MENTOR, Ohio and BOSTON | CardinalCommerce and Unbound Commerce are pleased to announce their new Cloud Wallet Service for online merchants. Scheduled for release in July, Cloud Wallet Service from Unbound Commerce uses the new Universal Wallet API(TM) from Cardinal offering a single point connection to several leading digital wallets.
Partnership Targets Mobile Conversion Rates
Their combined resources are targeting the #1 inhibitor of mobile purchases: thumb-typing through checkout. Using Cloud Wallet Service, mobile retailers can accept any kind of cloud wallet their buyers wish to use. The new service launches with support for PayPal, Amazon, Google Wallet, V.me by Visa, MasterPass by MasterCard, Payfone One Touch Checkout on Verizon devices and Sprint Mobile Wallet.
42% of consumers say it's a "showstopper" to have to thumb-type name / address / payment info into their phones.
The partnership between Cardinal -- the world-leader in enabling remote commerce (internet, mobile, etc.) -- and Unbound Commerce -- the #1 provider of mobile commerce to top 2000 online retailers -- was formed to target the problem of low conversion rates in mobile settings. "Our two companies know we can deliver solutions to streamline mobile checkout. Unbound's Cloud Wallet Service will make it easy for retailers to accept the online wallet of their buyer's choice," according to Keith Lietzki, Vice President/Co-Founder of Unbound Commerce. "Based on studies, we expect to deliver 20-40% gains when retailers can accept the cloud-based wallet that works best for their individual buyers."
"Mobile can be the linchpin to retailers' omni-channel strategy," said Lietzke. "Mobile is often non-transactional when it is mainly used to support other channels. But when the consumer has the impulse to purchase, the retailer must make the mobile purchase as quick as possible. Cardinal was an obvious partner for us once we understood the scope of their transactional capabilities. They have taken a big lead in support for this powerful new class of online wallets."
"The payments industry is in the midst of a transformation giving consumers unprecedented options from their banks, phone companies and e-commerce leaders," said Tim Sherwin, Cardinal's Executive Vice President. "A partnership with Unbound was attractive because it helps further our mission of normalizing payments through a single integration with little to no effort or time on behalf of our customers. Cardinal's existing Centinel merchants can leverage the framework already in place to easily add the Universal Wallet API, effectively Future-Proofing their business so they are prepared for whichever services do take off."
Cloud Wallet Service is scheduled for release in July 2013. 10 retailers will be selected for beta. For more information, email to CloudWallet@UnboundCommerce.com.
About Universal Wallet API
Cardinal's Universal Wallet API offers access to several of the leading wallets available in the digital space today. Included are MasterPass by MasterCard, V.me by Visa, Google Wallet, PayPal, Amazon, Payfone One Touch Checkout and Sprint Mobile Wallet. The Universal Wallet API is an extension of Cardinal's Centinel platform making it easier to implement multiple wallets as well as test and scale the functionality for existing merchants. When connecting with Cardinal, Merchants can easily deploy a payment strategy to maximize sales, increase margins and enhance the consumer experience.
About Cardinal Commerce
Cardinal has been a pioneer in the remote payments industry since 1999 and is a branded global leader in enabling authenticated payment transactions in the electronic commerce and remote commerce markets.
Cardinal's SafeCloud(TM) SaaS software platforms for merchants, banks, processors and transaction supply chain providers create friction-free interoperability among otherwise disparate and incompatible operating systems. Cardinal's platforms enable technology-neutral authentication across a wide range of applications. The Company's proprietary, patented solutions easily facilitate the addition of new technology for remote distribution channels through a single connection. This allows merchants to securely accept payments from the entire financial transaction ecosystem and ensures their business is Future-Proof and ready to capitalize on any emerging payment brands or methods.
The universe of payments spans from traditional credit and debit card brands like MasterCard and Visa, to established and emerging alternative payment brands like PayPal(TM) , Green Dot(R) , and Alipay. In accommodating this growing number of payment brands and methods, and these technology and authentication approaches within legacy infrastructure, Cardinal's platforms serve as universal switches, supporting virtually all merchant platforms, wallets, processing systems and authentication methodologies.
Cardinal is headquartered in Cleveland, Ohio and services a worldwide Customer base from facilities in the United States, Europe and Africa. For more information, visit www.cardinalcommerce.com
About Unbound Commerce
Unbound Commerce is the #1 provider of mobile commerce solutions, for the top 2000 Retailers. Unbound delivers solutions for smartphones, tablets and in-store; our solutions let merchants connect with their customers anytime and anywhere. Unbound has designed and built mobile solutions for Rockport, Finish Line, Coors, and more than 350 other retailers. For additional information, please visit us at http://www.UnboundCommerce.com
CONTACT: Media contacts:
Francis M. "Tim" Sherwin
Executive Vice President, CardinalCommerce
Vice President/Co-Founder, Unbound Commerce