|By Marketwired .||
|December 10, 2012 06:00 AM EST||
SAN FRANCISCO, CALIFORNIA and TORONTO, ONTARIO and LONDON, UNITED KINGDOM -- (Marketwire) -- 12/10/12 -- Admeris, Inc., (www.admeris.com) today announced that it has changed its name to SALT Technology, Inc. (www.salt.com); under which it will bring the industry's most complete, cloud-based mobile payments platform. The SALT mobile payments solution comprises a brandable, consumer-friendly mobile wallet application, and cloud-based, mobile payment infrastructure. SALT simplifies the adoption and integration of both near field communication (NFC) and cloud-based mobile payments via any payment type or mobile device. The company also announced that it has moved its global headquarters to San Francisco, California, where its research and development, marketing, sales and executive leadership are based. The company is housed in a newly renovated office located at 89 De Boom Street, in the city's technology corridor "South of Market". SALT Technology, Inc. will continue to operate certain functions out of its Toronto, Canada and London, U.K. offices.
"Analysts estimate that mobile transactions will reach $617 billion worldwide by 2016, up from $105.9 billion in 2011(i) - growth that will fundamentally challenge financial institutions, carriers, and merchants as they rush to implement mobile payment strategies to capture new service revenues and meet the competitive threats of emerging payment paradigms which are encroaching on their traditional consumer relationships and market," said Brian A. Bogosian, Chairman, President & CEO of SALT Technology, Inc. "We are working to remove the costly technical and integration barriers that impede the broad adoption of mobile payments. Our innovative platform simplifies mobile payments for consumers, and makes implementing banded mobile payment services practical and profitable for MNOs, banks, merchants and others."
SALT Technology, Inc., named after the first currency used to conduct commerce, and around which civilizations were built, provides secure, simple contactless payment solutions that accelerate the adoption of mobile payments for mobile, online, or "tap-to-pay" transactions. With SALT, banks, merchants and MNOs are able to deliver mobile commerce services to consumers on any device, using any mobile operating system. More importantly, mobile payment alternatives such as NFC, cloud-based or even remote QR code-based payment services can be brought to market within a fraction of the cost and time required by existing approaches. SALT eliminates the need for banks to integrate with individual Trusted Service Manager (TSM) and Over the Air (OTA) provisioning requirements for each MNO, dramatically reducing the time and investment needed to bring a mobile payment service to market.
While industry experts agree that widespread use of mobile payments is inevitable, broad consumer adoption continues to be hampered by the inability for consumers to load all of their bank, credit, loyalty and merchant cards into a convenient mobile wallet that can be used for both online and offline transactions. The SALT solution directly addresses these requirements. SALT is built to accommodate consumers' natural purchasing behavior with convenient, frictionless, secure payment options at their fingertips, on their mobile device. For consumers, SALT is as easy to use as a physical wallet, with the added benefits of extreme security and constant tracking of account balances, transaction receipts, and loyalty points.
"Every member of the transaction value chain is rushing to find a way to leverage mobile payments while avoiding the massive time and expense overhead associated with integrating mobile payment infrastructure with existing payment processing systems; dealing with regulatory issues; or providing ironclad security for sensitive consumer data," added Bryan Rutberg, Chief Executive Officer of Rutberg & Company and SALT Technology board member. "SALT Technology has architected a unique approach and a powerful platform that will streamline the creation and launch of mobile payment services for a variety of organizations. We look forward to seeing these solutions accelerate the adoption of mobile payments across the global market."
In addition to the SALT Payment Platform, the company offers a patent-pending solution for a single, secure, universal payment credential for consumers. This credential, called the SALT Personal Payment Profile(TM), represents a variety of payment types, including credit and debit cards, loyalty points and even tickets or transit tokens in a secure mobile "wallet" application. The mobile wallet is powered by SALT, but branded by the MNO, financial institution or merchant. SALT is payment factor agnostic and allows consumers to purchase goods and services on their mobile device using NFC, online, or via any other payment factor such as QR codes.
