Allied with Busan Bank and Lotte PS Net, services of mobile debit payment and smart ATM open in “SUM Bank App”For the customers of “SUM Bank App”, Offering Smart Integrated Payment ServiceOpen User Centric Smart Cash Withdrawal Service
via NFC at the ATMs of Busan bank and Lotte ATM first in the world
HarexInfotech Inc., co-working with BNK (Busan Bank) and Lotte PS Net (Lotte ATM), opens bank direct debit payment (banking app base) &User Centric Smart Cash Withdrawal (NFC base) services on November 21st.
According to the Harex InfoTech., SUM Bank app equipped with both UBpay mobile payment module, “User Centric Mobile Payment System” and Smart Cash Withdrawal module offers the convenient debit payment service which can be used in all the merchants, on/off line affiliated with UBpay by only PIN and the smart cash withdrawal service in 6,000 Busan bank ATM &Lotte ATM nationwide. All the users of SUM Bank app don’t need to download UBpay app separately to use the services at the above.
Major characters of the SUM bank app with User Centric Service is as follows: When the payment or cash withdrawal service are made, customer’s valuable financial information such as account no. and PIN is never passed to merchant and ATM, and is never stored even in UBpay (service alliance) server so it can perfectly block to any possible leakage of customer’s financial information and can also effectively enhance the customer service by smart integrated payment system (payment, membership, D/C coupon all in one step service).
In contrast to the conventional ATM cash withdrawal service with NFC either firstly inputting random numbers generated inside of smartphone into the ATM or transferringcard information by NFC touch in order to withdraw cash, Smart ATM service of SUM bank (User Centric Smart ATM Service) offers customer to make pre-cash withdrawal reservation (withdrawal amount, type of note, etc.) with its smartphone anywhere and to touch its smartphone to the ATM for the cash out. It is entirely differentiated from the conventional cash withdrawal service.
Moreover, in case of user centric smart ATM, all the functions of CD/ATM monitor are absolutely replaced by customer’s smartphone so that it will not only lead the drastic reduction of ATM manufacturing cost but will be able to expand the ATM setting to the area where it hasn’t been due to the cost-benefit issue.
Harex InfoTech Inc., the pioneer of Fintech, announced first mobile card payment system in the world at Silicon Valley, on April of 2000 and holds most critical patents applying to almost whole steps of mobile payment like issuing mobile card and its management, user centric payment system, multi-factor authentication system combining with PIN and biometrics.Harex InfoTech currently supplies the customized services to its alliance partners such as financial institutions, merchants, social-medias and service providers with sharing Harex InfoTech’s own platform of user centric easy and smart integrated payment, smart ATM and easy remittance. The company is now under the expansion of sharing marketing service that brings ‘Win-Win Model” to the consumers, merchant, financial institutions, and all the rest of alliance partners.
