By: worldnet On: May 20, 2012 In: Comments: 0

Silicon Republic talks to CEO Will Byrne and Head of Product Innovation John Clarke on the mobile payment capabilities of the Worldnet platform.

Startup of the Week - Silicon Republic | WorldnetWorldnet has the first mobile phone app [in Ireland] to allow companies take credit card payments via either iPhone, iPad or Android devices. Byrne claims that over 250,000 businesses operating in Ireland today don’t have access to credit card payment facilities.

“It’s a huge missed opportunity for these businesses to sell their goods and services and to get instant payments,” he says. The platform itself uses end-to-end encryption technology so that card details will never stored on a phone. “Customers get a receipt by email or a text message. The business downloads our API to their phone. The credit card details are captured on API and fully decrypted instantly after the payment is authorised,” explains Byrne.

It was back in 2008 that Will Byrne set up Worldnet along with John Clarke and Billy Saunderson. The trio, who had a combined experience of over 30 years in the payments industry, had identified a market opportunity in providing multi-channel payment processing solutions.

Their focus was on e-commerce and mobile payments, but the company has since added on a social media payments portfolio, in the Irish marketplace as well as internationally. Explains Byrne: “As a management team we had a good mix of business and technology skills and felt the time was right to launch our own business.”

According to Byrne, a key element of Worldnet’s success up to now has been down to the fact that all of the company’s software design and development is done in-house. “That way we benefit from having a close-knit group of highly skilled, IT professionals working with our business strategy and the product sales team.”

The full article can be read here. Worldnet’s mobile payment platform, previously known as Payjack and now rebranded as Worldnet Mobile, can be viewed in more detail here.