Welcome!

iPhone Authors: Scott Hirsch, JP Morgenthal, Carmen Gonzalez, David H Deans, Lori MacVittie

News Feed Item

Admeris Becomes SALT Technology, Inc.; Moves Global Headquarters to San Francisco

Mobile Payments Innovator to Expand R&D, Marketing, and Business Development In New Office in San Francisco Tech Corridor "South of Market"

SAN FRANCISCO, CALIFORNIA and TORONTO, ONTARIO and LONDON, UNITED KINGDOM -- (Marketwire) -- 12/10/12 -- Admeris, Inc., (www.admeris.com) today announced that it has changed its name to SALT Technology, Inc. (www.salt.com); under which it will bring the industry's most complete, cloud-based mobile payments platform. The SALT mobile payments solution comprises a brandable, consumer-friendly mobile wallet application, and cloud-based, mobile payment infrastructure. SALT simplifies the adoption and integration of both near field communication (NFC) and cloud-based mobile payments via any payment type or mobile device. The company also announced that it has moved its global headquarters to San Francisco, California, where its research and development, marketing, sales and executive leadership are based. The company is housed in a newly renovated office located at 89 De Boom Street, in the city's technology corridor "South of Market". SALT Technology, Inc. will continue to operate certain functions out of its Toronto, Canada and London, U.K. offices.

"Analysts estimate that mobile transactions will reach $617 billion worldwide by 2016, up from $105.9 billion in 2011(i) - growth that will fundamentally challenge financial institutions, carriers, and merchants as they rush to implement mobile payment strategies to capture new service revenues and meet the competitive threats of emerging payment paradigms which are encroaching on their traditional consumer relationships and market," said Brian A. Bogosian, Chairman, President & CEO of SALT Technology, Inc. "We are working to remove the costly technical and integration barriers that impede the broad adoption of mobile payments. Our innovative platform simplifies mobile payments for consumers, and makes implementing banded mobile payment services practical and profitable for MNOs, banks, merchants and others."

SALT Technology, Inc., named after the first currency used to conduct commerce, and around which civilizations were built, provides secure, simple contactless payment solutions that accelerate the adoption of mobile payments for mobile, online, or "tap-to-pay" transactions. With SALT, banks, merchants and MNOs are able to deliver mobile commerce services to consumers on any device, using any mobile operating system. More importantly, mobile payment alternatives such as NFC, cloud-based or even remote QR code-based payment services can be brought to market within a fraction of the cost and time required by existing approaches. SALT eliminates the need for banks to integrate with individual Trusted Service Manager (TSM) and Over the Air (OTA) provisioning requirements for each MNO, dramatically reducing the time and investment needed to bring a mobile payment service to market.

While industry experts agree that widespread use of mobile payments is inevitable, broad consumer adoption continues to be hampered by the inability for consumers to load all of their bank, credit, loyalty and merchant cards into a convenient mobile wallet that can be used for both online and offline transactions. The SALT solution directly addresses these requirements. SALT is built to accommodate consumers' natural purchasing behavior with convenient, frictionless, secure payment options at their fingertips, on their mobile device. For consumers, SALT is as easy to use as a physical wallet, with the added benefits of extreme security and constant tracking of account balances, transaction receipts, and loyalty points.

"Every member of the transaction value chain is rushing to find a way to leverage mobile payments while avoiding the massive time and expense overhead associated with integrating mobile payment infrastructure with existing payment processing systems; dealing with regulatory issues; or providing ironclad security for sensitive consumer data," added Bryan Rutberg, Chief Executive Officer of Rutberg & Company and SALT Technology board member. "SALT Technology has architected a unique approach and a powerful platform that will streamline the creation and launch of mobile payment services for a variety of organizations. We look forward to seeing these solutions accelerate the adoption of mobile payments across the global market."

In addition to the SALT Payment Platform, the company offers a patent-pending solution for a single, secure, universal payment credential for consumers. This credential, called the SALT Personal Payment Profile(TM), represents a variety of payment types, including credit and debit cards, loyalty points and even tickets or transit tokens in a secure mobile "wallet" application. The mobile wallet is powered by SALT, but branded by the MNO, financial institution or merchant. SALT is payment factor agnostic and allows consumers to purchase goods and services on their mobile device using NFC, online, or via any other payment factor such as QR codes.

Bogosian concluded: "Only SALT provides a solution that stretches from the consumer, through the entire payment value chain. Our approach puts mobile payments within reach for leading MNOs, banks, merchants and others while controlling costs and overhead. We look forward to a future where mobile payments are universal, and profitable for organizations that offer them, as well as simple, secure and valuable for the consumers who use them. We intend for SALT Technology to be fundamental to this eventuality."

About SALT Technology, Inc.

SALT Technology, Inc. is based in San Francisco, with offices in Toronto and London. The company was founded in Toronto, Canada by Founder Simon Law in 2008, and has been financed to date by insiders and an impressive list of private investors formerly from organizations including Apple and PayPal. SALT Technology, Inc. owns several patented and patent-pending technology innovations that comprise the foundation of the company's end-to-end payment platform. SALT provides an elegantly simple payment infrastructure that allows financial institutions, merchants and MNOs to bring branded mobile wallets to market quickly, on any device, and with any payment type. The SALT mobile wallet application establishes a highly secure SALT Personal Payment Profile(TM) for each consumer, and can contain any credit, debit, gift, loyalty card, transit token or ticket. SALT supports consumers' evolving digital lifestyles with simple, secure, convenient payment options for consumers, and provides new revenue opportunities for the companies who serve them. To learn more about SALT Technology, Inc., please visit http://www.salt.com.

