Digital Courier Technologies, Inc., a leading provider of end- to-end, fully-integrated e-payment services, announced that it has enhanced its e-payment services to support mobile commerce (m-commerce). Merchants can now transmit transactions via wireless devices — personal digital assistants and mobile phones — and process them quickly and securely through DCTI.
According to Ovum, an independent research and consulting company, worldwide m-commerce is expected to increase to 373 million users by 2004, compared to 22 million users in 2000.
“The goal of this initiative, as with all DCTI services, is to help our clients stay ahead of the demands of the e-commerce marketplace,” said Don Marshall, President of DCTI. “We are providing merchants with an enhancement to enable them to do business using mobile technology. By offering support for WAP devices, DCTI adds to its complete spectrum of secure, fast, and responsive e-payment services.”
Industry indicators suggest that Internet merchants have begun processing transactions from mobile phones and other wireless devices that use the Wireless Application Protocol (WAP). In the U.S., for example, Datamonitor predicts m-commerce revenues to reach $1.2 billion (USD) by 2003, up from today’s $90 million (USD). DCTI’s offering means that merchants may now transmit wireless transactions securely by sending encrypted information to DCTI via WAP Gateways. Most wireless providers, such as Sprint, Nokia, and Motorola, maintain WAP Gateways to facilitate online shopping. Once a transaction is complete, DCTI sends a Wireless Markup Language (WML) response to the WAP Gateway to ensure security and response speed.
DCTI is at the forefront of Internet payment technology. A recognized specialist in risk management and fraud control, DCTI provides highly- scalable, reliable, and fully-integrated payment software and systems for businesses, Internet merchants, and financial institutions. Payment features of the DCTI system include advanced authentication, validation, fraud screening, payment authorization, settlement, and real-time reporting. DCTI’s notable client base and affiliations include U.S. and international banks and merchants and ongoing development partnerships with industry leaders such as Equifax, NDC e-Commerce, TSAI, and GlobalPlatform. For more information, please visit [http://www.dcti.com].