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MonVia launches contactless-payment solution
April 16, 2007
MOUNTAIN VIEW, Calif. — MonVia, a firm that helps accelerate growth of early stage start-ups, announced the launch of MobiBucks, a mobile payment solution. With a cell phone number and four-digit PIN, consumers may make free and secure cashless transactions on everyday purchases through MobiBucks.
Available in heavily trafficked consumer locations such as cafés and gas stations, MobiBucks allows participating merchants and customers to access a payment system that mobilizes consumer cash and gift cards.
Features of MobiBucks include the ability to convert cash into electronic payments using a cell phone even if the cell phone is not on-hand; consumers can use a ubiquitous mobile-phone number as a unique identifier and a secure PIN to conduct commerce.
"By using a device that approximately 2 billion people already have, MobiBucks' patent-pending technology is the ultimate solution and the future of mobile payment," said Dave Barram, co-founder and chief executive of MobiBucks.
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