Many mobile payments offerings in the market simply use mobile as a channel to sell the same services to the same customers. PAT solutions fill a gap in the market by providing a platform for banks to offer person to person and person to merchant remote payments, transfers and banking access.

Service Solutions

The PAT platform includes the following innovative solutions:

	- Send money using your phone
	- Make purchases using your phone
	- Mobile banking solutions

Bank competitors are not only taking revenue away from financial institutions, but they are also building a trusted brand for payments. CPNI is committed to helping banks defend and grow their payments franchise by allowing payments, money transfers and access to banking services to occur with convenience, speed, security and low cost using a mobile phone. All services are delivered with a single downloadable mobile application.

Global mobile phone ownership will top 3.25 billion in 2007, equivalent to about half the world’s population (The Mobile World, June 27, 2007). The widespread use of mobile phones provides the opportunity to identify both senders and recipients by phone number. The phone number is the best method of uniquely identifying both banked and unbanked individuals.