Brokat Technologies has partnered with Fujitsu Philippines (FPI) to integrate and implement a Multi-Channel Payment Gateway (MCPG) project for BancNet, the Philippines' largest ATM (automated teller machine) consortium.
Using BancNet's existing ATM/POS switch and network security infrastructure, Brokat and FPI will install the gateway to provide BancNet with the ability to consolidate and act as a one-stop payment gateway for financial transactions via the Internet or the mobile phone.
Under the Multi-Channel Payment Gateway project, BancNet can authorise, process and manage debt and credit card transactions online in real-time and in a secured environment.
According to Joan Yap, managing director for Brokat Asia, the German-based vendor has secured similar partnerships with Vodafone to provide a mobile payment solution for over 85 million subscribers worldwide and with T-motion to provide a pan-European mobile payment service.