NEWS /
No More Paper or Plastic, Just Your Mobile
06 Nov, 2007, 3:00 pm IST | by
Shayne Rana
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mChek, an ISO27001 and PCI-DSS certified company specializing in mobile security and payments, announced that leading e-Commerce and travel portals, FutureBazaar.com, Indiatimes.com, SifyMall.com and Yatra.com have introduced the mChek mobile payments solution to enable a secure and express payment option for consumers. The service is initially available to all customers on Airtel with Visa or MasterCard credit cards and will subsequently be expanded to customers of other telecom operators as well as to debit cardholders. mChek provides a simple way for users to make payments using their mobile phone and a credit card. Developed according to global best practices in the Payment Card Industry’s Data Security Standards, mChek allows consumers to do a one-time linkage of their credit cards to their mobile phone with a user-selected mChekPIN. Once this is done, users can pay for goods on participating websites in two simple steps:
“mChek is committed to leveraging the convenience and security offered by the mobile phone for enabling secure remote payments”, said Sanjay Swamy, CEO of mChek. “Together with our launch partners, Futurebazaar.com, Indiatimes.com, SIFYMall.com and Yatra.com, we are delighted to offer unparalleled security and convenience to consumers and are confident this will enable consumers to shop more confidently on the Internet”. In the future, the company has ideas of expanding their services to shopping in real time with a mobile phone instead of a credit card by simply transferring funds from your credit card account to a merchants account in a store. The same process of using a PIN and a merchants account number would probably be the way it would work. And According to the company standard SMS rates will apply depending on the service provider. |
Tags: mobil payment
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