Gemplus, Mobistar and Banksys launch mobile payment service -- ERG trade data forum

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Date Posted: 03:55:53 02/20/03 Thu
Author: 18/02/2003
Subject:

Gemplus, Mobistar and Banksys launch mobile payment service

Gemplus, Mobistar and Banksys launch mobile payment service
18/02/2003
Gemplus, the world�s leading provider of smart card solutions, has announced the launch its new secure mobile payment and banking service.

Gemplus, the world�s leading provider of smart card solutions, has announced the launch of the world�s most secure mobile payment and banking service, mobile banxafe, developed in conjunction with Banksys, Belgium�s expert in secure payment systems, and deployed by network operator Mobistar.

End-users are now able to reload their prepaid account with their mobile phone in a totally secure way. By harnessing the inherent security of the SIM and the SMS channel, operators are best placed to offer their customers with prepaid mobile services (mobile banking and m-commerce) as a first step towards deploying macro-payment solutions. When making a mobile payment, the customer will receive a description of the transaction, displayed directly on his/her mobile phone screen. To authorise this, the customer will enter his mobile banxafe PIN code, or digital signature, which is then verified by the applet.

If the PIN is correct, the signature is sent to the authentication server via the SMS channel, which authorises the transaction to be processed. Payment commissions are fixed and shared in collaboration with the banking sector, which is responsible for the authorisation, risk management, clearing and settlement. Banksys is Belgium�s Electronic Fund transfer operator for all electronic payments. Most Belgian banks are shareholders, which makes it the best partner for such a solution. Therefore, Mobistar customers can belong to any bank and still benefit from this service. Mobile banxafe has been completely integrated in the current debit payment system, which means that a mobile banxafe payment is treated, tracked and managed in exactly the same way as a card debit payment.

Bernard Ghillebaert, CEO, Mobistar, said, "This solution means that we can offer our customers with Belgium's first mobile commerce services. Pre-paid top-up enables us to build relationships with an important market segment. We can achieve this by offering improved convenience and added security for mobile banking and commerce solutions to pre-and post paid customers. Quite simply, mobile banxafe is the most advanced and innovative mobile payment solution on the market to date."

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