The point-of-sale gateway for Scottsdale-based Apriva, the leading provider of end-to-end wireless transactions and secure information solutions, processed more than $1.85 billion in transactions in the third quarter of 2011. That total beat its record $1.76 billion in the previous quarter and a 25 percent gain over the third quarter of 2010.
In the first three quarters of the year, Apriva processed approximately $5.14 billion in transactions during the first three quarters of 2011, an increase of 27 percent compared to the same period in 2010. “Our entire POS business—including mobile payments, vending, and our core gateway services—are all performing exceedingly well,” Apriva president Paul Coppinger said.
“We have every expectation that these trends will continue through the busy holiday season and into 2012 when we will introduce Apriva’s new wallet solution,” he added. Transaction Trends magazine reported the wallet technologies would include use of credit and debits cards embedded with chips, smartphones and swipe cards.