Atom™ Transaction Platform enables any transaction on mobile. The platform crypto handler provides an effective intermediary solution to banks to move on to the next level of security after the magnetic stripe.
For non-repudiation by merchant, a 4 digit PIN is generated by the merchants themselves, which will reside in the phone at the application level. The merchant can change the PIN whenever required. The transaction will be cleared and settled domestically through the inter-bank switch.
Multiple mobile operators and multiple issuing and acquiring banks can be a part of the atom™ platform. The flow of funds will be securely handled through the existing banking system. The GSM spectrum also provides an added layer of security for the message flow between the two mobile instruments.
For non-repudiation by merchant, a 4 digit PIN is generated by the merchants themselves, which will reside in the phone at the application level. The merchant can change the PIN whenever required. The transaction will be cleared and settled domestically through the inter-bank switch.
Multiple mobile operators and multiple issuing and acquiring banks can be a part of the atom™ platform. The flow of funds will be securely handled through the existing banking system. The GSM spectrum also provides an added layer of security for the message flow between the two mobile instruments.