WN Labs

10 Reasons Security Technology (WN) Labs
In the WorldNet Labs we take a break from the present, and do some innovation for the future.
The amount of innovation in online payments is staggering - 15 years ago there were no card payments over the internet, and now they are a vital part of our everyday lives.
And yet the level of innovation in online payments is continuing to grow.
We think mCommerce is going to be the next major area for innovation in online payments, so we’re spending a lot of our time looking at it. We expect to see as much innovation in the mobile payment space in the next 5 years, as we have seen in the online payments space in the last 10 years.
But that’s not all – below are some of the projects we are currently working on.
  • iPhone Payment Library
      
    Live

    Yes, we’ve already developed our own iPhone payments app, to allow our customers accept payments on their iPhones. But what of other iPhone developers, who want to be able to embed card payments into their own apps? We are developing an iPhone Online Payments Library, which will allows any iPhone developer to accept credit & debit card payments from their own apps

  • Payments Analytics Dashboard
      
    Live

    We’re talking about Data Visualisation here. We want to allow our customers to view their online payments data in real time, via an “analytics” style dashboard, to give them instant access to their own payment data. This allows them react immediately to any issues or trends that occur – or just simply watch the payment transactions flow in!

  • mPayments
      
    In Progress

    In WorldNet TPS we see mobile as the payment platform of the future - by 2013, 66% of high-speed internet access devices will be mobile phones. All the predictions are that this will lead to an explosion in demand for mCommerce products. But what exactly is meant by mCommerce? Is it a purchase made using a mobile device, or a payment made from funds held in a mobile account? In our Labs we are working with a variety of partners to develop a full range of mCommerce solutions for our customers.

  • Mobile Stored Value Cards
      
    In Progress

    We all know the feeling of forgetting to bring the gift voucher we were given for Christmas along with us when we actually go to the store. But what if you always had the gift voucher with you, stored in your mobile phone?

    Or you have just remembered an important birthday – would you like to be able to instantly send them a Gift Card, directly to their mobile phone?

    We are looking at how the next generation of Stored Value Cards are going to work in the increasingly mobile world. And developing innovative products to meet those needs.

  • Enabling payments in Social Media
      
    Research Phase

    Following on from mCommerce, in WorldNet we believe the next innovation in payments is going to take place in the Social Media space. From Facebook, with 500M+ users, to Twitter, there is a requirement for a new range of payment services to support the requirements of merchants developing Social Media strategies. As with all payment innovations, we believe the most simple solutions will be the ones to win out. So enabling payments to be accepted within Facebook opens up the prospect of a whole new payment market, variously called sCommerce (Social Commerce), or fCommerce. WorldNet are developing multi-channel payment solutions to allow consumers purchase from a merchant via their preferred channel.