Mobile Payment Technology Solutions
The CIDWAY Mobile Payment solutions contain groundbreaking patented technologies - never yet available in one cohesive offering on a mobile handset. CIDWAY has created mobile payment solutions that address the needs of multiple channels, providing advanced security, ease of use and seamless implementation into an existing infrastructure.
Mobile Payment Applications
The CIDWAY Mobile Payment allows transactions with both on-line and off-line payment accounts that are not limited to micro payments or mobile wallets.
Mobile Payment Patented Technology
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Mobile One-time Password - time synced and time drift protected.
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Acoustic Transmission – this includes a patented acoustic conversion technology for encrypted authentication and transaction data (One-time password and Digital Signature). This innovative technology facilitates a secure, easy and cost-effective means to transmit transactions – using the voice channel.
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SPFP™ (Strong Pin Fraud Protection) - securing the Private Key for a digitally signed transaction – ensuring that the password cannot be retrieved from the code of the application.
Payment Benefits
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Ability to use a mobile device to securely transmit payment information, eliminating the need to carry or show a credit card.
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Payment information transmitted as an acoustic digital signature creates a “card present” transaction status. No repudiation. No charge backs. Lower transaction costs!
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Mobile payment can be used for a point-of-sale transaction at a physical store. Utilizing the acoustic transmission technology with a phone channel (land-line or cellular) eliminates the need for a standard POS terminal.
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Mobile payment can be used for an e-commerce website.
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No impact on existing infrastructures and processes.
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Totally secure. High level of fraud protection.
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