Mobile Payment - one solution for ALL payment situations

Accumulate’s mobile payment service is a complete 360 degree solution that supports all types of payment situations:

  • Point of Sale (POS) - using One Time Ticket (OTT), NFC stickers or NFC integrated devices for enabled NFC POS terminals. QR and bar codes can also be used to transfer the OTT for direct cashier integration.
  • Person-to-person money transfers
  • Remittance
  • Online payments
  • Man-to-machine payment - vending machines, parking meters, electric charging poles, etc.
  • Payment information services - get info direct on the mobile, balance, transaction history, receipts of purchases, etc.
  • Other services - ticketing, purchase codes, loyalty cards/points, etc.

The complete coverage of payment situations is not the only unique feature with Accumulate’s solution. By increasing security through the patented processes, Accumulate provide services that are more secure than todays mobile payment solutions and the current credit card scheme.

NFC (Near Field Communication) is most certainly going to be the future carrier of payments. However, large scale deployment of NFC payments is today restricted by few merchants equipped with NFC terminals and the low availability of NFC phones.

 

 

Accumulate’s solution has support for active and passive NFC but transactions can also be authenticated using One-time-tickets (OTT), a method invented by Accumulate.

OTT method enables online purchases as well as point of sale purchases when neither the merchant nor the end user posses a NFC compatible device.

Consequently, Accumulate’s mobile payments can be implemented in today’s point of sale- and mobile phone infrastructure while being future proof once NFC has reached a critical mass on both sides of the value chain.
Stockholm office: Accumulate AB - Lästmakargatan 20, 111 44 Stockholm, Sweden