Tyfone has announced the launch of iCashe, a new mobile wallet and eCommerce engine that blends mobile banking features with consumer purchasing, gifting and loyalty programs.
With iCashe, gift cards can be purchased and stored on a person’s mobile phone for personal use, or sent to anyone in the U.S. via email or SMS. iCashe requires a person to be logged into a trusted mobile banking app, making purchasing highly efficient, secure and as easy as checking an account balance, says Tyfone.
The service is now available for use with over 100 different name brand merchants, including Barnes & Noble, Fandango and Zappos.com.
Built on top of Tyfone’s u4ia platform, iCashe can also be used with Tyfone’s SideTap microSD secure element technology to enable contactless NFC payments at the point of sale.
According to Tyfone, iCashe can be used through any exisiting financial institution mobile banking app.