C-SAM today announced a joint initiative with MasterCard to offer a white label mobile wallet solution based on C-SAM’s flexible Mobile Transaction Platform (MTP) enabling seamless integration with MasterCard’s pre-paid platform, offers, PayPass Wallet Services and rich informational services.
This integrated offering will provide an attractive, scalable and flexible mobile wallet solution to mobile operators, retail banks and payment providers in Asia Pacific, Middle East and Africa looking to launch a wide range of mobile contactless payment services blended with offers, coupons and rich value added services to their customers. The joint solution will solve complexities of managing multiple mobile devices & operating systems, secure elements, and connections to multiple third party systems. Mobile operators and financial institutions will be able to offer a best in breed user experience to their customers while staying focused on relevant, customizable and profitable mobile services.
“Our partnership with C-SAM offers telcos in the region a NFC solution that comes pre-packaged with prepaid instance issuance, TSM integration and coupon redemption at the point of sale and offers a path to a truly multichannel payment wallet through PayPass Wallet Services,” said Raj Dhamodharan, Regional Head of Mobile and Ecommerce for Asia Pacific, Middle East & Africa for MasterCard.
Commenting on this partnership, Felix Marx, CEO, C-SAM said “We are very proud to be working with MasterCard to offer this innovative solution. The synergistic combination of MasterCard’s deep expertise in payments systems with C-SAM’s extensive experience in mobile wallet technology and deployments has resulted in a powerful and flexible solution that we believe effectively addresses the needs of major players across the mobile ecosystem for an integrated mobile services offering.”
C-SAM, Inc. is a pioneer in secure mobile transactions technology offering a range of mobile phone based applications for financial as well as non-financial services. C-SAM is based out of the USA, with operations in Singapore, Japan and India. The Company licenses technology and provides turnkey services to carriers, banks, merchants, settlement networks, healthcare providers, and large infrastructure providers. C-SAM has launched commercial services in the US, Japan, China, India, Singapore, and Mexico. C-SAM’s highly scalable mobile wallet management platform and comprehensive SDK bundled with over twenty-five reference services has evolved through extensive research and development over the last twelve years for which twelve patents have been issued and over forty applications are pending. The platform supports different handset environments and mobile carrier networks, as well as near-field-communication (NFC) based secure proximity transactions for payment as well as non-payment applications. C-SAM’s unique security architecture enables providers to configure different trust models, and effectively aggregate applications from disparate domains without adversely affecting their existing risk management practices. For more information, visit http://www.c-sam.com .
MasterCard MA -2.64% , www.mastercard.com , is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities — such as shopping, traveling, running a business and managing finances — easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the conversation on The Heart of Commerce Blog and subscribe for the latest news.
Source: C-SAM, Inc – Press Release – 18 May 2012