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Business Challenge
Our customer identified the need for a semi-automated clearing center to perform
payments for a variety of services using mobile phones. The system is integrated
with conventional banks. The system is positioned for the Caribbean area, where
the following factors created the need for the solution.
Our customer outsourced to us the M-Commerce solution implementation. Axmor Software
has a dedicated Mobile Solutions department with proven experience in delivering
custom solutions for mobile devices (PDA, mobile phones, and smart phones). In addition,
Axmor has successful experience in delivering E-Commerce shops, shopping malls and
portals.
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Problem |
Impacts and Affects |
Successful solution |
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Difficult to obtain a credit card for the average person.
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Individuals can't conveniently perform transactions without cash.
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System that allows performing cashless transactions using a mobile phone and a bank
account.
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Many businesses can’t operate late at night due to persistent robberies.
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Most people are unable to get service at night from gas stations and stores.
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Cashless transactions reduce the chance of robbery. Consequently, people are able
to get service at any time and businesses now function at night.
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Individuals may want to pay each other quickly, but are unable to do so without
cash or a bank transaction.
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People may not want to accept checks and fear that counterfeit notes are circulating.
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Development of a system that allows individuals to make transactions using mobile
phones and their bank accounts
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Software Solution
Axmor J2ME developers delivered a mobile transactions
processing center, referred to as a Clearing Center.
Consumers and merchants alike maintain their virtual accounts at the Clearing Center.
Mobile transactions are performed within these virtual accounts and stored at the
Clearing Center. A virtual balance is used to check customers’ creditworthiness.
Deposits and withdrawals are made with a virtual account, just as with a conventional
bank account.
There is a special terminal (PC connected to the Internet) in every mobile operator
payment center connected to the Clearing Center that is used to perform customer
deposits.
The Clearing Center consists of three main modules:
- A virtual bank that holds all virtual accounts and mobile transactions.
- A mobile operator integration subsystem that is used to transfer data to and from
mobile terminals (cell phones). The Clearing Center has separate modules for each
mobile operator.
- A payment processing integration subsystem that is used to transfer money from clients'
virtual accounts backed by Clearing Center accounts to their conventional bank accounts.
The Clearing Center may work with one or more payment processing centers. Each payment
processing center must provide secure interface to manage Clearing Center accounts.
- All terminals (mobile operator and Merchant terminals) are connected to the Clearing
Center server via the Internet using secure protocols.
Clearing Center clerk workstations are connected to the Clearing Center server through
LAN to guarantee a high security level for client transactions.
Virtual accounts are backed by bank accounts called Clearing Center accounts in
one or more banks. When a Merchant wants to withdraw money, then a corresponding
virtual transaction is processed and money is transferred from the Clearing Center
account to the merchant’s conventional bank account using the payment processing
center. There is also an alarm system in the Clearing Center that sends notification
when a Clearing Center account balance becomes low.
Back >>
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BRIEF:
Clearing Center developed as a J2ME application represents
a highly convenient and secure way for making virtual financial transactions to
banks via the integrated mobile subsystem.
BENEFITS:
- Clients, merchants and banks received a much demanded service offering;
- Clearing Center is a highly secure M-commerce solution;
- The system is capable to serve client requests 24 hours a day, 7 days a week;
- The solution can serve a rapidly growing number of customers: from 10.000 initially
up to 50.000 and more.
TECHNOLOGIES:
- WAP 1.2.1
- WIM
- Nokia Wallet
- SIM Toolkit Application interface
- J2ME
- Web access (HTTPS of Java applet)
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