March of Mobile Money
by: Sam Pitroda
Mehul Desai
The explosive growth in e&mCommerce, along with the ever evolving capabilities of smart and feature phones, and emergence of proximity transaction mediums such as bar-codes and Near-Field-Communication or NFC, has led to the much awaited coming together of Telcos, Banks and Merchants; leveraging a common secure transaction infrastructure, enabling consumers to conduct personalized transactions – related to retail, finance, health, education and eventually governance - seamlessly in the virtual and real worlds…
…C-SAM was one of the first companies to articulate the above vision more than 12 years ago, build the necessary intellectual property, products and services, and emerge as a true though-leader in this rapidly evolving space, bringing back learning’s from the field to continuously enrich its platform and solutions. C-SAM is based out of the USA with offices in Japan and India, and partners in several other markets. The Company licenses technology and provides turn-key services to telcos, banks, settlement networks, service providers, health-care providers, and large infrastructure providers…
…C-SAM has 11 issued patents, 20 live services, and more than 25 live platform deployments across the USA, Japan, China, India, Singapore, Mexico, and Bolivia, all delivering secure mobile transaction services ranging from Mobile Banking, Money Transfer, Bill Payments, Ticketing, Coupons, Loyalty, Advertising, Parking…to Mobile Health – and the list continues to grow – enabling consumers to conduct transactions securely over the air with their trusted service providers, as well as in the real world leveraging various proximity technologies, enhancing their overall Convenience, Security and Flexibility...
…C-SAM’s platform and solutions enable providers to drive new revenue streams from end-users as well as the ecosystem of service providers, reduce costs of existing processes, acquire new users, and effectively drive significant usage based value on an ongoing basis...
…C-SAM’s 4th generation carrier-grade platform has evolved through extensive research and development over the last twelve years. The platform supports different handset environments and mobile carrier networks, as well as NFC and bar-codes based secure proximity transactions over mobile phones for payment as well as non-payment applications. C-SAM’s unique security architecture enables providers to configure different trust models, and effectively aggregate applications from disparate domains without adversely affecting their existing risk management practices.