Zfere Holdings, Inc. announces new Mobile Payment Platform

Joplin, MO (Feb. 10, 2011) Zfere Holdings, Inc. is announcing today its new technology mobile payment platform. This platform, resident within the company’s mobile interface, provides a convenient high-security option for the payment of products, goods, and services. The company’s system does not require a merchant to purchase proprietary readers or interface systems. Rather, the only requirements for a vendor are a Wi-Fi connection to the internet, a Wi-Fi enabled device, the establishment of a Zfere merchant account, and the display of company graphics noting the acceptance of Zfere’s mobile payment system. This represents the first time that a viable real-time payment system is not hardware dependent and maintained at the merchant’s point of sale.

Additionally, the company will offer a proprietary credit system where a customer can transfer earned credits that have a redeemable value to other users resident in the company’s operational Nexus in real-time. These credits will be benchmarked on a daily basis to multiple currencies and available to users in a variety of credited formats. This revolutionary credit system, when fully deployed, could eventually take the place of traditional credit/debit card based transactions. Utilizing the company’s proprietary security technologies and next generation hardware provided in the 4/5g evolution, this new system will make the card based system obsolete the user only needs to maintain a mobile interface and be physically present with it to transact payment. A receiver of funds will receive a confirmation message and accept payment. The company’s transaction platform based solely within its Nexus; ensure that credit, debit, and payment are ledger transactions within the same platform affording real time accounting of transactions. The company plans to expand this revolutionary platform and services into the traditional financial services marketplace through traditional institutions.

The company will also provide unique services to process other “Next Generation” methods (Payment systems) including cash payments, wallets similar to PayPal, prepaid cards, and vouchers, in addition to standard credit and debit card transactions for its e-commerce clients.

More on Mobile Payment Systems.

Mobile payment has been well adopted in many parts of Europe and Asia. Combined market for all types of mobile payments are expected to reach more than $600B globally by 2013, while mobile payment market for goods and services, excluding contactless NFC transactions and money transfers, is expected to exceed $300B globally by 2013. Some mobile payment solutions are also used in developing countries for micropayments.