CPNI Inc. - Solutions - patbuy

By: Cpni  09-12-2011
Keywords: Bank, financial institutions, Financial Institution

CPNI Inc. - Solutions

PATbuy allows bank customers to make remote mobile purchases from merchants. Consumers use their phone to pay for products or services while Financial Institutions and merchants benefit from new revenue opportunities.

For customers, PATbuy offers access to a limitless number of merchants from a single application on their mobile phone. Registered PATbuy customers can immediately make purchases at all participating merchants.

For merchants, PATbuy provides a single integration point and a simple service interface to reduce implementation time and cost, avoiding the need to address each customer’s bank individually, while allowing existing ecommerce investments to be leveraged. Upon completing a fast and easy integration, merchants can immediately accept payments from all registered PATbuy customers.

End User Experience

Abbreviated Call Flow

Benefits to Financial Institution

  • Generate new fee income
  • Easy access to merchants by phone number
  • Leverage existing card payment networks
  • Card issuing banks - increased interchange volume/fees and potential to charge a convenience fee
  • Merchant acquiring banks – increased interchange volume/fees and increased traffic
  • Ability to leverage existing processes, infrastructure and settlement network
  • Increased “share of wallet”
  • Innovative offerings to attract new customers
  • Improved customer retention
  • Tools to move the bank-issued credit card to top of customer’s wallet for mobile purchases
  • Facility to grow and defend payments franchise
  • A platform to innovate

Benefits to Merchants

  • Provides a new channel for remote sales
  • Provides a single integration point to take advantage of mobile commerce
  • Fast and easy integration for the merchant
  • Single service interface reduces implementation cost and integration risk
  • No need to address each customer’s bank individually
  • Leverages existing card payments processes and remote purchase systems
  • Immediate access to all customers on the PAT network

Benefits to Bank Customers

  • Greater convenience and mobility
  • Bank brand they can trust
  • Faster transactions by eliminating time consuming paperwork
  • Confidence in the security of their personal information
  • Potential cost savings to transfer funds
  • Already own the required hardware (i.e., mobile phone)
  • Favorites menu option allows for quick and easy re-ordering of items
  • Flexibility of a single generic interface capable of accessing a limitless number of merchants and people
  • Same look and feel of application regardless of merchant
  • Convenient, fast, secure, low cost

Keywords: Bank, Financial Institution, financial institutions

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CPNI Inc. - Solutions - patbank

PATbank enables Financial Institutions to customize a full suite of dynamic mobile banking solutions for their retail, private banking and wealth management customers. The content, control, features and flow are bank specific and can be modified without changing or re-installing the mobile client. Ability to generate personalized services for individual customers.


CPNI Inc. - Solutions - patsend

The worldwide number of users of mobile banking and related services is forecasted to grow from 55 million users in 2009 at a compound annual growth rate of 59.2 percent to reach 894 million users in 2015Source. By the end of 2009, that number had already reached 4.6 billion subscriptions, or a 67 percent global penetration rateSource: International Telecommunications Union,February 23, 2010.


CPNI Inc. - Solutions - solutions

CPNI is committed to helping banks defend and grow their payments franchise by allowing payments, money transfers and access to banking services to occur with convenience, speed, security and low cost using a mobile phone. The PAT platform presents Financial Institutions with new ways to generate revenue while leveraging their existing processes and settlement network.