Welcome!

Virtualization Authors: Pat Romanski, Carmen Gonzalez, Elizabeth White, Lori MacVittie, Anne Buff

News Feed Item

Admeris Becomes SALT Technology, Inc.; Moves Global Headquarters to San Francisco

Mobile Payments Innovator to Expand R&D, Marketing, and Business Development In New Office in San Francisco Tech Corridor "South of Market"

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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
SYS-CON Events announced today that AgilePoint, the leading provider of Microsoft-centric Business Process Management software, will exhibit at SYS-CON's 2nd International @ThingsExpo which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. AgilePoint is the leading provider of Microsoft-based Business Process Management (BPM) software products, has 1,300+ on-premise and cloud deployments in 25+ countries and provides the same advanced BPM feature set as J2EE vendors like IBM and Appian for the Microsoft .NET native environment. AgilePoint customer...
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at Internet of @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., will show what is needed to leverage the IoT to transform your business. He will discuss opportunities and challenges ahead for the IoT from a market and tec...
SYS-CON Events announced today that Utimaco will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Utimaco is a leading manufacturer of hardware based security solutions that provide the root of trust to keep cryptographic keys safe, secure critical digital infrastructures and protect high value data assets. Only Utimaco delivers a general-purpose hardware security module (HSM) as a customizable platform to easily integrate into existing software solutions, embed business logic and build s...
One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, will describe an IoT-specific approach to user experience design that combines approaches from interaction design, industrial design and service design to create experiences that go beyond simple connected gadgets to create lasting, multi-device experiences grounded in people’s real needs and desires.
SYS-CON Events announced today that TeleStax, the main sponsor of Mobicents, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. TeleStax provides Open Source Communications software and services that facilitate the shift from legacy SS7 based IN networks to IP based LTE and IMS networks hosted on private (on-premise), hybrid or public clouds. TeleStax products include Restcomm, JSLEE, SMSC Gateway, USSD Gateway, SS7 Resource Adaptors, SIP Servlets, Rich Multimedia Services, Presence Services/RCS, Diame...
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Open Innovation Center. Can you elaborate on your commitment to keep the platform open? Jacopo Lenzi: Samsung recognizes that true, accelerated innovation cannot be driven from one source, but requires a...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at Internet of @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, will discuss how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money! Speaker Bio: Esmeralda Swartz, CMO of MetraTech, has spent 16 years as a marketing, product management, and busin...
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, will address the big issues involving these technologies and, more important, the results they will achieve. How important are public, private, and hybrid cloud to the enterprise? How does one define Big Data? And how is the IoT tying all this together?
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
SYS-CON Events announces a new pavilion on the Cloud Expo floor where WebRTC converges with the Internet of Things. Pavilion will showcase WebRTC and the Internet of Things. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices--computers, smartphones, tablets, and sensors – connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades.
The only place to be June 9-11 is Cloud Expo & @ThingsExpo 2015 East at the Javits Center in New York City. Join us there as delegates from all over the world come to listen to and engage with speakers & sponsors from the leading Cloud Computing, IoT & Big Data companies. Cloud Expo & @ThingsExpo are the leading events covering the booming market of Cloud Computing, IoT & Big Data for the enterprise. Speakers from all over the world will be hand-picked for their ability to explore the economic strategies that utility/cloud computing provides. Whether public, private, or in a hybrid form, clo...
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridsto...
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, a...
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at Internet of @ThingsExpo, Andrew Bolwell, Director of Innovation for HP’s Printing and Personal Systems Group, will discuss how key attributes of mobile technology – touch input, senso...
The Internet of Things (IoT) is making everything it touches smarter – smart devices, smart cars and smart cities. And lucky us, we’re just beginning to reap the benefits as we work toward a networked society. However, this technology-driven innovation is impacting more than just individuals. The IoT has an environmental impact as well, which brings us to the theme of this month’s #IoTuesday Twitter chat. The ability to remove inefficiencies through connected objects is driving change throughout every sector, including waste management. BigBelly Solar, located just outside of Boston, is trans...
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics...
Internet of @ThingsExpo Silicon Valley announced on Thursday its first 12 all-star speakers and sessions for its upcoming event, which will take place November 4-6, 2014, at the Santa Clara Convention Center in California. @ThingsExpo, the first and largest IoT event in the world, debuted at the Javits Center in New York City in June 10-12, 2014 with over 6,000 delegates attending the conference. Among the first 12 announced world class speakers, IBM will present two highly popular IoT sessions, which will take place November 4-6, 2014 at the Santa Clara Convention Center in Santa Clara, Calif...
From a software development perspective IoT is about programming "things," about connecting them with each other or integrating them with existing applications. In his session at @ThingsExpo, Yakov Fain, co-founder of Farata Systems and SuranceBay, will show you how small IoT-enabled devices from multiple manufacturers can be integrated into the workflow of an enterprise application. This is a practical demo of building a framework and components in HTML/Java/Mobile technologies to serve as a platform that can integrate new devices as they become available on the market.
SYS-CON Events announced today that O'Reilly Media has been named “Media Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. O'Reilly Media spreads the knowledge of innovators through its books, online services, magazines, and conferences. Since 1978, O'Reilly Media has been a chronicler and catalyst of cutting-edge development, homing in on the technology trends that really matter and spurring their adoption by amplifying "faint signals" from the alpha geeks who are creating the future. An...
SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue business and deliver exceptional experiences to their customers.