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JCM Global and Techfirm Inc team to bring pay-by-mobile phone tech to bill validators
JCM Global and Techfirm Inc. have signed a memorandum of understanding that will bring the two companies together to develop a pay-by-mobile phone solution for bill validators.
The MOU brings together JCM Global, the world’s leading supplier of innovative automated transactions solutions for the banking, gaming and retail industries, and Techfirm, a leading solution developer for mobile phone applications based on contactless IC technology.
The companies will use their resources and experience to create a system whereby consumers will be able to use their mobile phones to pay for purchases at automated transaction centers that use bill validators to accept both currency and mobile e-money. The technology could be used in a wide range of JCM applications, from slot machines to kiosks to parking self-pay terminals.
Paying by mobile phone is common in many countries, such as Japan, where commuters frequently pay for train tickets using their mobile phones. The application uses contactless IC technology, commonly known as mobile e-money.
“This is an incredibly exciting field for JCM Global and Techfirm,” said JCM Global President Aki Isoi. “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. Consumers use of mobile phones as digital wallets is spreading rapidly, and we have every reason to believe this trend will continue to grow globally.”
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