Viableware, has formalised a mobile wallet strategy involving leading companies in the mobile payments industry. While the firm is not yet legally able to announce its strategic m-wallet partners, it remains the payment provider looking to support mobile wallet payments at full-service restaurants around the country. The firms RAIL payment platform for full-service restaurants conveys this.
“In the coming weeks we’ll be able to announce the strategic partnerships we have in place that position our payment technology at the forefront of the full-service restaurant industry,” said Joe Snell, CEO of Viableware. “From its origin, the RAIL platform was designed with m-wallet providers in mind – so we couldn’t be more pleased that the payments industry has taken notice and shown great interest in our roll-out later this quarter.”
Viableware’s RAIL payment platform is being piloted in a number of restaurants in an effort to securely accept payments at the table. The platform utilises handheld devices designed to replicate the look and feel of the typical leather folder that is the industry standard for bill presentation at full-service restaurants. However, the RAIL devices can split the bill, calculate the tip, and email a receipt at the touch of a finger. Most importantly, it allows the guest to self-swipe their own card and retain possession of it throughout the transaction, mitigating card information theft.
According to a recent report from Javelin Strategy & Research, Visa and PayPal top the list of consumers’ preferred mobile wallet providers at 15% and 13% while mobile network operators Verizon and AT&T (with the Isis wallet), and Apple, are close behind. The study also indicates that as new mobile devices and technologies enter the market, demand for mobile payments and POS purchasing will increase.
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