Accumulate and Borica – Bankservice launch mobile payment services in Bulgaria

Accumulate Card Overlay

Accumulate and Borica – Bankservice (BO-BS) are entering an agreement to provide mobile payment services to the Bulgarian market (view press release). Incorporating Accumulate’s Card Overlay solution, the partnership will provide mobile payment services initially including transaction history, balance and a card switch on/off followed by mobile payment at POS. Accumulate Card Overlay is a ‘card in the cloud’ solution designed for issuers such as banks and credit card companies, enabling them to add mobile payments as an option to their existing card payments. The solution comprises of a mobile payment system which sits on top of a credit card network system and requires little alteration to the existing structure.

Mobile financial services that BO-BS will be able to offer customers from the partnership include mobile payment covering all payment situations (POS, online, man-to-machine, remittance), secure card services (switch on/off card, 3-D secure, one time cards), mobile banking, mobile security (secure login, digital signature, mobile eID) and other services such as ticketing, loyalty, gift cards, and purchase links/codes.

The services will be available for all major mobile platforms including Android, Blackberry, iPhone, Java and Windows.

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