Automated transaction systems provider JCM Global and Techfirm, a developer of contactless mobile phone applications, are teaming up to develop a mobile payments solution for bill validators.
The partners have signed a memorandum of understanding to jointly develop a system that will enable consumers to use their mobile phones to make contactless purchases at automated transaction centers that use bill validators to accept both currency and mobile e-money.
According to the partners, the technology could be used for payments in a wide range of JCM applications, from slot machines to kiosks to parking self-pay terminals.
JCM Global President Aki Isoi comments: “Given the extensive research and announced plans from major developers, it is clear the mobile e-money technology market will grow rapidly as Android CS technology expands and becomes more available. Use of mobile phones as digital wallets is spreading rapidly, and we have every reason to believe this trend will continue to grow globally.”