Mobile Payments Platform from ISTS Worldwide

ISTS Worldwide has announced that it has developed a comprehensive platform for mobile payment application development. According to the company, "the platform is capable of supporting virtually any kind of mobile payments application, practically independent of mobile service provider and supporting most of the mobile devices in the market. It puts together the infrastructure needed to rapidly develop mobile payment applications."

Mobile payment service providers can derive significant reduction in development costs, time to market and an optimum cost of ownership.

The platform comes with both flavors; Linux/Java and Microsoft .Net and supports sending and receiving payment through SMS, client side applications and WAP based system.

Key features:
- Supports person to person payment using centralized money repository system.
- Supports closed loop mobile payment involving traditional payment system providers like banks and financial institutes.
- In built infrastructure for rapid mobile application development, WAP site development and transport layer security.
- Provides default, customizable, template based mobile applications; tested and ported over popular mobile phones available in the market. Templates are available in vanilla as well as in rich formats to support various mobile phones from lower memory footprint range to high-end phones.
- Apart from popular J2ME based applications, templates are also available for Windows based smart phones (.Net compact framework) and Brew 3.0 devices, enhancing the acceptance.
- Highly configurable, modularized system. Fully XML based configuration.
- Inbuilt health checking and monitoring services.

Vivek Awasthi, CTO of ISTS Worldwide commented: "Mobile phones are poised to be the next generation payment devices, owing to their dense penetration. ISTS' Mobile Payments platform is a reflection of our constant endeavor to provide futuristic technologies and solutions in payments and retailing market space. Being focused on these two market segments, we provide a unique blend of technology skills and domain expertise and that clearly reflects in our mobile payments platform."