2012-01-11 09h50_44

Jealous of all the new phones coming out equipped with NFC but locked into a contract with your current, NFC-less handset? Worry not, friends, DeviceFidelity and Spring Card are looking to change the game within a several weeks with a new NFC microSD card that will bring touch-to-pay to "a number" of Android-powered handsets.


The card is called moneto and seems to be a fairly simple setup. Pop it into your microSD card slot, place a small NFC antenna inside your battery compartment to help with the signal, install the moneto app, and you're ready to go. The card is configured to work with Mastercard's PayPass system and comes pre-loaded with a $10 so it's ready to use immediately.

While a list of supported devices hasn't been released at this time, DeviceFidelity claims it will be adding "additional phone support throughout the year." The card is expected to be available by Q2 2012 for $30; a similar system is available now for the iPhone in the form of an $80 case.


DeviceFidelity and SpringCard Launch moneto, the World’s First Multi-Platform Mobile Wallet for iPhone and Android at CES

Dallas, TX (PRWEB) January 10, 2012

moneto, developed by DeviceFidelity, Inc. and Spring Card Systems LLC, announced today the launch of the world’s first commercially available mobile payment solution that provides iPhone and Android users a convenient way to pay while on the go. The moneto iPhone wallet is powered by MasterCard PayPass technology and linked to a general purpose reloadable MasterCard prepaid card to enable iPhone users to make purchases with their phone at the hundreds of thousands of merchants that accept MasterCard PayPass.

“For over a decade, MasterCard has led the transformation of mobile phones into secure mobile payment devices,” said James Anderson, senior vice president, Mobile and Emerging payments at MasterCard. “We are excited to partner with moneto so that iPhone users can enjoy the convenience of paying for purchases with a simple ‘tap’ at thousands of PayPass locations around the globe.”

For the first time, NFC functionality is available directly to consumers at retail without the need to change devices, upgrade plans or sign new contracts. The moneto mobile payments technology uses a NFC-enabled microSD chip embedded in a patented, protective iPhone case. iPhone users simply need to sign up at moneto.me to receive the case, install the moneto app from the app store, and activate their account. Users can launch the moneto app to view their account balance, check transaction history and make everyday in-store purchases with a tap of their iPhone at any PayPass-enabled contactless payments reader at the point of sale. Users can fund their moneto prepaid account through direct deposit, ACH transfer or cash/credit/debit card-enabled third-party money transfer services such as MoneyGram, Western Union, PayPal or GreenDot.

“As this breakthrough mobile wallet launches in the US, it not only makes mobile payments available to iPhone users for the first time but it also opens the door for consumers to adopt NFC while pushing mobile commerce forward,” said Deepak Jain, DeviceFidelity President and CEO. “We are excited to partner with MasterCard and SpringCard to break the barriers for a rapid effective rollout that will spur both consumers and merchants to adopt this new wave of electronic commerce.”

moneto also comes with a companion prepaid MasterCard to give users the ability to access cash at ATMs and make online purchases, pay bills or shop at merchants that do not accept contactless payments. moneto also enables card-to-card and wire-fund transfers from a secure internet portal accessible via moneto.me.

“Consumers have been hearing about NFC and mobile wallets for years, now with moneto they can finally start using it and with the most popular smartphone device on the planet. The moneto mobile wallet app is focused on delivering a faster and easier shopping experience that is consumer friendly,” said Kevin Haddad, president of SpringCard. “Our vision is simple: People who use our applications should not have to worry ‘Will this work with my phone?’ as consumers can easily make secure purchases regardless of their phone, carrier, or bank.”


