  Vodafone has tied up with HybridPayTech, a division of Freeport Capital Inc. technology leader in the mobile payment space to provide connectivity for latter’s mobile payment service through its global machine-to-machine (M2M) platform
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The service allows businesses to equip mobile employees with smartphones or tablets that can securely process credit and debit card payments globally using Vodafone’s network. This will allow businesses to fully embrace mobile payments for the first time while also introducing new revenue stream and improving the customer payment experience.
HybridPaytech provides the world’s first completely secure, end-to-end mobile payment service that can process both credit and debit card transactions. It is currently the only company to implement adequate security measures to meet the strict criteria of the debit card firms. By allowing businesses to process credit and debit card transactions using standard smartphones and tablets, the market for mobile payments is expected to increase dramatically.
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Vodafone will provide global M2M SIM cards, remote device management tools and highly secure, worldwide connectivity for the mobile payment devices.
Massimo Barone, Founder & Chair of HybridPaytech’s Advisory Board, stated, “The fact that we can support both credit and debit cards means the mobile payment market can now really take off. By working with Vodafone we not only benefit from a highly secure, comprehensive global network – we also receive international SIM cards and management tools that make it easy to remotely monitor, repair and update the payment terminals.”
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Andrew Morawski, Head of M2M Americas, Vodafone, said, “ This won’t just help mobile businesses – it will give peace of mind to customers who, for example, would rather pay for pizza at the door on a secure card machine rather than sharing details over the phone.”
The fully PCI-DSS compliant service includes mobile applications for Apple, Android, Windows Phone and BlackBerry smartphones and tablets, which can support credit and debit payments through plug and play card-reading equipment. Alternatively, businesses can use standard mobile payment terminals. The encrypted transactions are sent from the mobile device over Vodafone’s network to HybridPaytech’s regional switch, which then authorises the payment through the debit or credit card provider.
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