Partnership with Vodafone D2 and O2 - Ingenico
Partnership with Vodafone D2 and O2 - Ingenico
Partnership with Vodafone D2 and O2 - Ingenico
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Press Information<br />
<strong>Partnership</strong> <strong>with</strong> <strong>Vodafone</strong> <strong>D2</strong> <strong>and</strong> <strong>O2</strong><br />
easycash is the new strategic partner for the online<br />
payment process mpass<br />
EuroCIS, Dusseldorf, Germany, March 2010. easycash is the new strategic payment<br />
partner for the payment process mpass. mpass payments will in future also be processed<br />
via easycash’s high-performance network; the focus here is on direct debit payments.<br />
Developed by the telecommunications service providers <strong>Vodafone</strong> <strong>D2</strong> <strong>and</strong> Telefónica <strong>O2</strong><br />
Germany, mpass provides maximum security for online payments <strong>with</strong> an additional<br />
authentication by mobile phone.<br />
"As an established partner of the retail industry, easycash benefits our system <strong>with</strong> its<br />
contacts <strong>and</strong> extensive B2B expertise", emphasises Jochen Bornemann, Head of<br />
Payments & Enabling Services at <strong>Vodafone</strong> <strong>D2</strong> GmbH.<br />
Michael Kurz, Head of Corporate Wholesale Telefónica <strong>O2</strong> Germany is equally<br />
enthusiastic: "Our new partner puts us in a position to minimise the default risk of direct<br />
debits on behalf of our retailers, representing a significant advantage for shops using the<br />
mpass system."<br />
"Together we will continue to develop mpass", proclaims Dr. Andreas Marra, Head of<br />
Product Development at easycash <strong>with</strong> confidence. "Compared to other providers, the<br />
system has decisive benefits, particularly in relation to the security aspect that is so<br />
important in e-commerce for the retail industry <strong>and</strong> consumers, due not least to the<br />
combination of internet <strong>with</strong> confirmation of payment via mobile phone. Another<br />
important benefit is that there is no need for registration <strong>and</strong> private personal<br />
information such as account <strong>and</strong> credit card numbers do not form part of the payment<br />
process."<br />
Persuasive arguments for retailers <strong>and</strong> consumers<br />
Combined <strong>with</strong> easycash's innovative risk management system, secure online payments<br />
are guaranteed. The consumer can rest assured that credit card data are not relayed<br />
across the internet <strong>and</strong> transactions are only initiated once confirmed by means of a<br />
personal mobile phone. With mpass the retailer has the benefit of using a widely<br />
available secure e-commerce payment process based on the combination of extensive<br />
mobile phone network coverage <strong>and</strong> an established direct debit system.
Press Information<br />
Looking into the future <strong>with</strong> a strong partner<br />
The reason for the choice of easycash as the new partner for the mpass system is largely<br />
due to the fact that the company enjoys the position of being the largest "bank-neutral"<br />
payment processer. Managing over a billion transactions per year <strong>with</strong> a processed<br />
turnover volume of 50 billion Euro, easycash possesses the necessary resources to<br />
execute the anticipated transaction volume. Another crucial factor is the robust risk<br />
management system implemented by the Ratingen-based network operator.<br />
mpass – the right level of security for retailers <strong>and</strong> consumers<br />
mpass employs an additional payment authorisation in order to make online payments<br />
secure. <strong>Vodafone</strong> <strong>and</strong> <strong>O2</strong> contract customers can use mpass immediately, <strong>with</strong> no need<br />
to register, to execute internet payments by entering their mobile phone number <strong>and</strong> a<br />
personally chosen mpass PIN. The customer then receives a text message which requires<br />
the response "Yes" to confirm the purchase. The risk of becoming a victim of fraud due to<br />
stolen data is effectively minimised.<br />
The partnership <strong>with</strong> the two telecommunications service providers <strong>Vodafone</strong> <strong>and</strong> <strong>O2</strong><br />
means that payment defaults are significantly reduced on the retailer side while also<br />
strengthening easycash's risk management system.<br />
Together, <strong>Vodafone</strong> <strong>and</strong> <strong>O2</strong> account for around 50% (<strong>O2</strong> ≅ 16 million, <strong>Vodafone</strong> ≅ 39<br />
million) of the 110 million registered mobile phone users in the country. Customers of<br />
other German mobile phone service providers can use mpass after completing a simple<br />
registration process – the same applies to users of prepaid cards. Retailers who have<br />
already signed up include blume2000.de, mymuesli.com, cinemaxx.de <strong>and</strong><br />
konzertkasse.de. easycash maintains some 92,000 retailers in its network providing them<br />
<strong>with</strong> an enhanced secure online payment process.