Business Editors
     PORTLAND, Ore.--(BUSINESS WIRE)--July 21, 2008--Tyfone, a global provider of mobile financial services infrastructure including fully-integrated mobile payments capabilities, today announced that Dr. Siva G. Narendra, the company’s Chief Technology Officer and co-founder, will present to the Federal Trade Commission (FTC) at its upcoming meeting in Seattle, Washington on July 24, 2008. The town hall-style session entitled “Pay on the Go: Consumers and Contactless Payments” will explore the growth and market opportunities associated with contactless payment systems and their implications on consumer protection policy.
     The event is co-sponsored by the University of Washington Law School's Technology and Public Policy Clinic, and will be held at the UW campus in Seattle. This session will address the inherent issues and opportunities associated with the various technologies that will enable consumers to engage in mobile contactless payments. The FTC will explore Near Field Communications (NFC) and topics associated with the security and integrity of data stored on contactless-enabled devices and how that data may be accessed in commerce. For more information about this event, please visit:
     "Consumers today have the freedom to select the mobile phone they will use and the mobile carrier they will contract with, and they also independently choose their financial institutions,” said Dr. Siva Narendra, CTO of Tyfone. “We believe the mobile banking and payments model of tomorrow should protect consumers’ ability to make these independent choices. The choice of the secure element used to enable mobile contactless payments and its features will determine the scope of this freedom.”
     Tyfone is the industry’s only provider offering both highly secure mobile banking and contactless mobile payment solutions. Its Secure Memory Card technology with integrated payment antenna is device- and carrier-agnostic, giving payment account issuers the freedom to offer branded services directly to consumers. This solution also continues the consumer’s freedom in choosing their mobile device, their carrier and their payment account issuer. With R&D centers in Bangalore, India and Taipei, Taiwan, Tyfone and its patented Secure Memory Card-based payments technologies are well-positioned to be instrumental in shaping the future of mobile contactless payments throughout the world.
     About Tyfone:
     Tyfone connects money and mobility via a highly secure, scalable and flexible mobile financial services infrastructure that is tailored to meet the evolving needs of financial institutions and their customers. With its modular design and experienced professional services team, Tyfone is uniquely qualified to deliver issuer-centric solutions that offer turnkey mobile banking services and fully-integrated contactless payments capabilities. With its patent-pending memory card technology, Tyfone enables device- and carrier-independent mobile services under the issuer’s own brand, setting the stage for our customers to define the future of money and mobility. To discover why Tyfone is becoming the partner of choice for mobile technologies to the world’s leading financial institutions & financial technology providers, please visit
    Press & Analyst Inquiries:Skyya CommunicationsSusan Donahue, +1-646-454-9378susan.donahue@skyya.comorTyfone Corporate Contact:Tyfone, Inc.Carol Grunberg,
    State Keywords: OregonIndustry Keywords: Technology; Telecommunications; Security; Wireless; Public Policy/Government; Government Agencies; Professional Services; BankingSource: Tyfone

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry