atom becomes India’s first m-payments provider to receive VISA security certification

Mumbai, 28th August, 2008: atom technologies, one of the leading mobile payments services company in India, has announced today that it has been accredited with Visa Payment Application Best Practices (PABP) certification for its soon to be announced m-payments platform – atom. The PABP certification testifies that atom adheres to all norms which are critical to ascertain the highest level of security standards for storing, processing and transmitting confidential information of m-banking consumers as part of authorization and settlement.

atom technologies is now India’s first and only end-to-end m-payments provider to receive this certification.

Erik Winkler, Global Head Professional Services, Controlcase said “atom technologies has demonstrated high level of commitment at all the levels towards attaining the desired level of security standards and applied significant efforts in pro-actively complying with the Visa PABP certification standards. This certification will give users the assurance of atom’s commitment of offering solutions that meet currently applicable highest security standards in the domain”.

Dewang Neralla, Director of atom technologies says, “Today, customer is the king. They deserve the best as it is their hard earned money. Amongst a plethora of choices for mobile payments, they should be provided with a solution which provides not only convenience but also offers a very secure platform from a trusted party. We are very pleased to announce that we have been accredited with Visa PABP certification. This again demonstrates our continued market leading pursuit of following and certifying to the highest standards of payment applications and security, ensuring that atom technologies truly creates a secure environment for its customers, while at the same time giving comfort to the banking industry as well as customers that the systems and processes are regularly reviewed by agencies appointed by the card associations i.e. Visa and Master Card for the norms laid down by them from time to time.”

About ControlCase

ControlCase is a managed compliance and IT security company headquartered in McLean, VA. They enable companies and government agencies by providing efficient compliance solutions that are consistent and repeatable for unrivaled value over the life of a regulation. They assist both large and small organizations in achieving compliance on time and within budget.
It is a United States based company with offices in McLean, VA and Mumbai, India.

About atom technologies

atom technologies limited (atom) is a retail initiative of the Financial Technologies Group. atom conceptualizes, develops and markets technology, products and platforms to serve as a catalyst to unlock value in the retail transaction ecosystem, leveraging the mobile communication infrastructure.

atom endeavors to unlock value by bridging the businesses-customers gap through innovative solutions centered on mobile devices. atom technologies’ solutions enable mobile-based remote business transactions that ensure an effective reach with security and convenience.

atom technologies is a new-age company that enables mobile & phone based secure transactions.

atom mobile payment platform: atom enable transactions through customers’ mobile phones, be it payments over the internet, money transfers, ticket booking, loyalty programs, day-to-day shopping, home delivery or cash withdrawal at an ATM machine. atom not only shift the customer to the next level of security after the magnetic stripe but also provide greater convenience by enabling faster counter payments, remote payments and secure ATM transactions through a mobile phone. atom also has an IVR-based solution which enables automated acceptance of credit card payments over the phone without any manual intervention.

atom technologies limited is promoted by Financial Technologies (India) Limited, the flagship company of the Financial Technologies Group. Financial Technologies (India) Limited (BSE: 526881 and NSE: FINANTECH, GDR listed at Luxembourg Stock Exchange: FTIA,

FTIS), is a US$ 3.04 billion (market capitalization as of December 31, 2007) organization with 90% (est.) market share in the securities trading segment in India. Besides creating seven exchanges (five in India and two international), Financial Technologies is also a global leader in offering technology IP (Intellectual Property) and domain expertise to create and trade on next generation financial markets that are transparent, efficient, and liquid across all asset classes, including equities, commodities, currency, and bonds and a leading end-to-end technology solutions provider to brokerage houses in India, with over 830 brokerage houses as customers and 284,000 licenses, as of December 2007.

For more information please contact:

Joysmita Chakraborty
Adfactors PR Pvt Ltd.
Cell: 022-22871361 (Ext:214)
Email:joysmita.chakraborty {at} adfactorspr(.)com

Jasvir Bajwa

Atom Technologies

Cell:+91 9987530809

Email: jasvirsingh.bajwa {at} atomtech(.)in