As the mobile payment market continues to grow, the need for a reliable and secure hosting system is paramount for carriers and financial service providers. Mozido, which offers a white-labeled cloud-based platform for mobile payments, has tapped enterprise cloud infrastructure provider Savvis to give its customers access to cloud infrastructure and hosted IT solutions.
Through the multiyear agreement, Mozido is able to provide the performance, scalability and security demands of its mobile payment market customers, according to Greg Corona, CEO and president of Mozido.
“Mozido’s agreement with Savvis underscores our continued commitment to meeting the diverse needs of a global customer base,” Corona said in a statement. “By leveraging Savvis’ leading cloud and hosting infrastructure, we will enable customers in the mobile payment ecosystem to quickly implement and scale as their businesses grow, while ensuring the quality of their IT systems and operations.”
Under the agreement, Mozido will offer its customers with the following benefits:
“As the mobile payments market expands, Savvis has become a preferred hosting partner for leading players in this space,” noted Varghese Thomas, global head of financial services at Savvis. “Backed by our secure global data center footprint, Mozido’s mobile payment and commerce solutions offer the scale and stability to meet the diverse needs of the global payments base.”
Last week, Mozido revealed its plans to acquire PagoVision, a U.S.-based merchant network providing check cashing and payment services for the unbanked and underbanked. Mozido will gain access to PagoVision’s merchant network, which is comprised of more than 1,500 independent retailers dedicated to serving the underbanked and unbanked consumers and the immigrant population in the U.S.
Mitch Dillard, co-founder of PagoVision, will continue to lead the subsidiary’s operation. Company officials said that the Mozido mobile targeted marketing platform will help PagoVision merchants to increase traffic to their stores and deepen customer relationships by delivering mobile promotions, coupons and loyalty rewards directly to the consumers' mobile phones.
Edited by Allison Boccamazzo
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