HOUSTON--(BUSINESS WIRE)--cMoney, Inc. (OTCBB:CMEY) is a Houston-based company that is at the forefront of global mobile phone-based payments and money transfers, while using the POS and ATM payment system. The cMoney solution utilizes secure patent pending technology for its mobile phone users, retailers, and financial institutions, and continues to innovate and strengthen the cMoney brand globally. cMoney is honored to be accepted as an IBM Business Partner.
As cMoney continues to finalize our early stages of funding, roll-out plans and business partners, cMoney announces our business partnership with IBM. cMoney now has access to IBM’s international hardware and software technology which will allow us to transition to our first stage prior to launch, which will be the enhancement of our cMoney demonstration solution. Our long standing technology development team has been an IBM Premier Business Partner for many years. Our development partner has built and enhanced their infrastructure on IBM hardware and software including IBM’s middleware, Web Sphere and database software utilizing IBM’s Information Management - DB2.
cMoney will work with IBM’s Global Innovation Centres to assist cMoney with its large infrastructure integration and its performance and platform synchronization for all transactions. This will ensure that our cMoney solution can meet our forecasted volumes, during peak demands. cMoney will then share these results with our potential customers and partners to reduce the risk and implementation timeframes.
cMoney CEO Paul Matthews said, “I have worked with IBM as a business partner since 1985 and understand their excellent hardware and software products very well. It is important that the cMoney total combined solution and platform offering with IBM and our cMoney business partners offers our customers, with an IBM infrastructure installed, a significantly reduced overall security risk and reduced time to market. This will increase our ability to generate revenue for merchants and shareholders more quickly. Now collectively, with our partner IBM, the cMoney application is the total solution for our customers, which has the competitive advantage to revolutionize the mobile payments market which allows cMoney to remain Number “1” worldwide.”
About cMoney, Inc.
cMoney, Inc., a Houston-based technology company that provides innovative secure mobile payment solutions for mobile phone users, retailers and financial institutions, has developed an innovative way to send money and pay for goods and services using a mobile phone and the text messaging system protected by patents. Scheduled to debut in 2011, the pioneering technology will create a “virtual wallet” that will eliminate exposure to identity and credit card theft for users. It can be used anywhere that cash, checks, ATM’s or credit cards are accepted.
For more information, visit www.cmoney.com or by email at contactus@cmoney.com.
About IBM
IBM (NYSE: IBM), a 100 year old, globally integrated enterprise, head quartered in New York State, maintain a growing Business Partnership program. For more information visit
https://www-304.ibm.com/partnerworld/wps/servlet/ContentHandler/pw_home_pub_index?lnk=ftif
Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to the integration of acquisitions and the ability to market successfully acquired technologies and products; the ability of cMoney, Inc. (“the Company”) to effectively compete; the timing and effectiveness of the planned launch of the new cMoney solution; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company's growth and international operations; adverse results in litigation; and changes in and a dependence on key personnel. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.