mHITs winner in Canberra BusinessPoint Awards

Blog by June 23, 2009

Threesides recently attended the 2009 Canberra BusinessPoint awards held at the Australian Institute of sport.  We got the chance to meet one of the award winners who had a very familiar face – it was Harold Dimpel from mhits.  Maybe not a familiar name but Harold’s face was recently seen on ABC television The new inventors show.  He has developed a very useful technology to pay by SMS.  Great to see world leading technology coming out of Canberra.

Harold sent me some information on his win and his product.  From Threesides to mHits – “Well done Harold!”

mHITs (pronounced Em-HITS) has won the Canberra BusinessPoint Award for Innovation and Commercialisation. The award was announced at the Canberra BusinessPoint Gala Awards Ceremony in Canberra on Friday 12 June 2009.

“We are very proud to have been a winner in this years Canberra BusinessPoint Awards” said mHITs founder and CEO Harold Dimpel. “It is recognition that innovation and successful commercialisation are possible even in challenging economic times” he continues.

What is mHITs?
mHITs is the next step in the evolution of payments. The service allows users to make and receive payments by SMS text message.

The mHITs service allows consumers to pay for coffee or other food and beverage items using their mobile phone simply by sending an SMS text message. Consumers can also use the mHITs service to pre-order their items before arrival at a venue, meaning less queuing and waiting and faster service.

Users can also send and receive money instantly via SMS text message between any Australian mobile phone. This makes mHITs ideal for applications such as splitting bills, IOUs and taking collections for payments. The service works on all mobile phones, all Australian mobile networks and with any account plan.

mHITs recently launched it’s “pay for coffee by SMS” service in the Sydney CBD and has plans for rollouts in Canberra and Melbourne later this year. Details of venues currently using the service are available via the mHITs website at www.mhits.com.au.

How it works?

mHITs works by users sending SMS text messages to interact with the mHITs server. Payments can be made to other mHITs users, and can also be made to unregistered users. More money can be added from any bank account, or money can be moved out of the system back into a bank account. See below for a summary of commands:
mHITs users can pay each other and purchase goods and services from mHITs merchants. VAll new users currently receive an immediate $5 cash sign-on bonus.

What does mHITs stand for?

mHITs stands for mobile Handset Initiated Transactions and was first launched in 2004 as a platform for delivering pre-paid mobile re-charge vouchers via SMS. The service was re-launched in May 2006 as a person-to-person payment system. A merchant facility allows business to accept payments from mHITs users.

contact details
For more details, visit www.mhits.com.au or contact Harold Dimpel on 0410 622 272 or via email at harold@mhits.com.au.

About Canberra BusinessPoint

Canberra BusinessPoint is an exciting new ACT Government initiative. It is a sophisticated business information mentoring and advisory service for business in the ACT region.
Canberra BusinessPoint is an innovative and free service designed to deliver end-to-end advisory services for startup businesses, young businesses, entrepreneurs, exporters and established enterprises.
Specifically the program aims to assist businesses from a diverse cross-section of industries within the ACT, with particular respect to: growth plans, commercialisation of ideas and concepts and mentoring owners and operators in the effective running of their business.

Visit www.canberrabusinesspoint.com.au for more information.