Bogosian concluded: "Only SALT provides a solution that stretches from the consumer, through the entire payment value chain. Our approach puts mobile payments within reach for leading MNOs, banks, merchants and others while controlling costs and overhead. We look forward to a future where mobile payments are universal, and profitable for organizations that offer them, as well as simple, secure and valuable for the consumers who use them. We intend for SALT Technology to be fundamental to this eventuality."
About SALT Technology, Inc.
SALT Technology, Inc. is based in San Francisco, with offices in Toronto and London. The company was founded in Toronto, Canada by Founder Simon Law in 2008, and has been financed to date by insiders and an impressive list of private investors formerly from organizations including Apple and PayPal. SALT Technology, Inc. owns several patented and patent-pending technology innovations that comprise the foundation of the company's end-to-end payment platform. SALT provides an elegantly simple payment infrastructure that allows financial institutions, merchants and MNOs to bring branded mobile wallets to market quickly, on any device, and with any payment type. The SALT mobile wallet application establishes a highly secure SALT Personal Payment Profile(TM) for each consumer, and can contain any credit, debit, gift, loyalty card, transit token or ticket. SALT supports consumers' evolving digital lifestyles with simple, secure, convenient payment options for consumers, and provides new revenue opportunities for the companies who serve them. To learn more about SALT Technology, Inc., please visit http://www.salt.com.
(i)Research firm Gartner Inc. May 2012
All brand names referenced in this document are the sole property of their owners.
SALT Technology, Inc.
+1 (415) 271-9820
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Jul. 30, 2016 01:30 PM EDT Reads: 965
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Jul. 30, 2016 11:30 AM EDT Reads: 1,388
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Jul. 30, 2016 10:45 AM EDT Reads: 1,087
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Jul. 30, 2016 10:15 AM EDT Reads: 1,513
ReadyTalk has expanded the capabilities of the FoxDen collaboration platform announced late last year to include FoxDen Connect, an in-room video collaboration experience that launches with a single touch. With FoxDen Connect, users can now not only engage in HD video conferencing between iOS and Android mobile devices or Chrome browsers, but also set up in-person meeting rooms for video interactions. A host’s mobile device automatically recognizes the presence of a meeting room via beacon tech...
Jul. 30, 2016 10:00 AM EDT Reads: 529
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Jul. 30, 2016 10:00 AM EDT Reads: 2,182
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...
Jul. 30, 2016 09:15 AM EDT Reads: 1,657
On Dice.com, the number of job postings asking for skill in Amazon Web Services increased 76 percent between June 2015 and June 2016. Salesforce.com saw its own skill mentions increase 37 percent, while DevOps and Cloud rose 35 percent and 28 percent, respectively. Even as they expand their presence in the cloud, companies are also looking for tech professionals who can manage projects, crunch data, and figure out how to make systems run more autonomously. Mentions of ‘data science’ as a skill ...
Jul. 30, 2016 09:00 AM EDT Reads: 608
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
Jul. 30, 2016 08:00 AM EDT Reads: 771
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Jul. 30, 2016 07:45 AM EDT Reads: 2,417
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Jul. 30, 2016 07:45 AM EDT Reads: 727
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it ...
Jul. 30, 2016 07:30 AM EDT Reads: 540
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
Jul. 30, 2016 07:30 AM EDT Reads: 1,695
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Jul. 30, 2016 05:15 AM EDT Reads: 2,720
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
Jul. 30, 2016 04:00 AM EDT Reads: 2,148
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
Jul. 30, 2016 03:00 AM EDT Reads: 1,665
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
Jul. 30, 2016 02:45 AM EDT Reads: 1,505
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
Jul. 30, 2016 02:15 AM EDT Reads: 1,201
“delaPlex Software provides software outsourcing services. We have a hybrid model where we have onshore developers and project managers that we can place anywhere in the U.S. or in Europe,” explained Manish Sachdeva, CEO at delaPlex Software, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 30, 2016 02:00 AM EDT Reads: 1,700
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Jul. 29, 2016 10:15 PM EDT Reads: 2,090