New Milestone Represents a 17.3 Percent Increase Over 2012
Apriva Expects Continued Growth Across All Mobile Commerce Products, Including Mobile Payment Acceptance, Core Gateway Services and Unattended Payments
Scottsdale, AZ February 18, 2014—Apriva, the leading provider of end-to-end wireless transactions, gateway services, and secure information solutions, announced that its point-of-sale (POS) gateway processed transactions in excess of $9.55 Billion in 2013, representing a 17.3 percent gain over the volume the company processed in 2012. Apriva also reported corresponding gains in multiple product lines, including mobile payment acceptance, and unattended payment services, as well as its core gateway services.
“We are very pleased with the company’s performance in 2013, and are confident that our strategies and product plans will enable Apriva to continue its strong growth in 2014,” said Chris Spinella, chief executive officer for Apriva. “What’s particularly heartening is that our growth occurred in multiple product sectors and lines of business. Given the fact that we have brought a number of new distribution partners on board, and that many of our existing channels have bolstered their efforts to deliver mobile commerce solutions to merchants and consumers, we have every expectation that Apriva will continue its leadership position throughout the coming year.”
According to Apriva’s figures, growth was strong in multiple product lines. The company reported a 300 percent increase in its mobile payment software, which is used by merchants to accept card payments on both smartphones and tablets. The software is offered both as an AprivaPay™ Mobile branded solution, as well as a white-label offering through leading merchant services providers and financial institutions. Currently, two of the top five US banks have private-labeled the AprivaPay Mobile product, and 15 US banks are selling the product with private-label brands of Apriva channel partners.
In addition, the company also said its cashless payments technologies have now been deployed at over 250 university campuses in the United States and Canada, and that over 30 payment processors and financial institutions now rely on Apriva’s gateway to conduct mobile commerce transactions.
“Apriva’s strong 2013 performance is certainly not surprising, given the company’s reputation, broad range of product offerings, and wide distribution channel,” noted Pradeep Moudgal, director of Mercator Advisory Group’s emerging technologies advisory service. “Apriva is one of only a select group of technology vendors that can offer secure solutions that touch most aspects of the mobile commerce ecosystem, including rapidly evolving areas like mobile marketing, analytics, and integration with third-party developers. Considering the strong growth we’re seeing in this sector, there’s every reason to believe that Apriva will surpass its 2013 volume this year.”
The market-leading provider of wireless payment gateway services in North America, Apriva offers a broad portfolio of secure mobile commerce solutions. Its proprietary wireless security protocol, AprivaTalk™, is recognized as among the most robust encryption technologies in the payments industry. In addition, Apriva maintains relationships with more than 30 payment processors in North America, along with all leading wireless providers. Apriva currently works with some 900 merchant acquirers and Independent Sales Organizations (ISOs) across the United States and Canada.
Founded in 1999, Apriva is the leading provider of end-to-end wireless transactions and secure information messaging solutions that meet the exacting security and reliability requirements of financial services providers, government entities and public service sectors. Through its two operating groups, Apriva Point of Sale (POS) and Apriva Information Security Systems (ISS), the company offers customers fully-managed, end-to-end, security solutions that incorporate hardware, software, network infrastructure and management tools. For more information, visit www.apriva.com.
Parallel Communications Group