Accumulate rolls out cloud-based card payment solution

‘Card in the cloud’ solution

Accumulate Card Overlay, a new ‘card in the cloud’ solution, enables issuers such as banks and credit card companies to add mobile payments as an option to their existing card payments offering (view press release). The new solution integrates with and operates off existing credit card network systems, including the infrastructure for clearing and settlement such as POS machines and cash register systems. Accumulate claims the solution is more secure than POS and online card purchases as sensitive data is never transmitted during a transaction or stored on the mobile device. Due to no data being transmitted, the solution can be used with various technologies including One Time Ticket (OTT), NFC stickers and integrated devices, and QR and bar codes. The solution is compatible with handsets including Android, Blackberry, iPhone, Java, Windows Mobile and Windows Phone.

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