Click here to close now.

SYS-CON MEDIA Authors: Pat Romanski, Carmen Gonzalez, Liz McMillan, Blue Box Blog, Lori MacVittie

News Feed Item

Corduro Reinvents Mobile Payments on iPhone, Android Devices; Adds Social, Intelligence to Processing

New App From Google Ventures-Backed Startup Enables Lowest Cost Transactions, Multiple Wireless Devices on a Single Account

DALLAS, TX -- (Marketwire) -- 05/11/11 -- Corduro, the only company to provide mobile payments on a global scale, today announced its new app for iPhone and Android devices. For the first time, sole proprietors, charities or retail establishments can leverage reader-free card payments via smartphone and tablet devices at a sharply lower cost and enjoy a host of social integrations that turn recurring payments into long term relationships. The app is also an ewallet that facilitates easy and quick payments to any individual or business on the Corduro network.

"Our goal is to allow customers and donors to make payments in the most convenient way possible for them -- whether that is credit, debit, check, e-check or cash -- and to allow merchants and charities to accept and process these payments in the most cost effective and advantageous way for them," said Robert Zeigler, CEO of Corduro. "This is the only mobile payment app that makes taking and making any payment, anywhere in the world simple and less expensive than it's ever been."

Powerful intelligence on the backend saves money in processing fees
Like other mobile and online payment systems, users begin with Corduro by simply downloading the app from either the Apple iTunes store or the Android marketplace and entering their information. But unlike other mobile solutions that charge a set fee for every transaction, Corduro's powerful platform scans the payments network to select the least expensive option for routing each payment. Merchants and individuals accepting payments via Corduro can rest assured they pay the lowest fee on every transaction -- in many cases up to 30 percent less than other services that also require additional hardware and set up.

"For most businesses today, 'payments' is more than just accepting and processing credit cards. It's about managing and building a complete relationship, today and in the future, with customers," said Joe Kraus, partner, Google Ventures. "Corduro takes an innovative approach to the whole payments challenge by providing an end-to-end solution for mobile transactions making it seamless and easy for businesses to transact with customers anywhere in the world."

The easiest, most complete payment system
The Corduro mobile app is free, simple to use, and secure. The app can process payments via credit or debit card, e-check, or PayPal, and the funds are deposited directly to an organization's account. For the first time, multiple devices can be authorized to collect and contribute funds or sales to a single account providing the greatest flexibility and scalability as needed. As an added benefit, Corduro's innovative optimized payment network means more money stays with merchant or non-profit account holders.

Corduro also provides customer relationship management platform for all its user clients as well as free shopping carts services and Helpdesk support. There are no limits on transaction amounts and all funds are immediately available in user accounts. Corduro is also the only mobile payment company that can accept payments anywhere in the world, in any currency.

Charitable giving a priority, now even easier
Reflecting its founder's interest in supporting non-profit organizations, a separate section of the app is specifically designed to help non-profit and charity organizations easily and quickly drive fundraising and awareness campaigns. Users can select specific organizations they'd like to support and immediately make a cash donation to that group and then share that support with their social network. The app also lets nonprofits and other organizations mobilize their volunteers in a whole new way. Users can share their passions by inviting others to register with Corduro and join the charitable groups that they support.

"It's a powerful tool," says Jared Paul, founder and executive director of A Good Idea (www.agoodideasf.org). "When you're running a nonprofit, you need two things -- volunteers and money. The Corduro app lets our current volunteer base spread the word and also introduces our organization to other users, so we can continually expand our network and connect people in need with people who want to help."

Corduro will debut its new smart phone application at the Finovate 2011 Spring Conference in San Francisco, CA, on Wednesday, May 11, 2011. The company has partnered with A Good Idea to demonstrate the mobile app's capabilities through a crowd-sourcing event designed to recruit new supporters and raise funds for the nonprofit group. Corduro will also launch its new website, MobilizeYourArmy.com, to introduce the mobile application to a nationwide consumer audience.

ABOUT CORDURO, INC.
Corduro, Inc. is the first to enable payments in a mobile, social, cloud platform on a global scale. In addition to the company's suite of cloud services that enable agile payments, Corduro offers tools for personal data storage, customer relationship management tools, and social media enabled communication. Founded in 2008, Corduro is headquartered in Southlake, Texas.

CONTACT:
Carol Carrubba
Borders+Gratehouse
415.963.4174 ext. 6
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company...
Enterprise IoT is an exciting and chaotic space with a lot of potential to transform how the enterprise resources are managed. In his session at @ThingsExpo, Hari Srinivasan, Sr Product Manager at Cisco, will describe the challenges in enabling mass adoption of IoT, and share perspectives and insights on architectures/standards/protocols that are necessary to build a healthy ecosystem and lay the foundation to for a wide variety of exciting IoT use cases in the years to come.
SYS-CON Events announced today that CenturyLink, Inc., a leader in the network services market, has been named “Platinum Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. CenturyLink is the third largest telecommunications company in the United States and is recognized as a leader in the network services market by technology industry analyst firms. The company is a global leader in cloud infrastructure and ...
Docker is becoming very popular--we are seeing every major private and public cloud vendor racing to adopt it. It promises portability and interoperability, and is quickly becoming the currency of the Cloud. In his session at DevOps Summit, Bart Copeland, CEO of ActiveState, discussed why Docker is so important to the future of the cloud, but will also take a step back and show that Docker is actually only one piece of the puzzle. Copeland will outline the bigger picture of where Docker fits a...
SYS-CON Events announced today the DevOps Foundation Certification Course, being held June ?, 2015, in conjunction with DevOps Summit and 16th Cloud Expo at the Javits Center in New York City, NY. This sixteen (16) hour course provides an introduction to DevOps – the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will res...
As cloud gives an opportunity to businesses to buy services externally – how is cloud impacting your customers? In his General Session at 15th Cloud Expo, Fabio Gori, Director of Worldwide Cloud Marketing at Cisco, provided answers to big questions: Do you see hybrid cloud as where the world is going? What benefits does it bring? And how does Cisco connect all of these clouds? He also discussed Intercloud and Cisco’s investment on it.
SYS-CON Events announced today that B2Cloud, a provider of enterprise resource planning software, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. B2cloud develops the software you need. They have the ideal tools to help you work with your clients. B2Cloud’s main solutions include AGIS – ERP, CLOHC, AGIS – Invoice, and IZUM
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch ...
A new definition of Big Data & the practical applications of the defined components & associated technical architecture models This presentation introduces a new definition of Big Data, along with the practical applications of the defined components and associated technical architecture models. In his session at Big Data Expo, Tony Shan will start with looking into the concept of Big Data and tracing back the first definition by Doug Laney, and then he will dive deep into the description of 3V...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY., and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides private all-in-one social intranets allowing workers to securely collaborate from anywhere in the world and from any device. Social, mobile, and eas...
There is no doubt that Big Data is here and getting bigger every day. Building a Big Data infrastructure today is no easy task. There are an enormous number of choices for database engines and technologies. To make things even more challenging, requirements are getting more sophisticated, and the standard paradigm of supporting historical analytics queries is often just one facet of what is needed. As Big Data growth continues, organizations are demanding real-time access to data, allowing immed...
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on T...
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
There are 182 billion emails sent every day, generating a lot of data about how recipients and ISPs respond. Many marketers take a more-is-better approach to stats, preferring to have the ability to slice and dice their email lists based numerous arbitrary stats. However, fundamentally what really matters is whether or not sending an email to a particular recipient will generate value. Data Scientists can design high-level insights such as engagement prediction models and content clusters that a...