US-based Bluefin Payment Systems has announced partnership with mobile payment startup Paydunk to offer a new all-in one mobile security and integrated ecommerce payment solution.
Paydunk has created a mobile application that allows consumers to conduct online payment through the Paydunk button at checkout, entering a PIN, and confirming the transaction.
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The company will now offer integrated payment processing to its clients via Bluefin’s PayConex payment gateway that features Tokenization and Transparent Redirect technologies.
The alliance integrates Paydunk’s encryption and decryption security features for online transactions with Bluefin’s secure ecommerce payment processing to offer a secure process aimed at reducing PCI-DSS compliance scope.
Paydunk co-founder Robert McHugh said: "Paydunk solves this problem by passing the users encrypted payment information right from their smartphone to the payment processor or gateway. The whole checkout process can be completed in as little as six simple touches. No logins, no QWERTY keyboard and no sharing of any personal or financial information are required."
Bluefin chief of integrated payments Julie Counterman said: "Studies show that mobile payment cart abandonment can be as high as 98% as a result of browsing capability issues, security concerns, accessibility and clunky payment methods.
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By GlobalData"We are excited to compliment Paydunk’s mobile app with our proprietary PayConex integrated Ecommerce payment platform and industry-leading security suite."
