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Alcatel-Lucent and Clear2Pay form contactless payment alliance

Posted on: Wed, 18 Nov 2009 13:10:00 EST

Symbols: ALU

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Nov 18, 2009 (Datamonitor via COMTEX) --
ALU | Quote | Chart | News | PowerRating -- Alcatel-Lucent venture touchatag and Clear2Pay, a worldwide payment solutions provider, have announced a partnership to create a mobile payment framework for mobile operators.

Under the alliance, Clear2Pay and touchatag have created a payment and stored value account (SVA) solution to allow merchants to enjoy fast point-of-sale transactions, collection and redemption of loyalty points, issuance of gift cards, delivery of electronic store receipts, interactive advertising and promotions as well as enhanced customer relationship management analytics.

The partnership will initially focus on delivering proximity/contactless payment using RFID stickers and tags and evolve to NFC enabled mobile phones. It plans to expand the platform to deliver remittance payments, person to person payments and SMS ticketing. The touchatag venture will market the solution to mobile operators and provide identity management and contactless application management via its Application Correlation Server and also operate Clear2Pay's SVA server for micro-payments.

Anthony Belpaire, general manager of the touchatag venture, said: "People want to use their phones to pay for everyday items. Clear2Pay's knowledge of the financial world and touchatag's experience in mobile networking are combined to allow people to use their phones for a wide variety of payments options. In linking Clear2Pay's global payment gateway with touchatag's identification management services, we have an end-to-end solution for mobile operators."

In June, Belgacom's mobile and micro payments brand PingPing and touchatag set up a partnership to create an open model to develop new applications for contactless cards and mobile payment technology.

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