Tuxedo

Case study

"Tuxedo Money Solutions and MasterCard worked with Proxama to develop an end-to-end mobile solution for organisations to launch mobile contactless payment services"

Overview

Tuxedo Money Solutions and MasterCard worked with Proxama to develop an end-to-end mobile NFC payment solution, which could be used by organisations wishing to launch mobile contactless payment services.  The application needed to be simple, secure and easy to use.

Solution

Proxama designed the application in the form of a mobile wallet. The wallet allowed users to draw funds down from their Tuxedo Money account and make low value transactions at NFC-enabled retailers.

Proxama developed the complete mobile wallet application, including the client software and phone user interface. We partnered with FIS, G&D, ABnote Europe to provide a pre-paid account platform, transaction processing engine, HSM (hardware security module) and secure server.

Outcome

  • This was the first end-to end-contactless pre-paid mobile phone payment solution in the UK
  • It was quick and simple to use – contactless payments were 12.5 seconds faster than cash payments
  • Consumers no longer need to carry multiple payment cards – accounts can be linked in mobile wallet
  • Spending and budgeting was monitored on the phone, giving consumers more control over their finances