MobilCash positions itself as an open standard, working on any mobile phone with any payment method. Mobile operators
or financial institutions do not need to approve or certify the application, because it is customer driven. By integrating
our system with payment gateways in each market, we offer a turn-key solution for business and consumers
Technology as a Strategic Advantage
-
Security:
Before the application on the phone can be utilized, an automatic setup process is launched, allowing a set of
encryption keys and the phone number to be stored in the phone memory. This encrypted data is used in every
transaction to secure the communication with the main server.
-
Proprietary Technology:
MobilCash utilizes a proprietary technology developed by our technical team and filed under international application
PCT/ ES2005/070115 on July of 2005 at the Spanish Patent Office. The international application was published with
number WO2006/016000A1. Simultaneously, the application submitted to the United States Patent and Trademark Office was
accepted with the same priority date.
-
Interoperability:
MobilCash utilizes a combination of Java (J2ME) and SMS technologies that are open and easy to incorporate on any
existing mobile device. Utilization of standard GPRS and SMS connections and the ability to use any wireless technology
make our solution a true open standard.
-
Privacy:
Since MobilCash is a client based application that links each unique customer to a mobile device, a phone number, a PIN
and a username and password, it provides a much higher level of privacy than any other current payment method.
-
Global Acceptance:
By having the MobilCash system integrated with Visa/MC certified payment gateways in different countries, we can
guarantee acceptance of the most common branded payment methods (Visa/MC) when linked to MobilCash accounts.
MobilCash’s strategy is to continue developing such strategic alliances with payment gateways around the world to
secure a true global acceptance.
-
Ease of Use:
The application setup on the phone has being designed as an automatic process with the user interacting only to
validate private information. MobilCash applications are based on simplicity and the minimum amount of information
to securely process the transaction.
-
Cost:
While using Java versions of MobilCash applications, the amount of data is minimized (by encrypting and compacting
the data) which also minimizes the communication cost per transaction.
-
Scalability:
MobilCash applications are marketed to merchants as a turn-key solution that requires no installation or customization
and takes advantage of integrated services with payment gateways in each market.
|