Allied Wallet Featured in Fortune Magazine's 'The Digital Dollar'

LOS ANGELES, March 5, 2013 /PRNewswire/ -- Allied Wallet, a global leader in online credit card processing, multi-currency merchant services, state-of-the-art payment processing, digital eWallet solutions, software development, and a provider of a PCI Level 1 payment gateway, was featured in Fortune Magazine's section "The Digital Dollar" as a pioneer of payment innovation in 2013.

Fortune Magazine's March 2013 issue covers current payment trends and the shift into digital payments. People have become significantly more comfortable with web-based payments, including payments on their mobile devices.

The article states, "…mobile payments will account for more than $1 trillion worth of transactions in 2015, up from $241 billion in 2011. That shift to mobile will have a major impact on business, says Andy Khawaja, CEO of Los Angeles-based Allied Wallet, as companies will be able to sell items to any cellphone user across the globe."

The shift into web-based and mobile payments can invite fraud and scam activity. Allied Wallet prides itself on its proprietary methods of fighting scam online. By securing every transaction, Allied Wallet makes international processing more secure.

The article addresses several transaction methods that payments are adopting including the digital wallet, near field communication, PayPass contactless transactions, and even biometric, fingerprint-based transactions for mobile devices. "The Digital Dollar" offers Fortune Magazine's readership a quick glimpse into the industry of digital payments, the future of global commerce.

Allied Wallet CEO and Founder, Andy Khawaja, stated, "Allied Wallet is not just a payment processor. We are software developers. We are protecting consumers and merchants from scam and fraud. By securing payments and creating new ways to pay, we are stimulating the world's economy and creating the world we want to live in."

About Allied Wallet:

Allied Wallet continues to revolutionize the e-commerce industry by introducing new and innovative payment processing solutions for online merchants, enabling them to send and receive international payments. With PCI compliant merchant services for nearly any business size, Allied Wallet provides a state-of-the-art payment gateway to optimize online transactions for any company. Allied Wallet continually develops software to integrate with every e-commerce solution in the world. Visit https://www.alliedwallet.com/press-publications/fortune-magazine-allied-wallet/‎ ‎for more information.

SOURCE Allied Wallet