Mobile technology is transforming the customer expectations for payments services. Whether
consumer-to- business, business-to-business or person-to-person the processing requirements are
essentially the same so you need a single solution that services all payment offerings. In some
cases, these are private closed loop services while others are open such as Apple Pay or Samsung
Pay. Naturally you will require the support of tokenisation where critical details like a card number
are stored on the phone.
Manage prepaid accounts where funds for 'mobile account' are stored in closed loop schemes
Ability to orchestrate the processing for a wide range of mobile services to your specific requirements
Connect to appropriate interbank schemes or systems for services like fraud detection
Authentic can also be used in developing economies to support a wide variety of mobile banking and payment initiatives that target unbanked individuals and micro-businesses. It delivers a complete, end-to-end mobile payment infrastructure that allows a full range of banking transactions to be performed on a wide variety of standard mobile phones. It manages prepaid accounts where these are adopted, and routes transactions to the banks or processors who provide account management services. Where national or international card schemes are involved, then Authentic enables links to the appropriate networks so that transactions can be routed for authorization.
NCR also offers sophisticated fraud detection and prevention solutions to protect mobile, online and tablet-based transactions.
To discover more about the impact of Apple Pay on mobile payments, the role of EMV and the possibilities of contactless payment devices read: The road to contactless payments: EMV, Apple Pay and tokenization.