CorFire integrates its wallet with Payfone
Mobile tech company CorFire is teaming with mobile commerce company Payfone to integrate its mobile wallet into Payfone's remote m-commerce solution. CorFire, a part of SK C&C USA, said the partnership will let merchants deliver fast and secure solutions without compromising security or the consumer experience.
"By integrating Payfone's technology with CorFire's mobile offerings, we streamline mobile commerce for the retailer and provide a secure channel for consumers to fully leverage mobile," said Jon Squire, CMO of CorFire. "The process eliminates lengthy account entry and ensures the legitimate end-user is in possession of the phone where the merchant m-commerce app is installed."
Like other mobile wallets, CorFire's CorPay solution "virtualizes" the physical wallet, letting consumers digitally store their payment accounts and credentials. Payfone provides authentication services by linking a consumer's "identity" on a mobile network to a payment or transaction. By combining CorFire's wallet with Payfone's services, merchants will be able to offer consumers a more secure, streamlined checkout process on mobile devices.
"Payfone and CorFire will remove key barriers to merchant m-commerce app adoption by eliminating the friction that most mobile shoppers experience while maintaining secure transactions," said Matthew Tucker, chief operating officer at Payfone. "Eliminating the hassles surrounding mobile commerce is a significant step in driving adoption rates and acceptance."
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