From Sys Con Ecrio announces strategic investment by Visa
Ecrio , the pioneer in real-time commerce and communications software for mobile phones, today announced a strategic alliance with Visa International, a global leading payment brand and the largest electronic payments network. The relationship includes an investment in Ecrio by Visa.
The funding will help Ecrio expand its offerings in two growing areas of mobile commerce: Near Field Communications (NFC) and MoBeam(TM) mobile barcode redemption, Ecrio's patented technology for 'beaming' barcodes from mobile handsets to laser point-of-sale terminals.
"MoBeam is the missing link between today's mobile consumer and a worldwide commerce infrastructure based on barcodes," said Nagesh Challa, Ecrio Chairman and CEO.