VeriFone and SK C&C are partnering on digital wallet services, acceptance solutions and mobile commerce. The two companies are currently in deployment activity with several large mobile network operators (MNOs).

SKC&C has adopted VeriFone’s OpenAPI common interface standards that govern communication between a mobile wallet and a merchant’s acceptance device. The OpenAPI standards ensure that value-added wallet data such as offers, coupons and loyalty, are universally accepted and flow seamlessly through merchant systems without disruption of traditional transactions. “MNOs are eager to deploy an end-to-end wallet solution, but need standardised interfaces and technology platforms to manage the complexity of advanced value-added mobile wallet applications for both consumers and merchants,” says Paul Rasori, senior vice president of marketing at VeriFone. “Our payment solutions and services are widely adopted globally and, combined with our PAYmedia Mobile Marketing Platform, provide a management solution for SK C&C’s wallet infrastructure.”

The current deployment projects involve a peer-mode interface to enable an active dialogue between a mobile wallet and the merchant’s payment acceptance device. “With our mobile technology expertise, SK C&C has delivered innovative mobile commerce solutions to leading global MNOs, merchants, and platform companies. Our partnership with VeriFone will enable MNOs to rapidly and easily deploy their mobile commerce services in the market,” says Kim Min Seok, vice president at SK C&C’s m-commerce division.

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