Mobile payments

RFI: world experts in mobile payments

RFI is uniquely positioned to help you achieve your vision. We have class-leading expertise in three key areas:

• Wireless mobile communications (e.g. GSM, 3G, Bluetooth & NFC)
• Payment approvals services (e.g. ISO/ICAO, EMVCo and Visa)
• Security evaluations (e.g. Visa, EMVCo, Mastercard and PCICo)

RFI is the only independent company in the world that occupies the overlap between wireless communications, payment services and security evaluations.

What is mobile payment?

Mobile payment is a “cashless” payment method that uses a mobile phone to pay for services and goods. There are four primary models for mobile payment; SMS-based transactions, direct mobile billing, mobile web payments, and payment via near-field communications (NFC).
The NFC payment model is rapidly gathering momentum. It is arguably the most radical because it replaces your credit or debit card with an application embedded in your mobile phone. This creates a great opportunity to develop new and convenient services, but it also creates some real challenges as the worlds of payment and mobile telecommunications converge.
The payment and mobile telecoms sectors are regulated in different ways and have dissimilar business models which impact on service reliability, system security and customer loyalty. However, to gain user acceptance, mobile payments must be deemed 100% reliable, 100% secure and easy to use.

How can we help you achieve mobile payments?

Our combined challenge is to help align the two universes of the telecoms and payments sectors, to support mobile payment applications. These are exciting times, and whilst the issues are significant they are not insurmountable. If all parties can agree a common vision with joint objectives and a clear deployment strategy, then mobile payment will be very successful. RFI are positioned uniquely to work with all parties involved to make this happen, with our combined expertise in wireless mobile communications, payment approvals services and security evaluations.