Customers whose bank does not participate in
person to person (P2P) payment services can still use the new
technology under PATsend, the latest release of the PAT (Phone
Authorised Transfer) solution set by Canadian mobile commerce
solution provider CPNI.
The PATsend solution can be integrated with
existing online web portals. To receive money, unregistered
recipients need to either register their details in advance with a
participating institution or when claiming at the time of the
transfer.
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PATsend users can complete money transfers
using a mobile phone, the web or an ATM by entering the recipient’s
phone number, email address or social networking ID.
According to CPNI, PATsend offers banks
customer acquisition opportunities. Participating financial
institutions can act as a conduit for the clientele of other banks,
providing the opening to interface with new potential customers.
CPNI claim early adopting banks will have a substantial advantage
in the race to attract and retain consumers in the growing mobile
market.
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