The AnyWhereMobile® Payment Network

Combining the best of mSHIFT’s patented technology in mobile banking and mobile payments with the EOS Blockchain, the AnyWhereMobile Payment Network enables a secure and free flow of commerce to be a blockchain challenger to Visa.

ZERO cost for Interchange, ZERO transaction fees, and transaction speeds challenging Visa.

AnyWhereMobile customers earn AWM$ cryptocurrency rewards for everyday transactions. We invite you to learn more about the AnyWhereMobile payment ecosystem.

Stability + Ubiquity = Currency

Promoting Stability for CryptoCurrency Enabling A Friction Free System of Commerce

A primary mission of the United States Federal Reserve System is to stabilize the US Dollar as a currency.  The AnyWhereMobile ecosystem shares this goal of managing volatility of AWM$ to promote a free flow of commerce with AWM$ as the underlying currency.  Since 2010, mSHIFT has participated in the Mobile Payments Industry Workgroup (MPIW) organized by the Atlanta and Boston banks of the United States Federal Reserve system.

The Money Flower

Source: Bank of International Settlement Quarterly Review, September 2017.

The money flower has been modified in this presentation, AWM$ = Cryptocurrency in the BIS report.

ESTABLISHING UBIQUITY OF ACCEPTANCE

AnyWhereMobile as a Blockchain Challenger to Visa

All transaction fees, including Interchange and switch fees are removed in AnyWhereMobile’s payment ecosystem. This capability of mSHIFT’s patented technology integrated with the EOS blockchain answers the ultimate goal of US merchants … a frictionless flow of commerce, in which merchants earn the full value of every transaction accepting payments from their customers.  No fees.

 

According to the National Retail Federation,
“Many retailers have cited swipe fees as their second or third highest cost behind wages and employee health benefits. With retail industry profits averaging only about 2 percent, there is no room for retailers to absorb the expense, so swipe fees are passed on to customers in the form of higher prices.”
https://nrf.com/advocacy/policy-agenda/swipe-fees

 

mSHIFT has worked with the Merchant Advisory Group (MAG), to learn what merchants want and need in a new payments ecosystem.  A zero transaction fee environment with increased data security out of the scope of EMV is highly appealing.  By design, AnyWhereMobile transactions do not reveal or pass any secure financial information to the merchant (ie. credit card info / personal info) that has the potential to be stolen or hacked. 

INTEROPERABILITY BETWEEN PAYMENT SYSTEMS

Fiat Currency and Cryptocurrency

A free flow of commerce and capital requires both full interoperability with merchant’s various point of sales systems in order for purchases to perform seamlessly.  Interoperability with banks is also a precondition so that fiat currency can enter the AnyWhereMobile payment ecosystem. mSHIFT has been focused on enabling a pathway for interoperability between payments systems with the Payments Innovation Alliance, founded by NACHA.

CRYPTOCURRENCY REWARDS FOR EVERYDAY TRANSACTIONS

Cryptocurrency Rewards for Everyday Transactions

Consumers are rewarded in AnyWhereMobile cryptocurrency (AWM$) for every payment transaction.  Our goal is that AWM$ becomes the primary cryptocurrency that most Americans know and use in everyday transactions.  As active participants by their transaction activity, consumers become stakeholders in the ecosystem, deepening their individual stake and cryptocurrency wealth as they are rewarded with an additional reward of AWM$ with every payment transaction.  Individuals gain more personal wealth in the system as the ecosystem grows, and AnyWhereMobile becomes in effect, the digital dollar. By fully integrating down to the cash register with Verifone’s Commander Point of Sale system, we are able to initiate the AnyWhereMobile payment ecosystem with gas stations and convenience stores, which are integrated with US consumers’ daily lives.

CONFIRM TRUE IDENTITY & PRESERVE USERS ANONYMITY.

The Power of the DDA
(Demand Deposit Account).

AnyWhereMobile leverages the strength of mSHIFT’s experience and patented technology for mobile banking and mobile payments in the United States.  We incorporate Demand Deposit Accounts (DDA) i.e., checking and savings accounts at banks and credit unions both for payment as well as a basis to confirm the identity of users while preserving the individual’s anonymity on the chain.   By inclusion and verification of the DDA, we answer all issues related to Know Your Customer (KYC) and Anti Money Laundering (AML). Through mobile banking, mSHIFT has already facilitated millions of secure financial transactions directly from individuals checking or savings accounts for credit unions and banks ranging from community based financial institutions to two of the five largest financial institutions in the United States.  Since 2001, mSHIFT technology has been integrated with multiple banking database cores, spanning over hundreds of financial institutions. Our payment ecosystem incorporates local community banks and credit unions that already meet all regulatory requirements needed, and preserves the individual’s anonymity on the Blockchain.

THE EOS BLOCKCHAIN:

Why EOS?

mSHIFT has committed to use EOS as its blockchain technology.  EOS acts like a decentralized operating system for blockchain applications.

The EOS blockchain:

∞ Supports millions of users
∞ Provides much higher throughput than Bitcoin or Ethereum
∞ Methodology for easy upgrades and bug recovery
∞ Low latency
∞ Sequential and parallel performance to meet demand

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