Digital River to Provide Apple Pay Support through its Mobile Point-of-Sale Solution
MINNEAPOLIS — Oct. 1, 2014 — Digital River, Inc. (NASDAQ: DRIV), a leading global provider of Commerce-as-a-Service solutions, today announced that it will include support for Apple Pay through its Digital River World Payments mobile point-of-sale (mPOS) solution. This hardware and software solution, which is designed for small to mid-sized businesses, will take advantage of NFC-based â€˜tap and pay’ or â€˜wave’ payment acceptance. The mPOS solution will also support magnetic stripe, EMV (chip and PIN) transactions, and contactless credit and debit card payments.
“Today’s merchants are looking for support for emerging payments beyond magnetic stripe,” said Souheil Badran, senior vice president and general manager of Digital River World Payments. “With support for Apple Pay as well as contactless and PIN-debit payments, Digital River World Payments’ mPOS solution will offer a fast, secure and cost-effective alternative for entry into mobile payments.”
The Digital River World Payments mPOS solution is designed to enable small businesses to leverage leading mPOS options — providing smaller merchants a technology that’s necessary to compete with leading retailers. Using the solution’s free mobile app and Bluetooth-enabled payment terminal, merchants will be able to expand the ways they can accept payments and streamline their business processes. The mPOS solution is designed to consolidate all sales workflows and data to make analytics more accessible and comprehensive. In addition, the tablet version of the solution supports a Bluetooth-enabled cash drawer and thermal printer, and offers a unique inventory capability, enabling merchants to add photos of products and UPC codes.
“Mobility is an important strategy for small and medium-sized businesses,” added Badran. “For these merchants, Digital River’s mPOS solution will simplify the entire payment process by providing them more choices for payment methods as well as an open platform for integrating third-party loyalty programs, offers and self-checkout capabilities. The mPOS solution brings secure big box capabilities without the price tag or complexity.”
Digital River World Payments’ mPOS API is also available for developers who wish to integrate EMV and contactless payment capabilities into their applications.
To learn more about Digital River’s mobile payment processing solutions, visit http://sproutpos.com/.
About Digital River, Inc.
Backed by 20 years of ecommerce experience, Digital River is recognized as a leading global provider of Commerce-as-a-Service solutions. Companies of all sizes rely on Digital River’s multi-tenant, SaaS commerce, payments and marketing services to manage and grow their online businesses. In 2013, Digital River processed more than $30 billion in online transactions, connecting B2B and B2C digital products and cloud service companies as well as branded manufacturers with buyers across multiple devices and channels, and nearly every country in the world.
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, read the Digital River Blog, 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 Apple Pay, magnetic strip, EMV transactions, and contactless credit and debit card payments; the market’s acceptance of such offerings; and other risk factors referenced in Digital River’s public filings with the Securities and Exchange Commission.
Digital River is a registered trademark of Digital River, Inc. All other company and product names are trademarks, registrations or copyrights of their respective owners.
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