By Telecom Lead Team: Ingenico, a worldwide provider of
payment solutions, has invested more in ROAM Data, a mCommerce
platform-as-a-service provider, to fuel its growth and to jointly offer its
mCommerce solutions to payment service providers.
Ingenico initially invested in ROAM Data in November
2009, taking a 43 percent stake when it was first launching its solution. ROAM
experienced more than 600 percent growth in revenue annually in the past two
years.
It plans to leverage this new round of funding to
accelerate its market share and provide additional products and services for
its payment service provider partners. It will also further strengthen its core
competence and solutions to its customers.
This new investment will provide us the fuel to create
even more mobile commerce innovations and to deliver the best solutions
possible to partners and customers around the world,” said Will Graylin, CEO of
ROAM Data.
ROAM does not market directly to small merchants. Its
list of partners include merchant service providers such as Global Payments,
Sage Payment Systems, Vantiv, North American Bancard, Total Merchant Services,
First Data, Chase Paymentech and nearly 300 other domestic and international
distribution partners.
ROAM offers tools for developers to build their own
applications using ROAM’s platform, and to allow merchants to use their
existing merchant accounts. ROAM’s 3rd generation G3X mobile reader is
best in class, supports hundreds of devices, from iOS, Android and Blackberry,
to PCs and Macs, covering more compatible mobile devices than all other
competing readers combined. ROAM’s patented and patent pending solutions enable
Merchant Service Providers to compete with the best technology in the fast
changing mCommerce market.
ROAM’s solutions allow merchants to accept card payments
on mobile devices, and allow consumers to easily make purchases in mobile
shopping apps and ads. ROAM Data provides the total mCommerce platform
including hardware peripherals, software, tools and services for merchant service
providers to deliver powerful mobile commerce solutions to their merchants
securely.
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