Under the deal, DeviceFidelity will integrate its In2Pay technology with Monitises’s mobile financial services and user interface design to allow financial institutions to provide their customers with contactless transaction capabilities. The Monitise-developed user interface can be integrated with various mobile banking applications, enabling financial institutions to offer their customers a suite of mobile services, including mobile payments, balances inquiries, mini-statements, bill payment as well as funds transfers.
DeviceFidelity’s In2Pay is a microSD-based technology that transforms a mobile phone with an available memory card slot into an interactive contactless transaction device. The In2Pay “plug-and-play” technology provides an alternative for installing NFC contactless transaction functionality on mobile phones which are already in use. In2Pay is designed to be compatible with existing merchant, mass-transit and bank infrastructure, allowing one-click access to payments and other personal access control features.
For handsets without a microSD slot, DeviceFidelity has developed a protective case which accepts the In2Pay microSD slot card and allows smartphone applications to communicate through the phones universal connector.
Most recently, DeviceFidelity has launched the In2Pay iCaisse4 plug-and-play mobile payment product. In2Pay iCaisse4 is a specially designed protective case that enables the iPhone 4 users to make payments at contactless-enabled merchants worldwide.
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