CashFlows, today announces the launch of its Mobile Money Box, an e-payment service for Mobile Network operators.
The Mobile Money Box is a white-label solution that Mobile Operators can quickly deploy to support all their e-payments and e-money activities including contactless payments and an increasing range of payment apps, powered and operated on their behalf by CashFlows.
CashFlows' Mobile Money Box follows the launch of the CashFlows Account earlier this month. The CashFlows Account provides businesses with a single account into which all their e-payments are received and managed, removing the need for separate payments and business bank accounts. The Mobile Money Box allows mobile operators to monetise their service offerings quickly and easily by outsourcing the regulatory and payment scheme management to CashFlows whilst managing and delivering a wide range of payment services, operated under their own brand, directly to their customers.
CashFlows Mobile Money Box incorporates a full range of payment services including online and mobile payment acceptance, e-invoicing, payment card issuance, physical or virtual Visa or MasterCard programs, with NFC contactless payment and VoicePay, our award winning voice biometric authentication and anti fraud solution. Consumer and business customer services are all managed through the Money Box which includes integrated online management systems.
Nick Ogden, CEO CashFlows, commented: "Mobile payments are being talked about all of the time, but we feel that the opportunities that mobile payments present are still held back by difficulties in developing the necessary alliances between mobile operators and the incumbent financial service organisations. As a regulated financial services business, with full membership of the card schemes, we can offer all the financial services the mobile operators requires, as an independent and market neutral partner.
"Using the Mobile Money Box, mobile operators can move very quickly into the marketplace, with a full range of services. This leaves them with the time to focus on their customers, the ability to rapidly grow new revenue streams with minimum investment, all operated under the brand name of that they choose, with all of the regulatory requirements managed for them."