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Saturday, October 20, 2012

SCCP Eyes Mobile Banking Solution Market : m-POS

MANILA, Philippines — SCCP Group, the global innovator of secure mobile commerce solutions, is planning to launch its end to end solutions in the Philippine banking sector as a follow-up to its successful launch in Thailand. Jerome Cle, CEO and Co-Founder of SCCP Group, revealed this as he cited Asia as the site for the world’s first complete live implementation of an end-to-end, secure mobile point of sale (mPOS) solution provided by Swiff platform. The partnership between the Swiff platform and Thailand’s leading consumer finance bank, Bank of Ayudhya (BAY), will allow the latter to provide its customers with new retail opportunities made possible by the flexibility and low cost of Mobile POS. Swiff is also looking at bank partnerships to be developed in growth markets in the Asia Pacific like the Philippines whose banks employ some of the most sophisticated technology in electronic banking. “This is an exciting time for the payment industry, with technology being the bedrock for enhanced mobility, payments, convenience and productivity improvements. Clients of banks in Asia including the Philippines stand to benefit from the flexibility and convenience of the mPOS solution,” said Cle. “We’re ready to empower banks worldwide with technologies that enable truly secure mobile solutions that supports acquisition and retention of customers, allowing them to stay competitive in the m-commerce revolution,” added Cle. Unlike other mobile payment companies, Swiff is not a payment aggregator and is a technology provider and partner to the banking and financial industry. Through Swiff’s innovative and unique technology, banks have the tools to roll out mobile strategies that enable bank-level secured, authenticated transactions. Swiff’s mobile platform is embedded with a Multi-Factor Authentication application that has the ability to track the mobile device, the staff who authorised the transaction, and identify the location where the payment was transacted. This enables the quick identification of any possible fraudulent use of the credit card, and promises an extremely high level of security for safe and secure card transactions. “Our strongest differentiator lies in our ability to seamlessly integrate into any acquiring bank, allowing the bank to rapidly provide an mPOS service to existing and new merchants. On the commercial front, we are opening doors for banks to achieve a richer level of engagement with their customers. Increasingly, people are changing their payment habits and are more willing to use cashless systems through mobile devices to do banking, money transfer, and commerce activities,” said Executive Vice-President of SCCP Group. SCCP Payment Services Holdings is a leading innovator in secured payment technologies worldwide. Incorporated in 2010, it brings together a suite of end-to-end secured payment solutions to card issuing and merchant acquiring services globally. With the company’s combination of unique patented proprietary technologies in payments processing and authentication, merchants and financial institutions are able to deploy one integrated payment solution. Headquartered in Singapore, SCCP strives to deliver tailored payment solutions for its customers in Asia Pacific, Africa, Europe and North America.

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