NEC launches elec­tronic money so­lu­tion

The Pak Banker - - 6BUSINESS -

NEC Cor­po­ra­tion is pro­vid­ing a com­plete pre­paid elec­tronic money (e-money) sys­tem that in­cludes sys­tem servers, me­dia (cards, smart­phones, etc.) and pay­ment ter­mi­nals. Start­ing to­day, NEC’s “In­te­grated Elec­tronic Money So­lu­tion” is avail­able both in­side and out­side of Ja­pan. This new so­lu­tion con­sists of three pri­mary el­e­ments: “E-money servers” that man­age pre­paid e-money is­su­ing, trans­ac­tions, bal­ances, user ac­counts, set­tle­ment, etc. “E-money me­dia,” in­clud­ing cards, mo­bile phones and smart­phone ap­pli­ca­tions for when users make pay­ments “E-money pay­ment ter­mi­nals” for stores to read in­for­ma­tion from e-money me­dia. E-money servers al­low NEC to pro­vide th­ese func­tions as a cloud ser­vice, which en­ables the sys­tem to be quickly im­ple­mented and main­tained at a low cost. NEC is an e-money pioneer with ad­vanced tech­nolo­gies that in­clude plat­forms, cloud com­put­ing and smart­phones.

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