Apriva, a provider of end-to-end wireless transactions and secure information solutions, announced that its point-of-sale (POS) gateway processed transactions worth over $1.76 billion during the second quarter of 2011, eclipsing the mark of $1.53 billion set during the previous quarter. The company, which is considered among the market leaders for wireless payments providers in North America, said that its gateway handled on average $20 million in transactions on a daily basis during the second quarter, representing a 15 percent increase over Q1 results.
“We are extremely pleased with the steady growth that Apriva has achieved so far this year,” said Paul Coppinger, President of Apriva. “One of the most satisfying aspects of this success is the fact that every one of our POS initiatives is performing well. Our core gateway business continues to demonstrate growth, while both our AprivaPay™ mobile payment application and Apriva Vend™ cashless payments service are thriving in their respective sectors.”
“While Apriva’s core gateway business has historically been the focal point of the company’s go-to-market strategy”, Coppinger said, “Apriva’s rapid ascension in both the mobile payment application and vending spaces are key factors for the recent results.”
“We’re seeing that several strategic developments are beginning to take hold,” he explained. “Our relationship with AT&T and other leading providers has certainly played a role in the uptake of the AprivaPay mobile payment application. And our strategic partnership with MEI, the global leader in payment acceptance technology, has helped propel the penetration of our Apriva Vend end-to-end cashless payment solution within the vending space.”
Released last year, AprivaPay is a full-featured payment application designed for both smartphones and browser-based mobile phones. The smartphone version of AprivaPay is compatible with numerous devices, including iPhone, Android, BlackBerry, and Windows Mobile phones. AprivaPay offers features which enable merchants to better serve customers. In addition, AprivaPay offers integration with more optional printers/card readers than any other payment application provider, giving our merchant customers more choices of platforms and accessories.
An end-to-end solution, Apriva Vend gives operators the ability to cost-effectively integrate cashless vending into their operations to improve customer satisfaction, increase operational efficiency, and capture better sales and profit margins. Apriva Vend’s comprehensive services incorporate system hardware and software, wireless connectivity, transaction and alarm reporting capabilities, and integration with leading payment processors and financial institutions.
“Apriva’s recent success should not surprise anybody,” said Brent Iadarola, global research manager for Frost & Sullivan’s mobile and wireless communications practice. “The company has been at the forefront of developing reliable and secure wireless payments technologies for years. I would expect that—based on Apriva’s track record, strong distribution network and penchant for innovation—their growth will continue for the foreseeable future.”