Bankcard System

Admin | October 31, 2011 | Comments Off

Bankcard System

Bankcard System

MasterCard selected Cellum to act as Trusted Service Manager (TSM) of the new application. Cellum, the leading developer of mobile payment applications in Hungary, has been successfully developing secure mobile payment systems in recent years, and now, as partner of large multinational companies, it can enter the world market. Hungarian Telekom and Telenor (mobile telecom service providers) and FHB Bank (financial service provider) are to cooperate in the implementation of the service.

Hungarian engineers created a secure system that allows us to ‘copy’ our bank card to our mobile telephone in a fast and easy manner, and initiate payment transactions. The application combines the advantages of mobile telephones, bank cards and traditional ATMs, and makes top-ups, utility bill payments, money transfer and online shopping easier than ever.

The application is compatible with four platforms (iPhone, Android, Windows Mobile, SIM) and thus available for practically all mobile telephone users. The integrated QR code-based system developed by Cellum is user-friendly, and guarantees fast and secure payment transactions for retailers. The company group is ready to launch the new technology in markets outside Hungary.

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