Vodafone and CorFire to Bring Innovative Mobile Wallet Services to Consumers, Service Providers
CorFire technology enables Vodafone customers to simply tap smartphone to pay for goods, redeem vouchers, access buildings, transit systems and more
ATLANTA, October 29, 2012–CorFire™, the mobile commerce business of SK C&C USA and the industry-leading mobile technology expert, is providing mobile wallet capabilities to Vodafone Group, enabling Vodafone’s customers to use their smartphones to conduct a number of transactions, including paying for goods and services at the point of sale, during 2013.
CorFire’s leading mobile wallet solution, CorPay™, helps Vodafone further its goal of eliminating the need for physical wallets by delivering customers with comprehensive digital mobile wallet solutions.
“Vodafone’s customer base spans across more than 60 countries, which means our partnership may become one of the biggest, global implementations of NFC and mobile commerce,” said Dr. Jae Chung, CorFire’s president and CEO. “We applaud Vodafone’s efforts to make mobile commerce a reality in markets which are increasingly relying on smartphones to conduct regular daily activities. As a result of this collaboration, we will bring tangible benefits to consumers and pave the way for financial institutions, transit authorities, merchants, and enterprises to leverage the mobile channel to expand their customer reach.”
CorPay, which works in NFC and non-NFC environments, can leverage the Secure Element if present to encrypt and store personal account information. The solution also relies on a full client/server architecture that allows the support of scenarios such as phone change and SIM switching.
“We are committed to partnering with the best suppliers to offer customers the speed, simplicity and convenience of managing everyday transactions with a single wave or tap of their smartphones,” said Christian Wirtz, Vodafone Group’s mCommerce Director. “The consumer benefits of contactless payments are obvious and the industry in Europe is now at the beginning of rolling out a contactless infrastructure. The potential of mobile to transform existing industries–such as financial services, retail and transport- is enormous.”
Vodafone is one of the world’s largest mobile communications companies by revenue with approximately 406 million customers in its controlled and jointly controlled markets as at 30 June 2012. Vodafone currently has equity interests in over 30 countries across five continents and more than 50 partner networks worldwide. For more information, please visit http://www.vodafone.com.
From retailers to handset manufacturers to financial institutions to mobile network operators, organizations today need a proven way to extend their brands and enable their customers to use smartphones as a channel for commerce. With its proven industry expertise, CorFire helps all organizations in the mobile ecosystem deliver on the promise of an environment where consumers can live life mobile. As the mobile commerce business of SK C&C USA, CorFire leverages the billion dollar financial backing of its parent company, SK C&C, with its 10+ years of mobile payments experience to provide a scalable and trusted technology that helps companies quickly and securely move their mobile commerce platforms forward.