Full details surrounding eCom’s MasterCard app for BlackBerry

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ecom_blackberry_payments

This is some really exciting news about a particular side of BlackBerry that I’ve found is a long time coming: credit card payments from your device.

Well it seems we’re very close to be able to make credit card fund transfers from the device. eCom have been working on a BlackBerry payment solution which they have been testing successfully over the past few weeks. Although several additional features will be added over time, the basic application can be described as follows:

  • Allows eCOM MasterCard Cardholder to register their card to their BlackBerry device via the ECOM website and after simple registration and acceptance of terms and conditions on the device itself, the ECOM icon shows on the menu screen of the Blackberry.
  • Safely and securely, via the RIM push technology and not text or email messaging, the ECOM application allows the transfer of funds from card to card using the card account number (not the actual card number), within minutes of completing the transaction, regardless of the global location of the sender or recipient. Initial login requires the CID (card identification number) of the cardholder for secure access.
  • The icon on the Blackberry changes colour from the default black to blue when funds have been received and sent. The icon on the BB of the recipient will change to the blue with a white arrow next to it pointing up denoting a receipt of funds. The icon of the senders BB will also turn blue and the arrow points down denoting the sending of funds (or having made a payment somewhere).
  • When the cursor of the BB is positioned over the ECOM icon on the BB, basic payment/receipt information is displayed. More detailed account information is displayed when the user clicks on the icon and enters their CID to access their account.

  • The recipient of any funds or payment does not require a BB. All account balances and transactions can be viewed online at the ECOM website after cardholder login.
  • The ECOM financial application is not telco centric and it therefore does not matter which service the BB device is attached to.
  • The icon turns blue with the corresponding arrow pointing down regardless of where the card of the cardholder was used. If a payment is made in a store, online or by phone, the ECOM application advises the cardholder within minutes that a transaction has taken place.
  • If the transaction shown on the BB was made or was authorized by the cardholder, no action would be taken. If the transaction shown is unknown or not authorized by the cardholder, the cardholder would call the card issuer and report the event to prevent any further transactions to be conducted.
  • Since most cards have either a limited or zero liability feature, the issuer would save a significant amount of money in the form of fewer card fraud related losses.
  • Under normal circumstances, cardholders would not see a specific or unauthorized transaction that had been made on their card for either several days or even up to 30 days when a statement is received. This delay allows any fraud to continue against the card with ever increasing losses. CardTrax supplies transaction information within minutes of the transaction having been made and can limit losses to the one transaction when reported by the cardholder.

We’re not sure about release dates yet but this is clearly in beta stages. I’ll keep you posted when I know more.

  • http://twitter.com/BlackBerryCool/statuses/2192543996 BlackBerryCool (BlackBerry Coo

    Full details surrounding eCom?s MasterCard app for BlackBerry http://bit.ly/e9QFF

  • http://twitter.com/BlackBerryCool/statuses/2192543996 BlackBerryCool (BlackBerry Coo

    Full details surrounding eCom?s MasterCard app for BlackBerry http://bit.ly/e9QFF

  • http://twitter.com/BlackBerryCool/statuses/2192543996 BlackBerryCool (BlackBerry Coo

    Full details surrounding eCom?s MasterCard app for BlackBerry http://bit.ly/e9QFF

  • http://www.martic.net/ Darko Martic

    This is going to be awesome !!

  • http://www.martic.net/ Darko Martic

    This is going to be awesome !!

  • http://www.martic.net/ Darko Martic

    This is going to be awesome !!