The In2Pay technology behind moneto brings peace of mind to consumers. moneto users can prevent unauthorized access to their account using a PIN that is safely stored in a secure chip inside the microSD. The sleek and durable case design protects the iPhone and the NFC enabled microSD securely stores and encrypts the card information. Additionally, the moneto account is backed by MasterCard’s Zero Liability, which protects consumers against unauthorized purchases.


moneto for iPhone will be available for online ordering in the U.S. immediately at moneto.me for $79.95 which includes $10.00 of pre-loaded funds. The moneto mobile wallet is available in limited release on the iPhone 4S, iPhone 4, iPhone 3GS, and iPhone 3. A number of Android models will also be supported by 2Q12. Additional phone support will be added throughout the year.

The moneto prepaid MasterCard card is issued by University National Bank, member FDIC, pursuant to a license from MasterCard International Incorporated. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.

Cameron Summerson
Cameron is a self-made geek, Android enthusiast, horror movie fanatic, musician, and cyclist. When he's not pounding keys here at AP, you can find him spending time with his wife and kids, plucking away on the 6-string, spinning on the streets, or watching The Texas Chainsaw Massacre on repeat.

  • Levi

    Will be great if someone can get that to work with Google Wallet...get another $10 for free through that.

    • Christopher

      Doubtful. Google Wallet relies on a secure hardware element in the device.

      This solution relies on a similar element in the SD card, which Google Wallet wouldn't know about.

      I wonder how secure this is, given that its interface is exposed via an SD card that theoretically any app can access, as opposed to only ones with a certain signature (like Google Wallet does).

      • mikeymop

        I'm sure Google will add support to detect it in a plug and play manner if it gets widespread enough. Because the best way to get Wallet to be adopted is to make it available on as many handsets as possible. So if any phone with an SD card slot can use NFC the more Wallet users

  • B

    will this work for a Transformer tablet, v1?

    • Ryan

      Haha, I want to see this.
      "Carrying a wallet is such a hassle"
      "That'll be $2.75, sir"
      "Excuse me while I pull out my Transformer tablet to pay for this"

      • mikeymop

        lmfao! this made my night

      • Jon Garrett

        lol, that would be a site to see.

        imagine the looks on peoples faces on line at the concession stand at the movies.

  • uin

    Will it be trade-off? NFC in replacement to SD memory?...I'll take the memory

    • mastermind26

      I was wondering the same thing.

      Or , will this be a regular MSDHC card AND have the NFC in it?

      • Mesmorino

        That would be the best solution... I imagine most people would rather take the memory

    • Jon Garrett

      I'll keep my Galaxy S II that already has NFC.

  • tookie

    so.. would this work with Google Wallet NFC payments? What about Android Beam?

  • Mesmorino

    Wait a second... What are all these new phones coming out with NFC? As far as I can tell it's only the galaxy nexus that has it (and i'm not even too sure about that)

  • Chris

    if it even has memory, id hope i wouldnt have to downgrade from 32 gb to anything less. i need my memory.

    • http://www.mildlydisturbed.com Paul E King

      It does: http://www.moneto.me/faq

      But they don't list the memory amounts. So expect 8GB to start

  • sriracha

    if supported, i'd be happy with 16GB+NFC for my device. certainly no need to upgrade until my DInc2 physically breaks. rock on, future tech!

  • Jaz

    Right now I have an 8gb card and just purchased a 16gb for only $8. If this nfc card comes with a 16gb option under $30 then yes I will use it. But if it is just an nfc card with no memory, then like a lot of you said, I will choose memory over nfc. I'm wondering if htc is going to start integrating nfc into their phones.

  • zach

    will it support Android Beam in 4.0??

  • Aux

    this is pretty cool but unfortunately I wont be willing to sacrifice the 32GB microSD card on my Thunderbolt for such a feature. =\

  • mikeymop

    It's about time! I've been reading about companies planning on doing this since the Nexus S rumors. Glad to see it's finally getting marketed.

  • Abhishek

    Just make sure it doesn't suffers the fate of all those offbeat techs without proper funding... Cause i have a feeling this won't be a roaring success as moneto us envisioning then to be

  • ds

    How about 64GB micro sd with NFC? That will be insane haha.