Global M-Payment Consortium Introduces CodeOne: a Revolutionary Global Mobile Payment Platform Solution

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CodeOne is a robust, highly secure, flexible, patent pending proprietary solution architecture for worldwide mobile payment platform that is built entirely on a standards-based interface and off the shelf hardware components, allowing to maximize interoperability with other network elements and reduce overall cost of ownership for the service providers in the finance and banking segment. It is ready to deploy and capable of processing the flow of credit card like sales transactions, potentially taping into more than 3.8 billion point-of-sale directly from already capable world GSM cell phones.

CodeOne is a unique platform that is able to capture, format, and to interface GSM mobile phone payment transactions with acquirers' credit card companies and banks. Helping these companies to differentiate and generate new revenue from mobile payment services

Global M-Payment Consortium introduces CodeOne: a totally revolutionary global mobile payment solution platform. Global M-Payment Consortium provides huge opportunities to thousands of people through the benefit from the combined resources of its members. Global Mobile Payment Consortium (GMPC), an established US and Brazilian-based company with local partners, sales offices and centers of excellence in several countries, and a global support infrastructure, CodeOne supporters and associated members are capable of providing full range of professional services through a highly motivated worldwide professional network of people.

The familiar handset found in today's cell phones, have been joined by an array of multi-function devices - (computers and personal digital assistants) - and the distinctions among them are beginning to blur. What is clear is that within this competitive market, mobile payment and mobile banking are key component of the acquirer's credit card service mix. To stay in the game, delivery of reliable and cost-effective service is critical.

CodeOne global mobile payment service began as a component base of the Global System Mobile Communications (GSM), the European standard for digital service. With the strong trend indicating successful market strategy, accordingly to many worldwide market researches in the industry, the ability for mobile payments has been quickly defined as a must have solution in the financial industry; capitalizing on more than 3.8 billion cell phone in the globe, with about 80% of this worldwide handset foot print of phone been GSM and JAVA enable terminals. Applications of mobile payment will increasingly be offered by credit card companies and banks through download or use of mobile web, as a complement to existing messaging services (SMS); this will be the mobile payment and mobile banking key for banks to attract and retain customers.

"The mobile phone is the device that most people do not leave their homes without. And mobile banking is an addition to the wide range of applications and services they can access via cell phone to make life easier, especially through when using CodeOne", said Mr. Ivan Silva, GMPC's president. "CodeOne is a unique platform that is able to capture, format, and to interface GSM mobile phone payment transactions with acquirers' credit card companies and banks. Helping these companies to differentiate and generate new revenue from mobile payment services", added Mr. Silva.

CodeOne Mobile Payment Platform can be configured to allow total compatibility with current acquirer's Point-of-Sales (POS) network. And has highly secure, proven platform and PCI compliance ready Client/Server architecture. For acquirers it is important that a mobile payment solution to be fully compatible with current transaction confirmation and authorization flow, which CodeOne is.; its primary design was to ensure this was accomplished. CodeOne provides huge foot print coverage, since it is compatible with all GSM mobile phones and all mobile telecom operators, allowing high connectivity (WEB, POS, mobile phone) - and extreme low dependence on SMS, GPRS, or USSD.

CodeOne is a simple, secure, easy to use tool both for clients and merchants, and allows high mobility, speed, at a very low operational cost; resulting in the conversion of new points of sale and market segments. CodeOne is designed with portability and multi-functionality transactions (credit, debit and employee's benefits) in mind, so acquirers and issuers do not need to ask customers to download multiples application in their cell phones. The CodeOne Application Server is scalable in performance and pricing. It supports multiple technologies concurrently, and is easy to deploy, operate and administer.

A small J2ME based client application is installed at the merchant's cell phone. This application can be downloading into the merchant's cell phone via GRPS by directly enter a URL at the address bar, or by following a text message link provided by the acquirer or issuer. As the USSD protocol definition for this industry segment matures, CodeOne product roadmap presents an opportunity to directly distribution of this client application software by this kind of distribution server menu process based.

The CodeOne Application Server manages all network interactions and provides sophisticated delivery mechanisms to ensure reliable connectivity of all transactions to acquirer's system. It supports performance monitoring and full billing capabilities. The proprietary and highly optimized JAVA Application Client Interface along with the industry standard Short Message Service (SMS) from wireless operators, or GRPS cell phone public network facilitates prototyping and deployment of value added services.

CodeOne is NFC ready since all necessary infra-structure and application solutions are easily interfaced with NFC hardware and software infra-structure using one API to interface CodeOne protocol when NFC equipment is available in large scale in the market. CodeOne can, for example, use the cell phone screen to generate CodeOne in the Bar Code or 2D Code. The picture of the Bar Code could then be scanned at the point-of-sales using existing bar code scan equipment largely utilized in the retail business today.

About Global M-Payment Consortium
The Global M-Payment Consortium is a powerful force for the advancement of the next generation mobile payment platform lead by the worldwide mobile payment business and scientist Mr. Ivan Silva. Mr. Silva holds several US and International patents; IEEE member and Bell Labs Alumni, received the Excellence in Engineering and Innovation from Schlumberger, and the State of Sao Paulo Governor Award for innovation and technology development. Besides strong technical background and being a scientist Mr. Silva owns or controls a number of companies in the United States and Brazil. For more information please visit CodeOne's web page and see the online demo at http://www.m-codeone.com.

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Kimberley Sefferson
GMPC
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