Solutions
Mobile Payment Systems

The Mobile Transaction Server (MTS) is the first end-to-end application for mobile commerce systems, up and running since August 2000. It is, in fact, a system that allows service and content providers and vendors to offer their goods and services to be purchased over the mobile phone. MTS handles orders and processes payment transactions. It also collects customer behavior data and acts as a data storage medium for a CRM system.

MTS represents groundbreaking new technology - an electronic business system that is totally independent of time and place. MTS offers flexibility and freedom of choice both to service providers and service users by enabling people to do business wherever they happen to be. It also offers security, as no money transfers actually occurs except at the bank.

M-Commerce is available through the MTS system on several platforms including WAP, IVR and SMS. Different types of payment facilities are also offered such as prepaid, direct debit and credit models.

MTS major advantages:

Consumer advantages:MTS opens up an entirely new, easy, effective and secure means of buying and paying for goods over mobile phones.

· Content producer and retailer advantages:MTS provides an entirely new medium for selling products at higher volumes and lower cost. It also makes administrative routines easier and reduces credit risks since payment transactions are only accepted if the customer has liquidity in the system or is a loyal customer.

Mobile phone operator advantages:MTS allows operators to offer new services and to generate higher revenues through a better level of service.It also substantially reduces unnecessary and expensive billing, as it can be used to handle all aspects of the payment transaction. Operators can rapidly gather accurate information on consumer preferences and use this to target their services more effectively to specific consumer groups.

Financial institution' advantages: Financial institutions will gain new customers by being able to handle service providers' accounts and money transfers. More traffic will also be generated in the bank, as the use of the system is for M-business is quite fast and easy.