(i)Research firm Gartner Inc. May 2012

All brand names referenced in this document are the sole property of their owners.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
SYS-CON Events announced today that SOA Software, an API management leader, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. SOA Software is a leading provider of API Management and SOA Governance products that equip business to deliver APIs and SOA together to drive their company to meet its business strategy quickly and effectively. SOA Software’s technology helps businesses to accelerate their digital channels with APIs, drive partner adoption, monetize their assets, and achieve a...
From a software development perspective IoT is about programming "things," about connecting them with each other or integrating them with existing applications. In his session at @ThingsExpo, Yakov Fain, co-founder of Farata Systems and SuranceBay, will show you how small IoT-enabled devices from multiple manufacturers can be integrated into the workflow of an enterprise application. This is a practical demo of building a framework and components in HTML/Java/Mobile technologies to serve as a platform that can integrate new devices as they become available on the market.
BSQUARE is a global leader of embedded software solutions. We enable smart connected systems at the device level and beyond that millions use every day and provide actionable data solutions for the growing Internet of Things (IoT) market. We empower our world-class customers with our products, services and solutions to achieve innovation and success. For more information, visit www.bsquare.com.
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, a...
SYS-CON Events announced today that Utimaco will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Utimaco is a leading manufacturer of hardware based security solutions that provide the root of trust to keep cryptographic keys safe, secure critical digital infrastructures and protect high value data assets. Only Utimaco delivers a general-purpose hardware security module (HSM) as a customizable platform to easily integrate into existing software solutions, embed business logic and build s...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic • Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it’s a mix of architectural style...
Connected devices are changing the way we go about our everyday life, from wearables to driverless cars, to smart grids and entire industries revolutionizing business opportunities through smart objects, capable of two-way communication. But what happens when objects are given an IP-address, and we rely on that connection, sometimes with our lives? How do we secure those vast data infrastructures and safe-keep the privacy of sensitive information? This session will outline how each and every connected device can uphold a core root of trust via a unique cryptographic signature – a “bir...
SYS-CON Events announced today that Matrix.org has been named “Silver Sponsor” of Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Matrix is an ambitious new open standard for open, distributed, real-time communication over IP. It defines a new approach for interoperable Instant Messaging and VoIP based on pragmatic HTTP APIs and WebRTC, and provides open source reference implementations to showcase and bootstrap the new standard. Our focus is on simplicity, security, and supporting the fullest feature set.
Internet of @ThingsExpo Silicon Valley announced on Thursday its first 12 all-star speakers and sessions for its upcoming event, which will take place November 4-6, 2014, at the Santa Clara Convention Center in California. @ThingsExpo, the first and largest IoT event in the world, debuted at the Javits Center in New York City in June 10-12, 2014 with over 6,000 delegates attending the conference. Among the first 12 announced world class speakers, IBM will present two highly popular IoT sessions, which will take place November 4-6, 2014 at the Santa Clara Convention Center in Santa Clara, Calif...
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at Internet of @ThingsExpo, Robin Raymond, Chief Architect at Hookflash Inc., will walk through the shifting landscape of traditional telephone a...
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at Internet of @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, will discuss how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.

SUNNYVALE, Calif., Oct. 20, 2014 /PRNewswire/ -- Spansion Inc. (NYSE: CODE), a global leader in embedded systems, today added 96 new products to the Spansion® FM4 Family of flexible microcontrollers (MCUs). Based on the ARM® Cortex®-M4F core, the new MCUs boast a 200 MHz operating frequency and support a diverse set of on-chip peripherals for enhanced human machine interfaces (HMIs) and machine-to-machine (M2M) communications. The rich set of periphera...

SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue business and deliver exceptional experiences to their customers.
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce the value of the network in helping organizations to maximize their company’s cloud experience.
The Internet of Things (IoT) is making everything it touches smarter – smart devices, smart cars and smart cities. And lucky us, we’re just beginning to reap the benefits as we work toward a networked society. However, this technology-driven innovation is impacting more than just individuals. The IoT has an environmental impact as well, which brings us to the theme of this month’s #IoTuesday Twitter chat. The ability to remove inefficiencies through connected objects is driving change throughout every sector, including waste management. BigBelly Solar, located just outside of Boston, is trans...
SYS-CON Events announced today that Matrix.org has been named “Silver Sponsor” of Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Matrix is an ambitious new open standard for open, distributed, real-time communication over IP. It defines a new approach for interoperable Instant Messaging and VoIP based on pragmatic HTTP APIs and WebRTC, and provides open source reference implementations to showcase and bootstrap the new standard. Our focus is on simplicity, security, and supporting the fullest feature set.
Predicted by Gartner to add $1.9 trillion to the global economy by 2020, the Internet of Everything (IoE) is based on the idea that devices, systems and services will connect in simple, transparent ways, enabling seamless interactions among devices across brands and sectors. As this vision unfolds, it is clear that no single company can accomplish the level of interoperability required to support the horizontal aspects of the IoE. The AllSeen Alliance, announced in December 2013, was formed with the goal to advance IoE adoption and innovation in the connected home, healthcare, education, aut...
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, a...
The only place to be June 9-11 is Cloud Expo & @ThingsExpo 2015 East at the Javits Center in New York City. Join us there as delegates from all over the world come to listen to and engage with speakers & sponsors from the leading Cloud Computing, IoT & Big Data companies. Cloud Expo & @ThingsExpo are the leading events covering the booming market of Cloud Computing, IoT & Big Data for the enterprise. Speakers from all over the world will be hand-picked for their ability to explore the economic strategies that utility/cloud computing provides. Whether public, private, or in a hybrid form, clo...