The reconciliation module is responsible for maintaining the integrity of the financial data by comparing the data in the super-app system reports against the data in parallel system reports. This process helps identify any discrepancies between the two sets of data and allows the system to reconcile any gaps. Counters The transaction counters module, on …
Tag Archives: loyalty
04-Service
To maintain a dynamic design, a service module is built to complement the account concept, thinking about service as the same way we trade on a daily basis. Paying at a POS machine moves funds from our card account to the merchant’s linked bank account, while paying money to friends involves cash flowing from our …
03-Account
Building a super-app ecosystem begins with how system accounts are defined. While traditional customer and merchant account types are great, they do not reflect the true meaning of an integrated ecosystem. Therefore, it’s essential to change the account definition from rigid definitions to an adaptable model that emulates real-life scenarios. As humans, we have different …
Mobile Payment, and here comes loyalty!
Through our previous article Cash-In the passion fruit we explored how Cash-in can be a pain to any new mobile payment installation, and in the previous Saving the titanic article we explored some potential benefits for mobile payment. We will carry on here to explore hidden benefits and values in mobile payment, and why we …
Mobile Payment, Saving the Titanic!
Over long decades, billions of financial transactions took place every day varying from purchasing food, coffee, clothes, tools, digital products and up to online purchase. Those types of financial trades are not recently invented. No, actually it has started since those early days where people were trading goods with goods in a process called bartering, …
Mobile Payment; NFC, Why? and Why not?! [2 of 2]
In the previous article we went through the NFC and the need behind this technology, we have reached a conclusion that the data transmission technology is one of the major challenges vendors and wallet issuers are trying to surpass to allow Mobile payments to boom and start taking some of the payment cards share. NFC …
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Mobile Payment; NFC, Why? and Why not?! [1 of 2]
NFC is one of the hottest topics in payment, you will notice this hot topic wherever there is a discussion related to mobile payment and you will many arguments about NFC as the future while others confirms that NFC is a dead technology. In this article we will go through NFC and its related challenges, …
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Mobile Payment, Cash-In the passion fruit! [Part 2]
In the previous part , we went through the Cash-In process and it’s big impact on the mobile money service. Also discussed The payment logical filter, and proposed the first alternative to enhance your Cash-In process by offering a unique service that can’t be purchased using Credit cards or Cash, now I will carry …
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Mobile Payment, Cash-In the passion fruit! [Part 1]
Whenever a company start thinking to implement mobile payment solution or product, sales team starts to communicate and set deals with merchants and banks, marketing team start to work on how to make it sexier, should we start with NFC, digital codes or with cam recognition! It happens that technical, security and fraud team is …
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Mobile Payment, MNO VS Banks an endless dilemma
One of the most repeated questions when a mobile payment discussion starts, who will won at the end in this newly invented war Banks VS MNO -Mobile Network Operator-? On a very personal thoughts, I can’t see a link or even a symptom of war, both players are enriching the game and their targets are …
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