OT and Mobeewave Announce Solution to Turn NFC Devices into Secure Mobile Payment Terminals

Oberthur Technologies (OT) and Mobeewave, a key actor in mobile payment, are announcing a solution – Flying mPOS – turning any NFC device equipped with OT’s PEARL eSE into a secure mobile payment terminal (mPOS). OT and Mobeewave services rely on a disruptive NFC mPOS technology designed to address key actors of the industry, ranging from mobile device manufacturers to banks and merchants integrating their solutions in the next generation of NFC mobile devices.

Payment acceptance is the key enabler of mobile payment. In the context of global digitalization of payments the question of mobile payment acceptance represents a strategic issue for all actors in the mobile and payment industries. While the number of NFC-enabled phones and contactless cards issued around the globe is rising substantially, mobile payment acceptance remains insufficient. In the US, for example, the ratio of issued contactless cards to terminals is only 600 to 11.

OT is leveraging its market-leading positions in the payment ecosystem – with more than 2000 banks as customers – and with the major mobile handset makers (OEMs). Mobeewave brings the first NFC mPOS solution allowing NFC devices to accept secure contactless payments.

Read more here: http://www.heraldonline.com/2014/11/12/6520482_ot-and-mobeewave-announce-solution.html?sp=/100/773/385/&rh=1#storylink=cpy