NWC News Network, July 8 2008, 1030 hrs
Satyam Computer Services, an IT services provider, announced its partnership with Tyfone, provider of mobile financial services, infrastructure and fully-integrated mobile payments capabilities. The companies will collaborate to provide businesses with an even greater edge when competing in the mobile financial services sector. The alliance combines Satyam’s deep domain expertise and system integration experience with Tyfone’s complete mobile financial services infrastructure, and will provide institutions with enhanced solutions and technology.
Tyfone’s technology suite currently encompasses an independent, issuer-branded solution for secure mobile banking, mobile contactless payments, mobile retail, mobile remittance, and mobile identity management services, enabling institutions to communicate quickly with their customers via mobile phones. By joining with Satyam, it will be able to provide mobility solutions that include system integration, product customization, and end-to-end lifecycle services.
“We chose to partner with Tyfone because their platform is issuer-centric, enabling issuer-branded mobile financial services to have complete lifecycle control over the mobile financial services offering,” said Satyam Co-Founder and CEO, B Rama Raju. “Tyfone provides a combination of value and differentiation across the spectrum of mobility, including device and carrier independence for Near-Field-Communication-based contactless payments.”
The vision of the partnership between the two companies is to provide product solutions and implementations to clients, with end-to-end lifecycle management and a focus on speed-to-client benefit.
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