Apriva announced that its wireless point-of-sale gateway processed over $1.86 billion in payments transactions in the first quarter of 2012, an increase of nearly 22 percent over the same period in 2011. The figure comes on the heels of Apriva’s record-setting 2011 performance, when the company processed over $7 billion in wireless payments transactions.

The Apriva Wallet lays the foundation for a technology-agnostic, full-featured mobile commerce platform. Through this solution, merchants can offer loyalty programs, conduct mobile advertising campaigns and utilize social media and location-based services to attract customers and deepen relationships. In addition, Apriva Wallet offers merchants a number of reporting capabilities to improve operational efficency and reduce costs.

Apriva Vend gives vending operators the ability to cost-effectively integrate cashless vending into their operations to improve customer satisfaction, increase operational efficiency and expand sales and profit margins. Apriva Vend’s comprehensive service incorporates system hardware and software, wireless connectivity, transaction and alarm reporting capabilities, and integration with leading payment processors and financial institutions.

To read the full press release, click here.