matter of weeks.”
3V – The Global Payments Platform Provider – Announce €5m Euro (US$6.5m) Series B to Fund Next Stage of US and European Expansion. Investment led by Atlanta based TTV Capital. TTV Capital invests in technology-enabled financial services businesses with notable success and bring’s a wealth of knowledge and experience in payments to the Company. 3V’s existing investors including Balderton Capital and Atlas Ventures also participated in the round. 3V is a recognised pioneer in the development of payment platform technologies designed to allow mobile operators and online retailers offer payment features and functions to customers in an increasingly interconnected world thus helping them decrease costs and create additional revenue opportunities. They offer a unique integrated approach to payments by combining mobile, card and web based technologies into one solution for both Issuing and Acquiring payment applications. With a suite of functionality that includes real time global P2P transfers, NFC and QR Code Acquiring the Company is well poised to exploit the explosive growth in payments by non financial institutions. The company currently operates in six countries and delivers solutions for clients such as Telefonica O2, VISA, PayPal and eBay. Commententing on today’s announcement, 3V CEO, Kieron Guilfoyle, said: ” This additional funding will allow us to scale our business to meet the growing needs of mobile operators and online retailers as they seek to enter the payments market across the globe. It will also help underpin our position as a leading innovator in payment platform development.Continue Reading »
3V set for European expansion LAURA SLATTERY DUBLIN-headquartered payments provider 3V has raised €5 million to fund its further expansion into the US and European markets in 2013. The investment round was led by Atlanta-based TTV Capital, a venture capital firm that specialises in technology-enabled financial services businesses. 3V, which operates in six countries, counts Telefonica, Visa, PayPal and eBay among its clients, and its technology is behind the O2 Money real-time payments system in Ireland for Telefonica. “The climate isn’t easy out there, but we operate in a space that’s quite hot at the moment,” said 3V chief executive Kieron Guilfoyle. Enterprise Ireland and 3V’s existing investors including Balderton Capital and Atlas Ventures, also participated in the fundraising. 3V, established in 2004, employs 40 in Dublin and also has offices in London, Amsterdam, Madrid and New York.Continue Reading »
Online transactions firm in €5m boost By John Walsh, Business Correspondent Monday, October 15, 2012 Dublin-based 3V Transaction Services has secured €5m in funding from TTV Capital to finance its expansion into the US and European markets next year. 3V specialises in developing payment platform technologies which enable mobile operators and online retailers to offer increasingly innovative payment procedures. Commenting on the announcement, 3V CEO, Kieron Guilfoyle, said, “This additional funding will allow us to scale our business to meet the growing needs of mobile operators and online retailers as they seek to enter the payments market across the globe. It will also help underpin our position as a leading innovator in payment platform development.” 3V was established in 2004 and has operations in six countries — Ireland, the UK, Holland, Spain, Canada and Germany. Its clients include O2, Visa, PayPal and eBay. Other investors in the company include Enterprise Ireland, Balderton Capital and Atlas Ventures. Leo McAdams, a manager at the financial services department of Enterprise Ireland, said: “The payments industry is a strong and growing sector in Ireland and 3V is an example of a payments company that continues to secure international success.” 3V also operates a global instant-issue virtual debit platform that currently serves over half a million customers, allowing them to instantly transact anywhere online without having to adapt shopping carts to facilitate payments. The company also provides open and closed loop gift-card solutions for online companies such as PayPal and eBay. This year the company built an online payments system for Visa to facilitate customers in 28 countries to purchase tickets for the London Olympics.Continue Reading »
By Julie Schicktanz on October 5, 2012 2:51 PM | No Comments Cloud-based point-of-sale system, ShopKeep POS,announced today that it has partnered with BlueStar, a distributor of mobility, POS, RFID, digital signage, and security technology solutions. Through this partnership, ShopKeep POS is able to provide a complete POS system, with software and hardware that uses BlueStar’s bundled “In-A-Box” offerings. It also gives ShopKeep POS access to more resellers. Now, 16,000 resellers across the U.S. will be able to buy the cloud-based solution directly from BlueStar and join the 3,000 locations that already use it. To learn more about ShopKeep POS, watch its FinovateFall 2012 demo.Continue Reading »