Infonox, PayMate Partner on Mobile Payments for US Market

The initial multi-application set includes mobile/cellular phone versions of transactional services like bill payment, money transfer (cross border), and POS payments at merchant locations. Subsequent products to be offered on the mobile channel will include not only Transactional Services but a variety of Business Services and Systems Management Services that are already offered by Infonox today.

Through its PCI/SAS70 compliant data-centers Infonox has already certified interfaces into processors of ATM, POS Debit, Credit Cards, Checks, Money Transfer, Bill Payment, Prepaid Cards, Gift Cards, and other transactions. So far, Infonox had targeted ATMs, Hybrid Kiosks, PC workstations and POS terminals as the end-points for delivering provider branded financial services. With the addition of a mobile channel to its platform, the reach of the Infonox platform will grow even more. Today, besides being the dominant platform used to deliver financial services in Casinos, there are major banks/acquirers, merchant processors, ISOs, financial service aggregators and deployers who access the Infonox platform for delivering their own branded products services. The availability of a mobile channel to them, from the Infonox platform, will help these businesses derive new revenue and ensure better service for their customers.

"We are very pleased to enter the world of mobile-commerce. There are at least 10M consumers who have touched our platform to access financial services in the last 3 months -- and we estimate that all of them had cell phones. With PayMate as our partner, we are now ready to offer them very compelling Transactional, Business and System Management Services," said Safwan Shah, President of Infonox.

"We are very excited about the synergies with Infonox. Paymate with its experience and skills in developing mobile payment applications along with Infonox's transaction processing abilities and relationships in the US will make this a very compelling proposition," said Ajay Adiseshann, MD and Founder, PayMate.