IFAN Financial, Inc is headquartered in San Diego, California. IFAN along with its wholly owned subsidiaries and joint ventures design, develop, and distribute technology to enable and enhance mobile and traditional payments. The IFAN Platform consists of proximity based beacons, merchant processing, a mobile wallet, and prepaid card and debit card options. IFAN's consumer facing entity, PayX, includes a portfolio of payment solutions through the mobile optimized platform capable of facilitating on-demand payments, auto-payments, split-funded payments, proximity marketing, and spending of Platform funds through a linked card. IFAN and PayX provide businesses with the world?s first white label mobile optimized platform that connects to any point of sale system and enables the next generation of marketing and payments with the capability to remit internationally.
- Mobicash America is an early-stage technology company that develops mobile payment solutions. The company’s platform product, Quidme, utilizes the text messaging function of a mobile phone, allowing the technology to operate on almost any phone or network, with or without data service.
IFAN expects to launch its iPIN Technologies and Quidme mobile payment products on a commercial basis during the first quarter of 2015.
Website: www.iPINTechnologies.com | www.IFANFinancial.com
Power by IFAN
The POWER by IFAN MasterCard Prepaid Card can be linked to an IFAN Mobile Wallet through the IFAN Financial Payment Platform, which offers users the ability to access cash and merchant services worldwide at any location that accepts MasterCard Debit Cards. Enrollment includes 24/7/365 access to customer service, along with a complete suite of online banking services, including bill pay, text alerts and balance and transaction inquiries. Importantly, users gain access to the MasterCard Zero Liability Policy*, which protects customers against loss or theft throughout the world.
PayX is the world's first white label mobile wallet platform that connects to any point of sale system, sends peer to peer Money transfers, issues and redeems loyalty points, engages Users with proximity marketing, Processes Merchant Payments, Conducts Split Funding, and issues a pre-paid MasterCard®.
Mobile Wallet Platform
PayX is the world's first white label mobile wallet platform that connects to any point of sale system, sends peer to peer money transfers, issues and redeems loyalty points, engages users with proximity marketing, processes merchant payments, split funding, issues a pre-paid MasterCard, and is internationally remittable
in 80+ countries.
PayX Merchant Processing can service all of your transactional needs from credit
and debit to E-commerce and ACH in the U.S. and Canada.
From the SMB market to Global Brands PayX has a solution for you.
XBEACON SOLUTION SUITE
PayX xBeacons are provided in various packaging configurations that are either dual or single mode, come in multiple form factors and are available in multiple power options for both engagement and presence solutions.
The state-of-the-art patent-pending xBeacon solution suite supports all smartphones and tablets for a multitude of proximity applications.
XCLOUD CONTENT MANAGEMENT SYSTEM (XCCMS)
PayX proprietary distributed software that powers all solutions and allows customers to manage proximity networks.
PayX software component that is integrated into the mobile app software providing interfaces to xBeacons and the xCloudContentManagementSystem.
Logical software component that provides interfaces into the mCloudContentManagementSystem.
Configuration of PayX use cases that addresses customers’ desired business outcomes.
State-of-the-art analytics and real-time data providing superior insight.
iPIN Technologies is currently developing a new method of online selling through debit card payments and processing. This technology attaches to any smartphone through the headphone jack and converts the device into a consumer PIN debit, same-as-cash payment solution. Using the iPIN Debit app, transactions are processed through the private and secure iPIN Technologies Network.
iPIN Technologies currently holds exclusive rights to two patents. These patents enable the company to secure transactions by withholding customer data and incorporating triple data encryption
Merchant Benefits for Online, In-Store and Mobile Sales
- 1.5% Per Sale - Compare to Square’s 2.75% and PayPal’s 2.7%+
Virtually Eliminate Chargebacks - Transaction are viewed as same-as-cash
Ease Customer Security Concerns - Since merchants won’t have access to a customer’s card information, customers will feel more comfortable about having their data protected
iPin Debit Milestones
IFAN and iPIN Technologies recently achieved two significant milestones that include the successful development of the iPin Debit’s user interface, including integration with the Android application package file (APK), as well as the ability to read and transfer data from the card swipe device to the mobile phone application.
The next two milestones are ongoing and will involve posting the status of the transaction to the merchant call back uniform resource locator (URL) and developing the front-end database to enable a merchant processing transaction.
When completed, the iPin Technologies solution will involve a mobile app, card reader, and merchant network that will enable consumers to use their smart phone to make purchases.
Mobicash America is an early-stage technology company that develops mobile payment solutions. The company’s platform product, Quidme, utilizes the text messaging function of a mobile phone, allowing the technology to operate on almost any phone or network and with or without data coverage.
The functionality of the Quidme platform allows users to pay bills, purchase goods and services, and to send money to friends and relatives located locally or internationally via simple text message. Furthermore, no bank account is required and funds are transferred immediately.
These features significantly and radically expand the available market for mobile payment access and disrupt the payment space as we know it.
The Quidme Advantage
Unlike competitors Venmo, Vinted, GoBank, Ribbon, Square, Etsy, Western Union, Moneygram, Moven and ApplePay, Quidme is a purely mobile-based solution and one that works without data coverage.
While the others offer very fragmented solutions, Quidme is pioneering the mobile payments industry with a comprehensive, innovative solution. Quidme works on any phone and allows for the instant transfer of funds without sensitive bank account information.
Quidme currently has three patents pending; is available app for iOS & Android; and has established necessary, strategic alliances and relationships to advance market reach.
In a test pilot for International Remittance to Uganda, Quidme generated $500,000 volume in four months with no advertisement but simply relying on word of mouth.
Apple and Google have each approved the Quidme platform for their mobile app stores, which allows the Quidme application to be distributed for all Apple iPhones and tablets in the iTunes Store as well as for most Android devices through Google Play.
Quidme Income Model
Quidme products targets individuals in the rapidly growing under-banked and un-banked population who need cheap and secure money remittance technology to send cash worldwide.
This population comprises roughly 16% of the U.S. population and 2.2 billion consumers globally.
Revenues are generated via:
- Interchange Fees
Monthly card fees
Check cashing fees
International remittance fees
Quidme “buy” button licensing fees (Future)
Quidme usage market data (Future)
*Assumes $12/month Revenue per Subscriber
Quidme Market Opportunity & Partnerships
Quidme targets an addressable market of more than 150 million millennials, immigrants and under-banked individuals looking for quick, secure and easy transfers.
IFAN has formed strategic alliances with partners that have already established relationships among these key markets:
- 12C,Inc. – processor for Visa
Sunrise Bank – card issuing bank
MobiCash Africa – commercial bank licensing in 15 countries for international money remittance
Golden Money Transfer – state-based MSB licensing and remittance to Latin America
Gemalto – visa card fulfillment
Ingo Money – digital check processing
GreenDot & Visa Interlink – prepaid card loading centers
Marketing MavenPR – Marketing and public relations
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