Mobileware’s comprehensive Mobile Payments Platform allows:

  • Bankers to derive the business benefits provided by mobile technology
  • Provide consumers the convenience & user experience of secured mobile banking 24/7

The Mobile Banking Platform provides banks a Mobile Banking app to upload to app store which can be downloaded on the consumers’ mobile smartphones. On sign up, allows secured account access via dual authentication with OTP generation mechanism.

Mobile Banking Platform

The platform provides a wide range of banking services and transforms a mobile device into a ubiquitous

m-banking platform. The bank can enable their customers to access their accounts and manage banking transactions such as Balance Enquiry, Funds Transfer, IMPS, Last 5 Transactions, Bill Pay and Stop Check.

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Business Benefits for Bank

  • Multi-OS Integrated Mobile Banking Solution
  • Platform integration reduces time to market
  • Integrates with existing CBS & online banking
  • Increases customer connect & brand appeal
  • No new infrastructure requirements
  • Lowers channel marketing & operating costs
  • Self help app reduces strain on branch banking
  • Creates a new source for ad revenue stream

Architecture Design

Mobile banking Application has been designed and developed using our proprietary App Studio – Mobile application development platform. Pre built modular components allow rapid customization for the bank’s mobile banking requirements.  The Mobile Banking application is customized to work across platforms. The Platform integrates with the Bank’s existing infrastructure, core banking system (CBS) and the database. All RBI/ NPCI mandated regulatory requirements are managed in the Security Layer.

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Key Features

  • Balance Enquiry
  • NEFT Funds Transfer
  • IMPS Funds Transfer
  • Last 5 Transactions
  • Mini-Statement
  • Cheque Book Requests
  • Bill  Desk

Security Features

  • OWASP – M1 – M10 compliant
  • First Factor Authentication – mPIN
  • Second Factor Authentication (TPIN/ Dynamic OTP/ other bank suggested )
  • Login Credentials verifications using RBI mandated HSM
  • IMEI Verification – storing and retrieval for verification
  • Transaction Verification based on HSM
  • Encrypted device to server communication
  • HTTPS secured Transport & communication layer
  • mPIN storage & HSM integration using hash(SHA2) & 3DES/AES encryption
  • Transaction Limit & Velocity check ( bank configurable)

Value Proposition

  • Highly scalable to add on Micro ATM, Bank Agent Applications
  • Integration with a biometric device to ensure account holder identity & authentication
  • Bluetooth printer to print instant transaction receipts in a mobile Micro ATM –  financial inclusion solution.
  • IMPS payments are instant 24/7 and with added instant notification alerts on transaction success/ failure to the end users
  • Screen account no.’s and sensitive data via MMID + MPIN to provide security
  • Solution can be extended from P-2-P to M-2-M payments at POS terminals and used to facilitate merchant payments with minimal hardware/ infrastructure