Online-Ecomm/Cloud-Merchant Transactions directly with the Offline Customer at the mobile-POS!

 

MetaSepia enables >1 Billion Offline smartphones for Online cloud payments and Mobile2Mobile payments/transactions with 3 emerging products for wallets, brands, Softcard issuers,  merchant cloud-Payment Services Providers (PSP), and Payments as a Service (PaaS) partners, and a mobile2mobile mutual authentication utility for emerging apps.

We bridge the mobile contactless Near Field Communication (NFC) disintermediation gap and transfer the ApplePay fees of ~$3B in 2019, and other mobile payments fees to the online merchant PSP. We enable instant rewards and services for the offline customer on any smartphone at the mobile Point of Sale (mPOS). We enhance the transaction experience with any personal smartphone.

About 2.8 Billion mobile wallets were in use worldwide by 2021 and expected to jump 74% to 4.8 Billion wallets in 5 years, according to Boku/Juniper Research. More than 100 million Americans are expected to use proximity mobile payments, compared to 72 Million in 2019, according to eMarketeer, and more than 5o% of smartphone users will make proximity payments. We offer an Optical alternative to online-cell and offline wifi/bt/NFC transactions with their high user-frictions. We offer:

1. Offline Mobile-to-Cloud electronic commerce (Ecomms) and cloud-based Payments at the merchant online mPOS. We extend online eComms to the offline customer at the merchant mPOS! We achieve this by using the common devices display and selfie-camera hardware as a high-speed Optical Modem system. This effectively bridges the Offline-customer to an Online/Cloud merchant communications layer at the mPOS, greatly reducing merchant friction and adding the online security, wallet function, receipting and rewards, stored value, alternative currencies, data sync, and other typical online payments and  features available at the cloud-level. No new POS terminals may be needed. An online payment may allow for higher mobile proximity payments limits than present NFC payments.

The merchant’s smartphone mPOS acts as an untrusted Optical pass-through/relay device and the transaction protocol is directly between  the Offline phone and the merchant’s cloud payment services via an embedded Zoom/Cisco/other Video channel that is briefly open for the transaction. We shift the center of offline mobile payments to the online merchant payments service providers. The transaction fees gap between online payments and NFC payments is narrowing with advances in online payments risk and security services. Greater features are offered to the online customer, but not the offline customer, and this is an exciting opportunity for our unique transactions and data-sharing system.

2. Proximity-based Mutual Authentication api and transaction channel for newly merging m2m apps. We use the optical channel as the communications layer between phones rather than an RF/NFC communications layer. We act as a smartbridge between nearly all phones, enabling device ubiquity, and executing online protocols at the offline phone for emerging apps requiring proximity security and mutual authentication. We also enable offline mobile to offline mobile Mutual Authentication and data sharing.

3. Offline-to-Offline transactions. The optical transactions occur between phones in this use of our utility, and not an online cloud/server, in similar manner to present mobile Offline2Offline contactless transactions. This product also provides emerging mobile phone proximity transactions apps with Mutual Authentication and ID Verification security functions.

Our technology is software-only for any smartphone OS.  The mPOS updates are at the server level and not the phone/device level, enabling fast updates for emerging payments.

We demonstrated  mobile to mobile GooglePay and Paypass optical software payments protocols between offline IOS and online Android devices on the Abrantix CH certified test network, processing a test token in 2.39 seconds in late Dec, 2020, and a PayPass Transaction in January, 2021 and transaction speeds will average 1 second or so. This mobile to mobile payment prototype utilized a certified EMV Level 2 software kernel with protocols for mobile NFC, and normal merchant PSP processing and transaction authorization for NFC payments. We demonstrated only the software protocols as an example of how we can bridge the NFC disintermediation gap via a novel ubiquitous communications gateway and execution at the cloud-level or the merchant device level.

We have a novel mobile2mobile data-sharing and transactions architecture supported with 3 issued patents, a professional development team available as consultants upon request, and an initial demo prototype between Samsung mPOS and Apple phone customer payment.

We are now offering the IP, patents, and knowhow to interested parties for acquisition, with our assistance, as requested. We offer 2+years dev time and 3 issued patents advantage over any emerging competition.

Our Patents can be used for future defensive purposes when competitors or opportunities form, and as a present opportunity for a new product channel with an existing, or startup, mobile transactions company. Startups would have the advantage of owning IP during fundraising. The low cost of entry to MVP testing  and the high upside potential qualifies this as an exceptional acquisition opportunity!

Fast Encoded Bidirectional Data Beacons

The always-emissive color beacon technology greatly increases bidirectional 2-way data payloads and signal-to-noise improvements over static high-contrast 1-way QR codes, and can be located across the displays as patterns, logos or other branded or personalized objects.

 

The beacon’s multiple colors offer multi-bit data depth far exceeding QR data density (besides being a 2-way communication process), and necessary for fast software security protocols and data sharing. The user scanning-experience is similar to QR code payments.

 

Please view our 2.4 second GooglePay EMV software-only protocols transaction HERE and request a short slidedeck for this exciting opportunity to acquire this newly emerging mobile transactions utility for wallets, payment apps, and existing and emerging proximity apps requiring mutual authentication. (updated May, 2022).

 

Kerry Brown, CTO and co-founder:  kbrown@metasepia.com

IP acquisition Opportunity, June 2022

Youtube links and Downloads

We extend online payments directly to offline customers at the mobile Point of Sale phone or device This allows any personal offline device to communicate with cloud payments via any online merchant mobile device with high security and speeds approaching typical NFC payments. We provide Mutual Authentication between mobile devices in offline2offline and offline2online front-ends for emerging apps. We provide a brief link between the customer and the cloud in support of any apps needing such access,

Our Mobile Transactions Utility Development and Equity Partners

Kerry Brown

CTO, cofounder, Utility Development and Acquisition Promotion Partner

Peter Landrock. PhD

Crypto Security Expert, cofounder, director

Dan Cvrcek, PhD

Advisor, Steganography and analysis

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