NTT Data Payment Services explained

NTT Data Payment Services
Type:Subsidiary
Location:4th Floor, Suraksha Ace Building, CST No. 34/3, Village Chakala, Plot No. 2-A, Andheri Kurla Road, Andheri (East), Mumbai, Maharashtra, 400059, India
Key People:Takeo Ueno (CEO)
Parent:NTT Data
Industry:Digital Payment Solutions

NTT Data Payment Services (formerly known as Atom Technologies Limited) is a payment services provider company headquartered in Mumbai, India.

History

Atom was started in 2006 as a subsidiary of the Financial Technologies Group, founded by Jignesh Shah.[1] The company has historically focused on the distribution of payment and banking services through the use of mobile technology. Atom Technologies has provided products and services for mobile payments, interactive voice response (IVR)-based payments, and mobile-based service distribution frameworks.[1]

Acquisition

NTT DATA, on November 2018 announced that it had entered into an agreement to acquire a majority stake in Atom Technologies.[2]

Products

Atom Technologies' products include:

Security

The company's payment platforms have been accredited for PCIDSS[3] & PA-DSS[4] certifications which are accepted by the banking industry and hence ascertain the security of its mobile payment transactions and the transmission of cardholder data.

Atom's payment platform uses Advanced Encryption Standard 128 Bit cipher block chaining for routing transactions using secure VPN connectivity. Atom does not store any credit card details but acts as a pass-through to the bank's payment gateway for routing transactions.[5]

Partnerships

Atom has tie-ups with major banks[6] apart from credit card companies like Visa Inc., MasterCard, and American Express. The credit cards of these banks and companies can be used to transact on the Atom platform. More than 1500 merchants have tied up with Atom to provide these payment services.[7]

External links

Notes and References

  1. http://www.business-standard.com/india/news/atom-technologies-signs-upsahayata/19/47/359326/ atom technologies signs up with Sahayata
  2. Web site: 27 November 2018. NTT DATA to acquire a majority stake in Atom Technologies owned by 63 moons. live. 2022-01-03. NTT DATA. https://web.archive.org/web/20220103212857/https://www.nttdata.com/global/en/Media/Press%20Release/2018/November/NTT%20DATA%20to%20acquire%20a%20majority%20stake%20in%20Atom%20Technologies%20owned%20by%2063%20moons . 3 January 2022 .
  3. http://www.mobile-financial.com/node/1071/atom-technologies atom Technologies company profile
  4. http://www.ecommerce-journal.com/news/visa_certification_granted_to_india_s_m_banking_provider Visa certification granted to India’s m-banking provider
  5. http://www.astricon.net/topics/broadband-mobile/articles/38328-indias-atom-receives-visa-security-certification-m-payments.htm India's atom Receives VISA Security Certification for M-Payments
  6. http://in.reuters.com/article/paidmediaAtoms/idIN37053525820090604?sp=true DTH players may help mobile payments gain currency
  7. http://www.expresscomputeronline.com/20081215/management04.shtml IVR: making payments easier