Kingston, Jamaica and Louisville, KY, USA, October 5, 2011 – Jamaica-based transaction processing provider Advanced Integrated Systems and US-based mobile payments leader MOBIbucks, are set to roll out the first mobile money platform commencing with Jamaica, with plans to roll out in the Caribbean within the next twelve months. The platform allows users to carry out cashless transactions using their mobile phone number.
Called MOBIbucks, the new payment system is a patent-pending cashless and cardless solution that enables any consumer with any cell phone to have a mobile wallet, allowing them to make everyday purchases safely and securely, using only their phone number and PIN.
The MOBIbucks platform consolidated with AIS's proven strength in transaction processing and financial systems, creates an ideal opportunity for those seeking to enter the mobile money operations. Leveraging this robust platform which is interoperable with existing merchant and ABM infrastructure, mobile money operators will have access to an end to end banking, accounting, e- commerce, bill and loan payments and money transfer platform.
As Jamaica’s leading transaction processing provider, Advanced Integrated Systems handles payments for healthcare. medical claims, POS for banks, solutions for retail establishments and hotels, as well as other e-commerce businesses.
“We are always looking to integrate “best-of-breed” technologies to better address the needs of Jamaicans,” said Doug Halsall, OD, the CEO of Advanced Integrated Systems and the man who is credited with many technology “firsts” in Jamaica. “MOBIbucks is the perfect solution for Jamaica and the region. Unlike the U.S., where credit cards are the preferred method of payment, Jamaica is a cash society. MOBIbucks displaces cash and money transfer and gives users a mobile wallet. It will revolutionize the economic landscape for Caribbean consumers and facilitate transactions, making their lives easier.”
“The international momentum continues to build for MOBIbucks and the cashless, cardless alternative we bring to the mobile payments market,” said Jorge Fernandes, CEO of MOBIbucks. “We’re proud to partner with Advanced Integrated Systems, a leader in the development of the payments landscape in the region, to deliver a contemporary mobile payment platform that meets the needs of today’s and tomorrow’s consumers.”
Transforming the ubiquitous cellphone into a mobile wallet, MOBIbucks pioneered cardless and cashless purchases. Based on patent-pending technology, MOBIbucks is the only payment solution for making purchases using just a mobile phone number. The company’s mobile platform also includes a marketing and rewards solution that provides a merchandising tool to offer coupons, loyalty rewards, gift cards and online ordering.
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