IFAN Financial, Inc. (IFAN) – Developing Breakth
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Posted On: 03/17/2015 7:47:49 PM
IFAN Financial, Inc. (IFAN) – Developing Breakthrough Mobile Payment Technology
A modern financial infrastructure is emerging in many developing nations thanks to the power of mobile phones, and it is in this new virtual economy that IFAN Financial is establishing its operations.
Mobile payments are making waves worldwide. All across the globe, mobile payment services are enabling banking transactions in place of brick-and-mortar banking institutions, and steadily transforming lives. Markets differ but, typically, customers can use these cashless services to buy goods and services, pay bills, withdraw money and/or send money to friends and relatives living in rural settings. While such virtual payment services have not entirely replaced cash in the developing world, they are indicative of how much and how quickly mobile technology is changing daily life.
IFAN Financial and its subsidiaries design, develop and distribute software that enable mobile payments. With the company’s technologies, customers can use a debit card and matching PIN number to make peer-to-peer cash transfers or online purchases using a mobile phone, a tablet or a computer.
In early March 2014, IFAN announced that its subsidiary iPIN Technologies had achieved a couple of significant technological milestones under the company’s license agreement. These milestones involve the development of the front-end database that will enable a merchant processing transaction as well as the posting of the status of a financial transaction to the merchant call back uniform resource locator (URL). With the achievement of these major milestones, iPIN Technologies’ platform is roughly two-thirds complete.
The next and final developmental milestones consist of the back-end integration of the application with a merchant processing gateway and the completion of beta testing for Apple and Android operating systems. When these final milestones are reached, iPIN Technologies’ solution will comprise a mobile app, card reader and merchant network that allows customers to use their smartphones to make purchases conveniently and securely.
For more information, visit http://ifanfinancial.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
A modern financial infrastructure is emerging in many developing nations thanks to the power of mobile phones, and it is in this new virtual economy that IFAN Financial is establishing its operations.
Mobile payments are making waves worldwide. All across the globe, mobile payment services are enabling banking transactions in place of brick-and-mortar banking institutions, and steadily transforming lives. Markets differ but, typically, customers can use these cashless services to buy goods and services, pay bills, withdraw money and/or send money to friends and relatives living in rural settings. While such virtual payment services have not entirely replaced cash in the developing world, they are indicative of how much and how quickly mobile technology is changing daily life.
IFAN Financial and its subsidiaries design, develop and distribute software that enable mobile payments. With the company’s technologies, customers can use a debit card and matching PIN number to make peer-to-peer cash transfers or online purchases using a mobile phone, a tablet or a computer.
In early March 2014, IFAN announced that its subsidiary iPIN Technologies had achieved a couple of significant technological milestones under the company’s license agreement. These milestones involve the development of the front-end database that will enable a merchant processing transaction as well as the posting of the status of a financial transaction to the merchant call back uniform resource locator (URL). With the achievement of these major milestones, iPIN Technologies’ platform is roughly two-thirds complete.
The next and final developmental milestones consist of the back-end integration of the application with a merchant processing gateway and the completion of beta testing for Apple and Android operating systems. When these final milestones are reached, iPIN Technologies’ solution will comprise a mobile app, card reader and merchant network that allows customers to use their smartphones to make purchases conveniently and securely.
For more information, visit http://ifanfinancial.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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