CHICAGO--(BUSINESS WIRE)--C-SAM, a pioneer in secure mobile transaction technology, signed an agreement with Isis, the mobile commerce joint venture between AT&T Mobility, T-Mobile USA and Verizon Wireless, to license its wallet management platform and software development kit (SDK). The C-SAM platform will enable Isis to offer smartphone users a comprehensive mobile wallet for conducting secure near-field-communication (NFC) transactions related to payments, rewards, coupons, tickets, transit and other services.
“C-SAM’s vision has been to recreate a leather wallet metaphor on mobile phones,” said Sam Pitroda, Chairman and Founder of C-SAM. “We are excited about the agreement with Isis and confident that our mobile wallet will provide additional convenience, flexibility and security to Isis’ customers.”
C-SAM’s SDK enables service providers to build their own applications for NFC based proximity transactions as well as remote over-the-air services. Isis will use C-SAM’s SDK to rapidly build its open mobile commerce platform.
“We have incorporated learnings over the years from diverse markets and deployments to build a highly scalable mobile wallet management platform, supported by a comprehensive SDK,” said Felix Marx, CEO of C-SAM. “C-SAM’s platform and SDK will enable Isis and their partners to rapidly build a secure transaction ecosystem in the US. We believe Isis will usher in a new approach for service providers worldwide to build similar ecosystem based mobile payment and commerce networks for their respective markets.”
Isis, which announced its formation in November 2010, is focused on enabling mobile commerce on a nationwide basis. The company will launch its mobile commerce program in Salt Lake City, Utah and Austin, Texas in the first half of 2012. Isis will offer customers a highly secure and convenient way to pay, redeem coupons and store merchant loyalty cards, all with the tap of a phone.
“C-SAM’s platform provides coverage across various carrier networks, operating systems, and NFC handsets, ensuring Isis can rapidly scale,” said Michael Abbott, CEO of Isis. “Together with C-SAM, Isis will allow consumers to experience a new and secure way to shop, pay and save, all with the tap of their phone.”
C-SAM has over twenty five reference value added services bundled with its SDK, from mobile payments to coupons to ticketing to banking to parking to health, enabling service providers to rapidly build and deploy their own secure transaction widgets.
For additional information on this press announcement, please contact Doug Morgan at firstname.lastname@example.org
C-SAM, Inc. is a pioneer in secure mobile transactions technology offering a range of mobile phone based applications for financial as well as non-financial services. C-SAM is based out of the USA, with operations in Japan and India. The Company licenses technology and provides turnkey services to carriers, banks, merchants, settlement networks, healthcare providers, and large infrastructure providers. C-SAM has launched commercial services in the US, Japan, China, India, Singapore, and Mexico. C-SAM’s highly scalable mobile wallet management platform and comprehensive SDK bundled with over twenty-five reference services has evolved through extensive research and development over the last twelve years for which eleven patents have been issued and twenty applications are pending. The platform supports different handset environments and mobile carrier networks, as well as near-field-communication (NFC) based secure proximity transactions 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. For more information, visit http://www.c-sam.com.