Paydiant's cloud-based, white label mobile wallet and payment solution enables banks, retailers, and processors to deploy a branded contactless mobile wallet, mobile payment and cash access platform without involving new intermediaries, while preserving the opportunity to create new revenue streams from highly targeted mobile ads and offers.
Paydiant is the only mobile wallet and mobile payment platform that works with existing payment instruments including PIN debit, credit, signature debit, and prepaid cards, while providing consumers with a fast, intuitive, contactless mobile payment user experience for all the ways they make payments, including:
- Pay in store (multi-lane or countertop terminals)
- Pay online (ecommerce)
- Pay at the table (dining)
- Pay a bill (online or from a printed bill)
Paydiant's white label go to market strategy and the unique platform design address the branding, data ownership, time to market, and security issues that have prevented the promise of mobile payments from becoming reality.
Mobile wallet and mobile payments in your existing mobile app
Alternative mobile payment solutions require banks, retailers, and processors to deploy third party branded mobile wallets and platforms, inserting intermediaries into the payments process, diluting brand equity, and putting customer relationships – and data – at risk.
Paydiant provides a software developers kit (SDK) that enables retailers and banks to embed cloud-resident mobile wallet and contactless payment functionality into their own mobile apps, keeping your customers in your app – and thinking about your brand – all the way through checkout.
Works with today's smartphones and payment terminals – and tomorrow's
While other mobile payments solutions require consumers to buy new phones or that retailers invest in costly new payment terminals, Paydiant works with existing smartphones, point-of-sale systems, and payment terminals, including entry level countertop devices.
Paydiant provides an easy to implement application programming interface (API) that enables retailers, processors, and banks to enable payment terminals, POS systems, online shopping carts, ATMs and other systems to be ready to accept mobile contactless payments and cash access requests from Paydiant enabled mobile wallets.
With Paydiant, retailers and banks can begin signing up consumers today for mobile payments, while having the peace of mind of knowing that Paydiant works with today's technologies – including multiple smartphone operating systems and smartphone to POS interfaces like barcodes and NFC – and tomorrow's. The platform has been designed to easily accommodate new technologies as they emerge, reducing time to market and the cost of providing the latest functionality to your customers.
Best security – no credentials on the phone, none passed to the payment terminal
Paydiant believes that the advent of powerful smartphones, ubiquitous wireless networks, and the rise of the app store model represents an opportunity to re-think how payments work in-store and online, especially when it comes to security. Numerous studies show that one of consumers' greatest concerns about mobile payments is whether mobile payment solutions are secure.
While other approaches continue to emulate legacy magnetic stripe technology by storing sensitive payment card data on a user's phone, Paydiant keeps payment card numbers and other sensitive cardholder data securely stored in a PCI-compliant, SAS70 certified data center. With no payment card data on the phone or passed to the terminal, the opportunity for data theft and fraud is greatly reduced.
Customers and Deployments
The Paydiant platform is currently in production with a number of pilots including leading issuers, networks, acquirers, retailers, banks, and credit unions. If you are a retailer, bank, or processor and have interest in learning more about the Paydiant solution, please contact us.