Our mobile payment system, mPoint, contains a range of mobile payment options, all integrated into the overall structure of the Mobile Enterprise Framework. This enables mPoint to interact with financial, billing and credit card clearing systems.
mPoint currently supports:
- Browser-based payment (credit cards)
- Premium SMS
- Peer-to-peer payment
- International remittance
- Coupon-based transactions
- Credit-based transactions
- Loyalty-point-based transactions
These payment instruments rest on an underlying architectural design and logic that is equipped to handle emerging mobile technologies, including NFC. This flexible and robust structure, provided by the combination of the Mobile Enterprise Framework and mPoint, enables companies to extend payment systems into the mobile environment today. It also allows for the implementation of strategies and technologies that will prepare business systems and IT infrastructures for a dynamic and fast-changing future.
mPoint contains an automated reporting and settlement tool that allows companies to utilize mobile payment—including Premium SMS—as a fully integrated payment method with auditing capabilities and billing consolidation. This means that mPoint will provide detailed transaction information in standard formats, enabling existing financial systems to manage these payment instruments the same way other payment methods (i.e., internet, point-of-sale) are handled. This includes Premium SMS, which up until now has been an immature payment method used solely for digital content and by charities. With Cellpoint Mobile’s mPoint, companies can now utilize Premium SMS as a real payment method.
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