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Alaric, Mistral Mobile team up for comprehensive mobile payments

Alaric, a global supplier of fraud prevention and payments technologies, has joined hands with Mistral Mobile, to allow financial organizations to provide customers full financial services through mobile phones, globally.

Leveraging Mistral Mobile’s Money Mobility Suite for the interface with the mobile devices, as well as Alaric’s Authentic technology for transaction processing, the new service will deliver a proven, scalable foundation for the mobile offering in a reliable, dependable environment.

Without any requirements of mobile data connections or partnerships with mobile operators, the new technology can be used by any customer with any mobile phone, which also lessens the cost and infrastructure challenges of previous implementations.

It will be capable of completely updating new features remotely and automatically, without customers’ interference in application updates, claims the technology provider.

Designed to seamlessly connect with banks, card schemes and other payment schemes, the new technology is also equipped with Alaric’s Fractals fraud prevention technology, to detect and prevent merchant or micro-agent fraud.

Alaric’s products enables financial organizations, processors and retailers to manage ATM, POS, ecommerce and mobile payment or banking transactions, deliver complex multi-channel payments integration and carry out enterprise fraud and risk management.