Mobile Commerce Limited was announced the winner of the Frontier application award competition on October 19. Its application, mPayment, eases payment through SMS and is a cooperation between ASB Bank and Telecom New Zealand.
Tuesday, October 19, 2004
Adam Clark, founder, director and CEO of MCom, says: "I am very proud to have won this award. Frontier is the biggest wireless award in the Asia Pacific region. Winning the award is very good public relations for us and fantastic reward for the hard work put in by the M-Com team, ASB Bank and Telecom." MPayment is a gateway for mobile payment services that runs on MCom's secure platform, the MCom transaction server. The platform is built on MS.net. The payment gateway was launched in April, the first application being MTopUp – an application that allow Telecom prepaid subscribers to buy airtime via SMS and have the payment withdrawn directly from their ASB Bank account. After registering with ASB Bank, users SMS the word 'topup' together with a personal code (password) and buy airtime from the mobile operator. The entire transaction (from sending the SMS to getting the “Accepted” SMS response) takes approximately 10 seconds. The transaction is confirmed via a confirmation SMS including updated airtime balance. Mpayment and MTopUp will also work with Java, USSD, WAP and SIM Application Toolkit capable phones.
He expects that mobile payments will increase significantly and compliment existing payment mechanisms in such areas as internet purchases, parking payments, vending machines, secure payment for phone orders or mail orders. He adds that the application also is suitable for person-to-person payment, the ability to make payment to friends and family. Visit MCom's websiteBy Karin Hanson Last published February 17, 2007
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