PREPAID SHOPPING CARDS
With high retail spending levels, increased use of “cash-alternative” products, and
the increasingly high use of mobile phones for services beyond voice and data,
there is a need to introduce a more convenient, safe and cost effective way to do
retail shopping using the mobile channel. C-SAM provides Banks and Mobile
Operators with an opportunity to wirelessly and securely distribute virtual Prepaid
Shopping Cards, helping them increase differentiation, transactional revenue, and
providing a value added service for their Customers or Subscribers.
C-SAM Inc. has developed a unique and patented Secure Wireless Application
Platform (SWAP) to distribute prepaid shopping cards over-the-air, facilitating
cash-less transactions. It enables customers and merchants to procure an
authorization for a transaction in real-time. It also helps the Banks and Operators
to trace customer usage patterns. C-SAM offers Banks/Operators a complete
turnkey solution, which includes product, system integration, training and
maintenance support. C-SAM can host the entire solution for the Bank/Operator,
or alternately set it up in their domain.
Both the customer and merchant will need to first register at the Wallet Service
Center (WSC) website and get a Unique Identification number (UID - which
could also be their mobile phone numbers) and PIN for all future transactions.
Customers can securely store credit/debit/stored value card details at the WSC
to facilitate the settlement process. Merchants will need C-SAM’s merchant-
client application (Merchant Wallet or MW) to facilitate transactions for
customers with a prepaid shopping card.
• Customer makes the purchase at the merchant location
• Merchant sends customer’s unique prepaid shopping card number and the
amount to be debited, to the WSC throug