Digital River Launches Beanstream Mobile Payment Solutions
Merchants now able to accept encrypted credit transactions on-the-move with white-labeled iOS and Android applications that support up to 140 currencies
MINNEAPOLIS — Aug. 29, 2013 — Digital River, Inc. (NASDAQ: DRIV) today announced the launch of Beanstream Mobile, a suite of mobile payment solutions for iPhones®, iPads® and AndroidTM devices that provide fast and secure transactions in 140 currencies. Beanstream Mobile frees merchants by turning mobile devices into a portable card swipe, cash register and comprehensive solution.
Beanstream Mobile works with an encrypted card reader and a free downloadable app. With the solution and their mobile device, merchants can swipe or key in credit or debit card data on the spot, accept and track cash and check transactions, and capture online sales wherever they go. In addition, merchants can supply receipts, complete with geo-location data, directly from the app via a printed copy, email or text message. The system consolidates all sales workflows and data into one system, making analytics more accessible and comprehensive.
Unlike most mobile payment solutions, Beanstream Mobile’s interface and encrypted card reader are specifically designed to be white-labeled by brands and financial institutions. The smartphone app for iOS and Android provides for an efficient and polished mobile sales process by allowing merchants to tailor customer information fields that matter to their business. Beanstream Mobile also offers time-savers such as a one-step signature and gratuities screen, and up to two automatic taxes.
“Existing mobile payment solutions have fallen short for merchants with multi-currency operations, in-store and online sales, and inventories,” said Souheil Badran, senior vice president and general manager, global payments and commerce at Digital River. “Now, merchants will be able to unify their payment channels with one device and accept credit card mobile payments in 140 currencies through an integration with Digital River World Payments’ international bank connections.”
Beanstream Mobile for iPad, the flagship app, offers a unique inventory capability that lets merchants add photos of products and create UPC codes. By leveraging Digital River’s flexible API toolkit, users can quickly upload existing inventory and retrieve valuable analytics and sales data from all apps in the mobile product family. Beanstream Mobile’s point-to-point encryption ensures no sensitive data is stored on the device.
“Small businesses including charities, service organizations, traveling salesmen and drivers, among many others, can’t get their job done without being mobile,” added Badran. “For these merchants who have struggled to get paid in a timely and organized way, Beanstream Mobile will simplify the entire payment process by providing their customers more choice for payment methods.”
The free Beanstream Mobile apps are now available in the Apple iTunes and Google Play stores. Beanstream API is also available for developers who wish to integrate mobile payment capabilities into their application.
To learn more about Beanstream’s mobile payment processing solutions, visit http://mobile.beanstream.com/
About Digital River, Inc.
Digital River, Inc. builds and manages online businesses for software and game publishers, consumer electronics manufacturers, distributors, online retailers and affiliates. Its multi-channel commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running a global commerce operation. The company’s comprehensive platform offers site development and hosting, order management, global payments, cloud-based billing, fraud management, export controls, tax management, physical and digital product fulfillment, multi-lingual customer service, advanced reporting and strategic marketing services.
Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America. For more details about Digital River, visit the corporate website, follow the company on Twitter or call +1 952-253-1234.
In addition to the historical information contained herein, this press release contains forward-looking statements, such as statements containing the words, “will,” “plans,” “intends,” “expects,” and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Digital River, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others: Digital River’s operating history and variability of operating results; competition in the electronic commerce market; the ability of Digital River to support the Beanstream Mobile point-of-sale solution; the market’s acceptance of such offerings; and other risk factors referenced in Digital River’s public filings with the Securities and Exchange Commission.
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