SALT Technology, Inc. Announces Vicinity, a new Secure, Frictionless Payment Experience
Nov 03, 2014 ~ Posted by
Mobile Payments News
SALT Technology, Inc., (http://www.salt.com); providing the industry’s most complete, cloud-based mobile payments platform, today announced a new capability for its merchant customers and partners. This new function called ‘Vicinity’ is a new capability to bridge the divide between online, physical and mobile channels, simplifying and helping secure customer payment checkouts
(PRWEB) November 03, 2014
Vicinity is capable of recognizing when customers and their mobile phone are near a Vicinity-enabled online payment checkout experience as customers are checking out. When the customers’ mobile phone is in the vicinity of the online shopping session, such as a tablet or PC, Vicinity is presented as a payment option. The customer inserts their PIN and the purchase is completed. There is no requirement to login or use a guest-checkout. Vicinity could also be ultimately utilized for retail POS or networked embedded hardware such as kiosks or parking pedestals. More secure than typical online shopping sessions, Vicinity uses multi-factor authentication of customers including the customers PIN, mobile phone and location as factors. Secure storage of customer credentials is managed in SALTs PCI compliant cloud infrastructure.
“SALTs focus has been to create and process simple and secure payment experiences for customers. Vicinity builds on what we originally launched with our patented OneTouch mobile payment technology,” says Brian Bogosian, CEO of SALT. “For merchants, Vicinity provides a new way to simplify payment experiences for customers and to increase sales conversions. Merchants will also be able to retarget customers across any form-factor in situations where purchases are abandoned, giving them additional opportunity to convert sales. Vicinity can be integrated across any payment gateway or processor.”
The beta version of Vicinity will be available in November, as a module within the SALT OneTouch payment platform and will be made available to developers, 3rd party e-commerce platforms, and payment gateways for integration.
SALT will be at Money2020 November 2nd to 5th 2014, showcasing its technology for customers and partners. For more details about Vicinity:
http://www.SALT.com
About SALT Technology, Inc.
SALT Technology, Inc. is based in San Francisco, with offices in Toronto. SALT is redefining the user experience across any device or screen and delivering increased conversions for merchants and an easy and intuitive check out experience for consumers. SALTs platform is based on a highly secure, end-to-end PCI Compliant platform, with advanced fraud detection, developer friendly APIs, One Touch easy checkout, and secure token storage. SALT works with both large enterprise merchants that want more innovation to drive higher conversion, or a more cohesive check out experience across all channels; and to smaller e/m commerce merchants who want fast, easy and cost effective solutions.
More on SALT shaking up mobile payments…
SALT Technology, Inc. Announces OneTouch 2.0
November 01, 2014 – SALT Technology, Inc. (
http://www.salt.com (
http://www.salt.com)), providing the industry’s most complete, cloud-based mobile payments platform, today announced the launch and availability of the patented and ground breaking mobile OneTouch, version 2.0.
**********************************************************************************
Let's hope this agreement with SALT is nearby. Past 90 days due diligence now. Was hoping for something last week, but still waiting patiently and adding holdings.
SALT look like they are very capable and seem to be really on top of this technology and don"t appear to be a one trick pony.
Come on TSN let's get this together and soon for your loyal shareholders.
TSN - Creating shareholder wealth. WELL SHOW US SOME PLEASE ........
