NFC Times Exclusive Insight – U.S.-based Mozido, a supplier of cloud-based, white-label mobile payments and commerce products, upped its stake in NFC technology, making a $2.5 million investment in host-card emulation start-up SimplyTapp.
Mozido, which in December acquired U.S.-based mobile-wallet provider and trusted service manager SK C&C USA, known as CorFire, for an undisclosed amount, is expected to use SimplyTapp’s HCE technology to add to its offer for customers, such as merchants. The retailers, for example, could introduce HCE-based private-label payments and nonpayments applications.
CorFire, which developed the well-received non-NFC mobile wallet technology for quick-serve chain Dunkin’ Donuts in the U.S., is also providing TSM services, including a platform for U.S. mobile carrier AT&T for non-payments NFC applications and an SP-TSM platform under license for a co-branded payment service launched by one or more Vodafone branch operators in Europe. CorFire, along with First Data also provided the TSM for the initial version of Google Wallet when it launched in September of 2011.