Our Technology
IntroductionThe Secure Mobile Banking Application has been designed to operate in unison with a UEPS smart card account using a J2ME client application thus ensuring that it can become ubiquitous across all mobile phones including GSM and CDMA. This new development eliminates the need to persuade mobile phone operators to migrate to larger memory SIMs in order to accommodate the Mobile/UEPS Application. This will result in a more cost effective and non-intrusive solution which should facilitate a much faster and aggressive deployment. Our solution therefore, with respect of this specific application, does not require the direct or indirect involvement or approval of the mobile network operators. This solution protects banks (from a business point of view) and their customers by allowing them direct banking solutions and thus effectively circumventing the mobile operators that wish to provide their own payment systems in order to own the bank’s customers. ------------------------------------------------------------------------------------------------------------- System Overview The new solution is being developed in line with Net1’s global strategy to facilitate mobile banking transactions efficiently and securely, utilizing a user selected PIN to perform mobile phone transactions and, our standard biometric fingerprint verification, using the UEPS smart card for drawing cash, depositing cash and performing other high value transactions. The system requires the installation, implementation and commissioning of a Net1 Mobile Platform which resides on a separate server to that of the UEPS System Host. This platform manages the communication, management, security, payment functions, etc. and will connect to a UEPS System Host to process the payment transactions. This server will basically facilitate all the mobile transactions through to the UEPS System Host as if it were a super POS device. The client application is a J2ME UEPS application that can be downloaded to any mobile phone (which supports JVM). ------------------------------------------------------------------------------------------------------------- Services offered a) The services available to the UEPS smart card holders using the phone are:
b) The services made available to the UEPS card holders using the smart card will comprise the current UEPS functionality and the following new facilities:
The security in respect of these transactions will remain the secure UEPS biometric fingerprint verification. |
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