SCCP Group teams up with Thailand’s Bank of Ayudhya for mobile payment

SCCP Payment Services Holdings (SCCP), the global innovator of secured payment technologies based in Singapore has established a partnership with Thailand’s leading consumer finance bank, Bank of Ayudhya (BAY), enabling end-to-end secure mobile point of sales (mPOS) solution namely Swiff for the bank’s existing and new retail customers.

According the statement from SCCP, Swiff is the world’s first complete live implementation of an end-to-end secure mPOS solution which is embedded with a Multi-Factor Authentication application. This application has the ability to track the mobile device, the staff who authorised the transaction and identify the location where the payment was transacted for preventing fraudulent transactions.

Executive Vice President of SCCP, Erik Holst-Roness said that Swiff can be integrated with any acquiring bank and allowing the bank to provide their retail merchants with mPOS rapidly which is more flexible and lower cost.

“We’re ready to empower banks worldwide with technologies that enable truly secure mobile strategies, allowing them to stay competitive in the m-commerce revolution and take back market share from aggregators in that market,” said Jerome Cle, CEO and Founder of SCCP.

by Terry Brown