Accumulates solution for mobile payments- and value added services is based upon the company's inherent technology & patented processes that has been deployed in mobile financial services and mobile security solutions.
Mobile Payment
Accumulate's award winning solution for Mobile Payments is a shift in the paradigm of electronic transactions. Mobile payment will happen, why wait? And why not doing right from the start? With a unique security that eliminates the need for new hardware, Accumulate provide services that are more secure than today's mobile payment solutions and the current debet/credit card schemes.
Accumulate's mobile payment solution is flexible when it comes to pairing technology and can be implemented in the existing Merchant infrastructure and mobile phone community. The solution is a complete 360 degree solution covering all types of payment situations. Add mobile banking and loyalty when needed.
A mobile payment service for all situations
* Point of Sale (POS) - using NFC, barcodes, QR-codes, typing, voice, etc.
* Online payments
* M-commerce - for in-app and mobile browser payments
* Card-less cash withdrawals/payments - from ATM's and money vouchers
* Mobile Merchant applications
* Man-to-machine payment - vending machines, parking meters, electric charging poles, etc.
* Payment information services - balance, transaction history, receipts, alerts and more
* Other services - ticketing, purchase codes, loyalty cards/points and more
* Person-to-person money transfers
* Remittance
Security is the key
* Direct authentication of the User by the Issuer, in real time and for every transaction.
* No sharing of sensitive information between the User and the Merchant.
* No storing of sensitive information in the mobile device.
* Two-factor authentication (2FA), via application authorized to the User and protected by pin. 3 FA possible by adding, for example voice, behaviour or face recognition).
* Secured against phishing and man-in-the-middle attacks.
Mobile banking
The concept of mobile banking is basically equivalent to informational services. Most of today's applications are focused on displaying less sensitive information regarding accounts along with various widgets such as GPS locating of branch offices and ATM's, etc. These kind of services are easy to implement as they don't require a security layer within the mobile application. Transactional services require an extra security token, either in the mobile banking solution or via pre-settings in the internet bank.
Using Accumulate's security client, the mobile phone becomes an authentication tool. By being able to establish the users' identity, transactional services such as bank transfers, invoice payments and stock and fund trading can be added to the service offer. Consequently, the mobile phone becomes a direct access channel to the account meaning that the bank customer can pursue the same actions as in a branch office, via IVR or through the Internet channel.
The mobile channel for all banking services
With the Accumulate technology, methods and processes, all informational and transactional services becomes mobile. Add mobile payment when needed.
Transactional services examples
* Inter/intra bank transfers
* Person-to-person money transfer
* Bill payments
* Cash withdrawal from ATM using mobile
* Money vouchers
* Stock/fund trading
Information services examples
* Balance statement
* Transaction history
* Online and purchase alerts
* Fraud warning alerts
* Offers
* ATM/branch locator
Security is key
* Direct authentication of the User by the Issuer; in real time and for every transaction.
* No storing of sensitive information in the mobile device.
* Two-factor authentication (2FA), via application authorized to the User and protected by pin. 3FA possible by adding for instance voice, behaviour or face recognition.
* Secured against phishing and man-in-the-middle attacks.
Mobile security
Today's society requires flexibility in terms of accessing important data and information as well as the freedom to pursue related actions. At the same time, smartphones collect and compile an increasing amount of sensitive information to which access must be protected. Accumulate enables a wide range of mobile security services that focuses on ease of use under the highest possible security.
Mobile authentication
The mobile authentication service replaces security solutions, such as hardware security tokens, one-time pass codes and digital certificates, and gives organisations a secure and cost efficient authentication solution. Use it to login to VPN's, intra/extranet's and secure web pages.
Mobile signature
The mobile signature service allows the end User to sign different actions with its mobile phone. Example of signings are different types of monetary transactions, increasing/decreasing credit limits, approval of invoices and loan applications, etc. The service provides a complete "Sign what you see" experience and is compliant with the EU Directive 1999/93/EC framework for advanced electronic signatures.
Mobile 3D-secure
The mobile 3D-secure service eliminates the need for hardware tokens. Not only does this service reduce cost in hardware and distribution, it also simplifies the purchase procedure for the end User whilst increasing the security.
Mobile e-ID
The mobile eID solution consists of authentication and signature, but with the addition of eco-system components and a different key handling in order to be able to function in a global eco-system. This service is targeted towards certificate or registration authorities in an electronic identification eco-system.
Security is key
* Direct authentication of the User by the Issuer; in real-time, on every transaction.
* Sign what you see
* No sharing of sensitive information between the User and third parties
* No storing of sensitive information in the mobile device
* Two factor authentication (2FA), via application authorized to the User and protected by pin. 3 FA possible by adding for instance, voice, behaviour or face recognition.
* Compliant with EU Directive 1999/93/EC
* Secured against phishing and man-in-the-middle attacks.