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September 19, 2011

Luup launches universal mobile payments platform

Combines the scale to deal with large transaction volumes, says Luup

By CBR Staff Writer

Luup has launched a universal mobile payments platform, which is the result of the integration of the Temenos T24 core banking application and Microsoft BizTalk with Luup’s mobile payment services platform.

The new universal payment platform combines the scale to deal with large transaction volumes with the mission critical standards that banks require to meet regulatory and security requirements, Luup said.

CEO Martin Wilson said that with Luup, banks have the opportunity to serve corporate and retail markets using a single universal mobile payments platform, and they can now offer mobile payment services in developed and emerging markets anywhere in the world through any mobile device and on any network.

For its offerings Luup has further developed leading technology from Temenos and Microsoft, including Microsoft BizTalk.

Temenos global director of Banking Solutions Mark Gunning said T24’s integration into Luup’s universal platform for mobile payments means that financial institutions now have the unprecedented opportunity to get the mission-critical standard they expect – on the ubiquitous mobile channel.

Luup’s managed service model enables banks to implement the service easily and at low cost and to scale-up as customers’ demand for mobile payments increases even further.

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Microsoft general manager of Worldwide Financial Services Karen Cone said by running its offerings on Microsoft’s SQL Server and BizTalk Server, Luup provides its customers with workflow management and dynamic interfaces that offer enhanced management of payment services.

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