WiCash
WiCash
:: Why Cash?? :: Wireless Cash!!
WiCash is a mobile payment
solution. It is an mCommerce solution that would enable
every mobile phone to become a payment mechanism. It
is a mobile payment solution that will work now -
- in today’s generation of phones
- With today’s maximum available security
- Without any additions to the phones.
- Providing strong security, hacker safe
- Easy to use, mimimum set-up required
WiCash is an SMS based
method of payment and requires not more than 3 SMS by
Customer for a payment. It is solution made for banks,
with assistance from mobile network operator. WiCash provides
for an immediate debit from payer’s account to a
credit into payee’s account. Ideal if both accounts
are in the same bank
It is completely secure. In fact the backbone of WiCash
is a patent pending security solution.
WiCoRe Labs is currently in talks with leading financial
institutions and banks and is preparing for a pilot project
to enable mCommerce for a select group of people
Apart from enabling mCommerce, WiCash also assists banks
by facilitating
SMS 'pull' services
(requested by the customer)
- Check account balances
- Mini statement: view last 5 transactions
- Transfer funds
- Help
- Provides codes for the various types of transactions
SMS 'pushed' alerts
(sent by the financial services institution)
- Approaching overdraft limit alert
- Cleared funds alert
- Credit Card usage alert
For further details
on WiCash, please contact bipin@wicore.com
Click here to find out
how you or your company can use this.
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