CashFlow, a new business division within
Voice Commerce Group, has rolled out a white label electronic
payment processing service targeted mobile network operators
looking to outsource the regulatory and payment scheme
management.
The solution is called Mobile Money Box and
is a white labelled version of the CashFlow Account, which gives a
single-account view of all incoming and outgoing payments.
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The CashFlow Account was launched in early
February.
Mobile Money Box supports contactless
payments as well as certain payment apps, such as the CashFlows
Portable App, which can turn an iPhone into a POS terminal.
The Mobile Money Box offering is specific
to MNOs as it offers NFC and card issuing capabilities which are
very valuable to these companies as it allows them to really push
the boundaries and offer their customers new and innovative
solutions using NFC technology, Nick Ogden, CEO of CashFlow told
Cards International.
“As the solution is white labelled the MNO
would be able to offer the same assurances to the customer that the
services were PCI and DSS compliant as CashFlows would be running
them and they would just appear as being a service offered by the
MNO,” he said.
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By GlobalDataIn an official press release, Ogden said
that the outsourcing feature that the Mobile Money Box provides
would enable MNOs to “move very quickly into the marketplace,
with a full range of services”.
