The Kuapay Mobile Wallet App For iPhone Receives A New Update
June 5, 2013
Kuapay, the app that transforms your physical wallet into a connected mobile wallet, is out with a new update. Version 3.0 includes a new responsive design plus other new features.
First released for iPhone in 2011, Kuapay is distinctive in that it can store your bank and loyalty cards, and also be used to buy good and services at retail stores and online. The app also provides digital coupons for businesses near you.
The free app uses first-to-market patent-pending security. This prevents merchants from accessing consumers' sensitive payment data.
This information is securely stored in a heavily encrypted Kuapay vault and is only accessible by device-specific tokens, which are also encrypted, and stored on the user’s phone. When a user is ready to pay, a unique identifier is dynamically generated and encoded in a QR code for scanning by the merchant.
According to Joaquin Ayuso de Paul, founder and CEO of Kuapay:
Our goal is to provide people with a completely secure product that can not only simplify their daily lives, but also eliminate the hassle that comes from replacing lost or stolen payment cards.The new design makes it quicker to navigate between Kuapay’s three main sections. These include merchants, wallet, and payment. The update also includes new social networking integration. Now, you can tell your Facebook and/or Twitter friends about your purchase experience. Other Kuapay 3.0 features include:
The free Kuapay app is available now in the App Store. Kuapay Point of Sale for iPad is also available.
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