IT Holdings Group’s TIS Inc. announced the IT service provider partnered with SimplyTapp, an US-based provider of mobile payments infrastructure, and PromptNow, a Thai-based mobile application developer, to provide mobile payment solution in APAC area.
TIS has had hand in systems supporting the infrastructure of wide range of industries including finance, manufacturing, distribution, the public sector and communications since its inception in 1971.
With this collaboration between 3 companies, they aim to provide payment card issuers such as financial institutions, credit card companies, and airline companies within APAC area with mobile payment solution utilizing “HCE (Host Card Emulation)” which is a new technology of NFC (Near Field Communication).
HCE technology enables mobile applications/smart phones to offer payment card and access card solutions without secure element hardware, just like transaction of credit card. One of the most attractive features is to be able to implement HCE with lower cost.
The mobile payment solution will be established by leveraging each company’s ability, which are HCE technology powered by SimplyTapp, implementation technology in mobile by PromptNow and data center and cloud technology by TIS.
This solution will ensure safety for users when they change their device or lost them, and also deliver flexibility and cost effectiveness to card issuers who introduce the and non-contact payment service.
The 3 companies is aiming to expand mobile payment industry in Japan as well as APAC area by co-marketing activities.
(Source: TIS Inc.)