Direct Integration at the Acquirer Level
Many mobile wallets being launched today are trying to go around the acquirer model by integrating directly at the merchant. We disagree.
FonWallet believes the only viable model for a true mobile wallet exists at the acquirer level. It’s where we have focused all of our business and intellectual property strategy.
FonWallet business model
- This integration point allows acquirers to create additional revenue streams and become the cornerstone of the transaction space.
- FonWallet collapses the “offers” revenue model and creates new and innovative services that can be driven down to the merchant.
- Collaboration with FonWallet provides a strategic opportunity for our acquirer partners to develop a full suite of revenue producing VAS services.
Allows acquirers to split transactions at the acquirer level among banks, cards and accounts.
Alleviates need for merchant to have access to financial information reducing fraud to nearly zero.
FonWallet works seamlessly within a TSM model enabling a wide variety of new Value Added Services.