Mobile Payment Magazine

moneto Enhances Mobile Payment Program with Product Upgrades and New Features

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Richardson, TX (PRWEB) August 28, 2012

Moneto, a multi-platform Near Field Communication (NFC) based mobile payment service for iPhone and Android, announced today various enhancements that add to the unique program. The upgraded program comes equipped with new products, additional features, more handset support, lowered pricing and a brand new website.

“We’re excited to release the enhanced moneto mobile service,” said Youri Bebic, DeviceFidelity’s General Manager for moneto programs. “We’ve made the program smarter and more feature rich to ensure we give our customer base what they want. Our multi-platform mobile payment solution is proud to be fundamentally customer focused, and we are responding to the marketplace with an irresistible value proposition.”

Now moneto becomes the first payment app to combine NFC in-store payment with free person-to-person money movement capability within the program.

This new “Money Move” feature is available to both iPhone and Android consumers through the moneto app and allows electronic instantaneous movement of money from one moneto cardholder to another, at no charge. With this new feature, moneto users will be able to send their friends and relatives money quickly, making group dining and outings easy to manage by eliminating inconvenient trips to the ATM.

NEW PRODUCTS:

More storage for Android users
In direct response to customer feedback, the moneto mobile wallet for Android now comes with 4GB of additional storage for photos, videos. The additional storage will allow an Android user to have NFC for mobile payment transactions on their Android device along with four times the storage.

In addition to expanded storage, the moneto mobile wallet for Android now includes mobile device support for the Samsung Galaxy SII (AT&T and T-Mobile), Samsung Infuse 4G (AT&T), and HTC Sensation 4G (T-Mobile) devices. These four devices join the Samsung Galaxy S i9000, Samsung Vibrant, Samsung Fascinate, Samsung Mesmerize, Samsung Showcase, Samsung Galaxy S 4G and the Samsung Epic 4G devices. The addition of the popular Android devices provides millions the access to NFC on their phone for mobile payments, allowing consumers to make in-store purchases where MasterCard® PayPass is accepted.

More battery juice for iPhone users
An exciting new addition to the lineup of popular NFC cases for iPhone is moneto X. Designed to work with the moneto microSD, moneto X includes the iCaisse4X, a powerful and multi-functional case that allows iPhone users to fully utilize the moneto features together with an extended battery providing additional talk and surf time

The new design is an amazingly protective and stylish hard shell two-piece case that allows iPhone owners to simply slide in their phone and instantly make mobile payments. The case itself doubles as an additional source of power complete with an extended battery that is controlled and monitored directly from the case. For the traveler constantly on the go with limited access to recharge, moneto X is one of the only extended battery cases on the market with a removable battery allowing users to carry yet another charged battery. The ingenious moneto X case is the only iPhone solution to harness the power of NFC for the iPhone while being fully equipped with an external battery pack.

WEBSITE
moneto’s new online website offers a more comprehensive look at the program as well as a fresh new design. The new website will allows visitors to get a better sense of the revamped program, easily obtain information, as well as access their online account to utilize such features as online bill pay, direct deposit and online card to card transfers.

NO MORE MONTHLY FEES
You can now use the moneto prepaid debit MasterCard® for FREE with NO monthly fees for the first three months. Plus, each additional month where at least $300 is spent is absolutely free*. For non-qualifying months, a market low monthly fee of only $2.95 will be charged.

PRICING & AVAILABILITY
The moneto mobile wallet is available for order online at moneto.com. moneto now offers three main products: moneto X with extended battery for iPhone retails for $79.96, the original moneto mobile wallet for iPhone with the new lower retail price of $59.95 and moneto 4GB for Android for $29.95.

Every moneto kit comes with a moneto microSD, a patented NFC case or NFC antenna sticker applicator, a prepaid debit MasterCard allowing users to access ATM’s nationwide, and $10 preloaded onto the account. The FREE moneto app can be downloaded from the Android Market or Apple App Store and comes complete with a reload feature to add funds to moneto, a locator that lists merchants that accept NFC payments by zip code or current location, and the new Money Move card-to-card transfers.

Source: Moneto

DeviceFidelity and SpringCard Launch Moneto NFC Phone Cases as Mobile Wallet Solution

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Moneto, developed by DeviceFidelity, Inc. and Spring Card Systems, announced today the launch of its mobile payment solution–the moneto iPhone wallet, which is powered by MasterCard PayPass technology and linked to a general purpose reloadable MasterCard prepaid card.

“For over a decade, MasterCard has led the transformation of mobile phones into secure mobile payment devices,” said James Anderson, senior vice president, Mobile and Emerging payments at MasterCard. “We are excited to partner with moneto so that iPhone users can enjoy the convenience of paying for purchases with a simple ‘tap’ at thousands of PayPass locations around the globe.”

The moneto mobile payments technology uses a NFC-enabled microSD chip embedded in a patented, protective iPhone case. iPhone users sign up at moneto.me to receive the case, install the moneto app from the app store, and activate their account. Users can launch the moneto app to view their account balance, check transaction history and make everyday in-store purchases with a tap of their iPhone at any PayPass-enabled contactless payments reader at the point of sale. Users can fund their moneto prepaid account through direct deposit, ACH transfer or cash/credit/debit card-enabled third-party money transfer services such as MoneyGram, Western Union, PayPal or GreenDot.

“As this breakthrough mobile wallet launches in the US, it not only makes mobile payments available to iPhone users for the first time but it also opens the door for consumers to adopt NFC while pushing mobile commerce forward,” said Deepak Jain, DeviceFidelity President and CEO. “We are excited to partner with MasterCard and SpringCard to break the barriers for a rapid effective rollout that will spur both consumers and merchants to adopt this new wave of electronic commerce.”

moneto also comes with a companion prepaid MasterCard to give users the ability to access cash at ATMs and make online purchases, pay bills or shop at merchants that do not accept contactless payments. moneto also enables card-to-card and wire-fund transfers from a secure internet portal accessible via moneto.me.

“Consumers have been hearing about NFC and mobile wallets for years, now with moneto they can finally start using it and with the most popular smartphone device on the planet. The moneto mobile wallet app is focused on delivering a faster and easier shopping experience that is consumer friendly,” said Kevin Haddad, president of SpringCard. “Our vision is simple: People who use our applications should not have to worry ‘Will this work with my phone?’ as consumers can easily make secure purchases regardless of their phone, carrier, or bank.”

Safety and Security

Moneto users can prevent unauthorized access to their account using a PIN that is safely stored in a secure chip inside the microSD. The sleek and durable case design protects the iPhone and the NFC enabled microSD securely stores and encrypts the card information. Additionally, the moneto account is backed by MasterCard’s Zero Liability, which protects consumers against unauthorized purchases.

Availability

moneto for iPhone will be available for online ordering in the U.S. immediately at moneto.me for $79.95 which includes $10.00 of pre-loaded funds. The moneto mobile wallet is available in limited release on the iPhone 4S, iPhone 4, iPhone 3GS, and iPhone 3. A number of Android models will also be supported by 2Q12. Additional phone support will be added throughout the year.

The moneto prepaid MasterCard card is issued by University National Bank, member FDIC, pursuant to a license from MasterCard International Incorporated. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.

Source: PR Web