The platform is capable of capturing, formatting, and interfacing GSM phone payment transactions with acquirers’ credit card companies and banks. With CodeOne, acquirers (acquiring banks) and issuers can provide new services using Samba38 Code server’s APIs detailed programming interfaces and gateways to voice mail systems, SMS and GPRS networks, and the Internet.
Code One is designed for multiple transactions, namely credit, debit and paycheck (benefit) cards, so acquirers and issuers do not need to ask customers to download and install multiple applications on their mobile phones. However, a small J2ME-based client application has to be downloaded and installed on the user’s phone. Users can make payments or transfer money between accounts of the same bank (Banco do Brasil, Banco Real, Santander, Bradesco, Unibanco and Itau), between accounts of different banks and between mobile networks (Claro, CTBC, Oi, Sercomtel, Telemig, TIM and Vivo).
CodeOne Mobile Payment Platform can be configured to allow total compatibility with the acquirers current Point-of-Sale (POS) network. The platform is compatible with all GSM mobile phones and all mobile operators, allowing high connectivity (web, POS, mobile phone) and low dependence on SMS, GPRS, or USSD.
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