IFAN
Financial announced that its iPIN Technologies subsidiary has achieved two
significant milestones as part of the company’s license agreement. The
achievements involve the successful development of the user interface including
integration with the Android application package file (APK) and the ability to
read and transfer data from the card swipe device to the mobile phone
application. Under the license agreement, other pending milestones are
considered ongoing and will involve posting the status of the transaction to
the merchant call back URL and developing the front-end database to enable a
merchant processing transaction. At its conclusion, the iPin Technologies
solution will involve a mobile app, card reader, and merchant network that will
give the consumer the ability to use their smart phone when making purchases.
Worth
noting is that Google and Apple have approved the IFAN Financial’s Quidme
platform for their mobile app stores. This enables the Quidme application to be
distributed for all Apple iPhones and tablets in the iTunes Store as well as
for most Android devices through Google Play. Quidme is positioned as a
next-generation, online payment technology that assists consumers in making
peer-to-peer cash transfers or online purchases using a computer, mobile phone
or tablet.
IFAN
Financial President and CEO J. Christopher Mizer commented, “Mobile commerce is
a fast-growing worldwide trend and we’re excited to announce our progress in
this dynamic industry. Development of the iPIN Technologies and Quidme mobile
payments products are proceeding and we expect to launch the products on a
commercial basis during the first quarter of 2015.”
IFAN
Financial, Inc. along with its wholly owned subsidiaries design, develop and
distribute solutions that make mobile payments possible. These include the
ability to use a debit card and associated PIN for making purchases online on a
mobile phone, tablet, or computer and for making peer-to-peer cash transfers.
The company is based in San Diego, California.
For more
information on the company, visit www.ifanfinancial.com
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