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YESpay launches Mobile StoreManager enabling fast, easy and safe mobile NFC contactless payments

  (February 13, 2012)

London, UK and Toronto, Canada (PRWEB UK) 13 February 2012

YESpay International Limited has launched StoreManager, a Mobile Payments App, supporting Magnetic Swipe and Near Field Communication (NFC) Contactless card payments. Mobile smartphones based secure innovative payments solutions are now proliferating and the main driving forces are because more smartphones now have high-speed Internet connectivity, easy-to-use User Interfaces and NFC contactless reader capability as standard.

StoreManager App is available for Android, BlackBerry and iPhone smartphones and is in effect a mobile version of a point-of-sale card payments device for mobile merchants. Merchants can now apply for a payment account for just £9.99 per month with YESpay to process smartphone based card present or not present payments. They can also make recurring payments using pre-stored card tokens for regular customers. Online web registration process is available at with KYC (know-your-customer) checks via external credit checking companies such as Creditsafe and CallCredit.

Small, big, home-based or on-the-road businesses can use Mobile StoreManager from YESpay to process mobile payments whenever and wherever via smartphones. Merchants can now access detailed transaction reports, monitor fraud, control set-up and distribution of e-coupons, promotions and location-based-services and perform sale or refund card transactions, anywhere, anytime! said Supriya Rocha, SVP of Global Marketing at YESpay.

StoreManager App has the following simple user functions:
Manager: Merchant and store details and alerts and inbox messages
POS: Keyed, tokenised, mag-swipe and NFC contactless card payments
Reports: Merchant transactions reports with daily, weekly and monthly summaries
My Best: Top 10 stores and point of sale devices
Promotions: Discount coupons and promotions management

YESpay EMBOSS Payment Service host disseminates alert messages to the StoreManager App when potential fraud events are detected, e.g. high-level of refunds over a period or if a card is used repeatedly for multiple refunds in a day, week and month period.

StoreManager Mobile App is compliant with the following industry standards: Contactless PayPass and PayWave card schemes, PA-DSS and PCI-DSS security standards.

Mobile Internet (3G/4G) optimised payment protocols are used to communicate payment authorisation and capture messages with the YESpay EMBOSS payment service. EMBOSS in turn connects to major European, UK, Irish, US and Canadian Acquirers to authorise and clear payments. The complete authorisation process generally takes 2 to 4 seconds.

MasterCard PayPass Magstripe and Visa PayWave-MSD contactless chip payments use chip authentication process performed between the chip embedded in the card and the Card Issuer. The security is built around a dynamic Card Validation Code (CVC3) generated by the PayPass/PayWave card using its diversified secret key and Application Transaction Counter (ATC). The Smartphone requires a standard NFC reader.

Magnetic swipe card transactions are performed via a secure swipe reader connected to the smartphone jack. The swipe reader encrypts the swipe card track data securely using its diversified secret key and this card data is decrypted at the EMBOSS data centre. Hence card data is protected via point-to-point encryption. This type of transaction is performed when payment card does not have a contactless chip.

Keyed entry is used as a fall-back position if NFC contactless and magnetic swipe reader payment is not possible and the merchant captures the cardholder, CVV2 security code, Postcode number and signature and verifies the signature against that at the back of the card.

Mobile App Integration

StoreManager Web Services assist merchants in building four cornerstones of their multi-channel payment strategy: customer affinity, card payment risk mitigation, enhancing business performance and building customer trust.

In addition to web services, there is also a Merchant Integration API which provides a local device level way for merchant mobile commerce applications to integrate with the Mobile StoreManager card payment functions. This API is used to process card-present (keyed, mag-swipe and NFC contactless) and card-not-present payments locally within the smartphone.

Merchants and mobile app developers can contact YESpay International Limited via sales(at)yes-pay(dot)com or 0871 221 9510 to request integration guides and obtain more information about the YESpay mobile payments strategy.

About YESpay International Limited:

YESpay, a global card payments service company, provides highly secure Internet, EMV Chip & PIN, contactless and gift card payment processing services to independent and multi-chain merchants.

YESpay has significant expertise in NFC mobile developments and EMV payment systems. Integration and certifications with external card acquiring systems is a standard part of its business activities.

Through EMBOSS, the YESpay Managed Payment Service, merchants can quickly accept integrated card payments within EPOS, kiosks, hospitality and e-commerce systems with minimal capital investment and low on-going services costs. EMBOSS is an on-line IP-based payment processing service that has been generically pre-accredited by major Card Acquirers in Europe and North America (including Chase Paymentech, First Data Merchant Service (FDMS), Barclaycard Business, HSBC, HBOS, Lloyds Cardnet, Streamline, Ulster Bank, Elavon, PBS, Amex and Diners). In addition, the YESpay EMBOSS service is fully end to end certified to Payment Card Industry Data Security Standards (PCI DSS) Level 1 as mandated by Visa and MasterCard. The YESpay EasyV-Suite of card payment products is innovative and cost-effective for EPOS, Kiosk, Hospitality, Mobile and Internet environments. With the YESpay EMBOSS card payment service, merchants can perform card payments in both card-present and card-not-present environments.

YESpay International Ltd Offices:
UK Headquarters: Checknet House, 153 East Barnet Road, Barnet, EN48QZ, UK
116 Spadina Avenue, Suite 201, Toronto, M5V 2K6, Ontario, Canada

UK/Europe Telephone: +44 203 006 3790
USA/Canada Telephone: +1 416 214 6012 or freephone +1 866 YES PAY 1

PR Contact: Supriya Rocha, SVP Global Marketing, +44-203-006-3790 option 5 extension 460


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