Datacomp ties up with atom for m-payment platform

Mumbai: 23 April, 2009 – Datacomp, an insurance and financial Services software solution provider, has tied up with atom for its m-payment platform. Datacomp will enable the renewal and purchase of its software solution through the m-payments platform using phone and credit card. Datacomp’s software, which costs between Rs. 2000 to Rs. 15000, is used by over 50,000 financial intermediaries like LIC agents, insurance brokers, mutual fund distributors, banks and corporate institutions..

Through atom platform Datacomp will be able to speedup the current payment processing system as well as it will provide a new payments mechanism to its customer. This platform will also provide EMI option to financial intermediaries for renewal or purchase of software. The payment system will prompt the user to enter the credit card details on phone’s key pad to accomplish the transaction in a completely secured environment.

“Datacomp has a vast distribution network spread across urban and rural cities and towns in the country which gets enabled to offer customers easy payment mechanism and EMI facility by just having telephonic access. This increases the affordability factor of the customer and also helps us capitalize on product enquiries and convert them to sales. The sheer convenience and security of the atom solution has been the major factor influencing us to embrace the m-payment technology solution for our customers” said Madhu Awatramani – Managing Director Datacomp Web Technologies. “Our on field customer executives visiting customers now complete the software renewal transactions immediately resulting in enhanced customer satisfaction This will also help us capitalize on product enquiries and convert them to sales” added Madhu Awatramani

“We are delighted to announce our tie up with Datacomp. This is first time in industry where software solutions can be purchased over the phone using Credit Cards which normally people would associate to purchase other goods. I am sure that this association will help Datacomp to reach its widespread geography and also will help to increase the service efficiency of payment collection from their customers. This should also benefit the huge number of financial intermediaries in the country using Datacomp’s software solutions” opined Dewang Neralla, Director, atom technologies ltd.

About atom Technologies

atom technologies is a digital, retail initiative of the Financial Technologies Group, a group that has pioneered creation of digital marketplaces and technology solutions for the financial markets. atom was formed in 2006 to focus on harnessing the digital transaction ecosystem for payments with a special focus on the ever-increasing mobile ecosystem. As a mobile payments service provider, atom, through innovative use of technology in the mobile transactions ecosystem, has created multiple “patent pending” products & services for mobile payments, mobile banking for the un-banked, IVR based payments & mobile based service distribution framework. Today, its services have seen more than 100 core of transactions going through its environment with client list spanning the best of the associates in the industry.

About Datacomp

Datacomp is a software solutions specialist with focus on business solutions primarily in the insurance & specified financial services space. Datacomp has constantly been value adding by devising powerful and innovative sales strategies for its clients to keep them miles ahead of competition. Datacomp uses the latest cutting edge technology platforms to develop the software to ensure continuity & stability. We specialize in Microsoft’s .NET technology and have live projects that have tasted success in the market. Datacomp has a product range which covers end-to-end spectrum of business process mapping, implementation, integration, application management and support. Datacomp’s expertise extends across the following solutions: Customer Relationship Management, business Automation Systems, Illustration and Policy Servicing Systems, Product Life Cycle Management and Enterprise Resource Management.