Simage Technologies launches converged payments and ID platform to meet requirements of multiple market segments

Simage Technologies launches a 'converged' platform for payments and ID. The platform can be used for mobile payments, contactless payments and contact based payments. This gives a high level of flexibility to the service providers as multiple devices can be issued to the end-users depending on the targeted segments and allows for better service penetration in the market. It enables the service providers to introduce new services and offer a dynamic service portfolio.

The platform supports multi-factor authentication and the use of biometrics in end-user and transaction verification. These advanced security mechanisms create a highly secure environment to host a wide array of ID based applications and services. The device-agnostic approach enables the platform to work with multiple devices (contact/contactless/dual-interface cards, contactless tokens and NFC Stickers etc) which can support single or multiple applications.

The platform is a comprehensive tool for the service providers to define their system functionality, scalability, level of security and performance. Multiple biometrics verification like fingerprint scan, facial recognition, iris scan and vein scan can be easily incorporated depending on the service provider requirements.

Being highly scalable, the platform can address from SME projects to very large scale nation-wide projects (national ID, voter ID, national payment system etc). The centralized management allows for better reporting on end-user trends across multiple market segments, enabling the service providers to improve their service offerings and customer satisfaction, as well as streamline their processes and operations.

The platform can be employed effectively to address multi market segments like financial services, transport and public sector. This saves the service providers time, efforts and resources on interoperability challenges of multiple platforms and allows them to focus on their core services.

"The platform allows easy integration to the various players in the payments and ID ecosystem eg. Banks, government departments, transport service providers etc and brings great value as a converged system," said Tariq Mohammed, Managing Director of Simage Technologies. "We aim to address a growing need, particularly in the emerging markets, for secure and easy to deploy system for multiple segments service provisioning."

 
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