MetaSepia, Inc. announces partnership on product development and testing with AtomicPay

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PALO ALTO, CALIFORNIA – 02-20-2019 (PRDistribution.com) — MetaSepia, a new mobile proximity payments securitized channel technology company, has been selected as a launch partner by AtomicPay, a mobile wallet payments and decentralized payment gateway for cryptocurrencies and fiat currencies.

 

MetaSepia, Inc and AtomicPay announced today that they will partner on product development and testing with merchants in multiple Asian countries utilizing the AtomicPay payments technology and application.

 

MetaSepia’s technology will create a mobile Optical to Optical (O2O) Trusted Transaction Environment (TTE), enabling secure “NFC-like” mobile proximity payments, and encouraging mobile consumers and merchants to use their favorite images for mobile transactions. This will result in lower fee peer payments opportunities and personalized transactions for an Interactive Customer Experience (ICX) at the mobile Point of Sale (POS), and supporting merchant-customer loyalty/brand initiatives with fiat, alt-currencies, and digital assets. 

 

The MetaSepia solution is a new security payment channel, doubling the secure proximity payments channels from NFC only, and increasing security for AtomicPay offline payments. 

AtomicPay and MetaSepia are building something new

 

AtomicPay, “The technology behind AtomicPay allows shop owners to obtain immediate custody of funds whenever a user makes payment. The platform does not work as a financial custodian like PayPal or Bitpay”, according to Benz Rif, founder. “From the start to the end of a payment, no funds will go through AtomicPay and neither does the processor hold any funds belonging to retailers.”

“It is an entirely peer-to-peer (P2P) payment solution, with the convenience and benefits of a payment processor,” explained Rif. “A small merchant transaction fee provides revenue.”

 

MetaSepia enables customers to use interactive personalized images, engages buyers with their purchases, and facilitates merchant loyalty and brand initiatives. “We believe this kind of personalization leads to customer interactions with employees that result in repeat clientele,” said David Watkins, CEO of MetaSepia. “Pioneered by companies like Amazon and Facebook, personalization can increase customer engagement and build loyalty.” MetaSepia is currently in development, pre-product, and now raising a seed round.

“We’ve just doubled the number of secure mobile proximity payments channels from the present NFC. Three issued patents and two technology development and launch partners, with more in discussion, provide technology and value validation. A supportive legal mandate in AB161 will help drive the in-store last foot mobile proximity payments ICX adoption, while delivering novel security at the endpoint,” said Kerry Brown, founder and CTO of MetaSepia, and cofounder/former CTO of Vivotech, a developer of mobile NFC products, distributing nearly 1M NFC merchant POS terminals. 

“The MetaSepia solution vastly updates existing QR-based mobile offline P2P and in-store retail transaction payment systems, upgrading them to secure blockchain proximity payments solutions more easily implemented, documented, and maintained than traditional NFC. This supports cryptocurrency, digital transactions, tokens, and multiple fiat currency options at the offline mobile POS and P2P, reducing repudiation and other fraud”, explained Brown.

MetaSepia is a new secure “NFC-like” personalized mobile proximity payments channel

This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: (i) the contraction or lack of growth of markets in which we compete and in which our products are sold (ii) unexpected increases in our expenses, including manufacturing expenses, (iii) our inability to adjust spending quickly enough to offset any unexpected revenue shortfall, (iv) delays or cancellations in spending by our customers, (v) unexpected average selling price reductions, (vi) the significant fluctuation to which our quarterly revenue and operating results are subject due to cyclicality in the wireless communications industry and transitions to new process technologies, (vii) our inability to anticipate the future market demands and future needs of our customers, (viii) our inability to achieve new design wins or for design wins to result in shipments of our products at levels and in the timeframes we currently expect, (ix) our inability to execute on strategic alliances, (x) the impact of natural disasters on our sourcing operations and supply chain, and(xi) other factors detailed in documents we file from time to time with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. 

Media Contacts:

Company Name: Metasepia Inc
Full Name: Kerry Brown
Phone: 6505302192
Email Address: Send Email
Website: https://metasepia.com/

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