Mobile Payment
Complex ecosystem and ever-changing technology in mobile payment market requires smart mobile payment strategy and architecture to answer different aspects of this transformation including wallet strategy, tokenization model, SP-TSM design and value added service plan.
Mobile is a strategic channel for service delivery and customer interaction. Banks and financial institute try transfer existing services and product and also create new use cases on mobile channel. Among different mobile financial use cases, mobile payment is the most challenging service. Complex ecosystem, ever-changing technology, new players, new business models and customer adoption model show how this service transformation could be complicated and it leads to necessity of well defined mobile payment strategy and architecture and it is a key for successful mobile payment transformation in this competitive and ever-changing market.
Generic
Tokenization Model
Generic tokenization model brings security and flexibility to mobile payment portfolio and it lets banks to expand mobile payment experience in a cost effective way.
Value Added
Service -VAS
Combined mobile payment and value added services like loyalty programs could enhance customer experience and increase loyalty of the target market.
Comprehensive
​Service Provisioning
A service oriented architecture let banks to deploy different products like debit and credit cards to various wallets and platforms consistently .
Cyberilliant helps to shape a smart mobile payment strategy and work with you to design a flexible and cost effective architecture for mobile payment services. In this journey a specific target architecture will be designed to address different aspects of mobile payment strategy including:
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Integration architecture with main players including wallet service providers, payment networks, trusted service providers(SP-TSM, SE-TSM)
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Service provisioning model and role of upstream systems
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Wallet strategy: open wallet, owned wallet or Combined model
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Supporting HCE based wallet and secure element (SE) based wallet
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Degree of compliance against industry standards (i.e. GP)
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Tokenization model: using payment network tokenization or build proprietary tokenization service
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Payment functionality on wearable devices
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Value added services like loyalty program, coupon, smart shopping
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Contact us for more information or send your inquiries to service@cyberilliant.com