The recently launched mobile payment service Zapp, has teamed up with well known purveyor of hardware and software, Oracle, to deliver what the companies are calling faster, more secure, more reliable payments for millions of UK consumers on their mobile phones.
Together, Oracle and Zapp will build the Zapp payments platform on an Oracle Software & Hardware stack. The Zapp Web , Application and Database Servers will run on Oracle x86 and SPARC hardware, with the software behind the Zapp mobile payment eco-system being built on Oracle’s Database, WebLogic, Enterprise Service Bus, GoldenGate and Data Integration technologies.
These technologies form the key building blocks in the construction of a high performance mobile transaction processing engine combined with advanced data analytics. The Zapp solution leverages Oracle’s in-built, industry leading data encryption technology, ensuring the highest level of data security. Oracle and the company behind Zapp, VocaLink, have a demonstrable track record in delivering secure and reliable services in UK payments processing exemplified by 99.992% availability over the last five years of operation.
Zapp is aiming to revolutionise mobile payments by removing the hassle of mobile wallets, passwords and logins by simply linking the consumer’s existing bank account to their smartphone. Come 2014, the company hopes, everyone will be using it.
Zapp can be easily integrated into merchant online and mobile checkouts and can be used at the point of sale for NFC, QR code or any other system that a retailer has implemented. For consumers Zapp can be embedded in current mobile banking applications so that they can quickly and easily access mobile payments from a trusted source without new logins or passwords. Consumers can check their balance before paying for goods and services thereby staying in control of their finances.
Peter Keenan, CEO of Zapp, commented: “Ensuring secure and reliable payments for millions of UK consumers, financial institutions and retailers is the foundation of Zapp. Our strategic alliance with Oracle allows us to bring real-time payments to UK consumers through their existing bank account and their mobile phone in 2014.”
Dermot O Kelly, SVP & UK Country Manager Oracle commented, “Zapp represents the cutting edge of mobile payments innovation and we are delighted to be a part of the co-operative effort which deploys Oracle’s hardware and software to power the Zapp technology. We have an unrivalled reputation for reliability and security in payment systems and we look forward to using our expertise to deliver Zapp into the market in 2014.”