NTT Data Payment Services
{{Short description|Indian Financial Services Company}}
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{{Infobox company
| name = NTT DATA Payment Services India
| logo = Ntt-data-logo.png
| type = Subsidiary
| foundation = {{start date and age|2006}}
| location = 11th Floor, B4/B5, Nirlon Knowledge Park, Off Western Express Highway, Cama Industrail Estate, Goregaon, Mumbai, Maharashtra, 400063, India
| key_people = Takeo Ueno (CEO)
| parent = NTT Data
| industry = Digital Payment Solutions
| homepage = {{URL|https://in.nttdatapay.com/}}
}}
NTT DATA Payment Services India (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.[http://www.business-standard.com/india/news/atom-technologies-signs-upsahayata/19/47/359326/ atom technologies signs up with Sahayata], Business Standard, 27 May 2009. 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.
= Acquisition =
NTT DATA Payment Services India , in November 2018 announced that it had entered into an agreement to acquire a majority stake in Atom Technologies.{{Cite web|date=27 November 2018|title=NTT DATA to acquire a majority stake in Atom Technologies owned by 63 moons|url=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|url-status=live|access-date=2022-01-03|website=NTT DATA|archive-url=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 |archive-date=3 January 2022 }}
Products
{{More citations needed|date=May 2024}}
Atom Technologies' products include:
- Online banking and internet payment gateway (IPG): An internet payments platform
- Interactive voice response (IVR): helps organizations accept payments through credit and debit card over a phone call
- Mobile computing app that enables payment services. The Atom mobile app allows payments through debit and credit cards, IMPS, cash cards, and net banking
- Point of sale to provide payment services, Atom provides brick and mortar merchant, acquiring and transaction processing services, in addition to its services over the Internet, IVR and Mobile.{{Citation needed|date=March 2023}}
Security
The company's payment platforms have been accredited for PCIDSS[http://www.mobile-financial.com/node/1071/atom-technologies atom Technologies company profile] {{Webarchive|url=https://web.archive.org/web/20110714105848/http://www.mobile-financial.com/node/1071/atom-technologies |date=14 July 2011 }}, Mobile-Financial.com & PA-DSS[http://www.ecommerce-journal.com/news/visa_certification_granted_to_india_s_m_banking_provider Visa certification granted to India’s m-banking provider] {{webarchive |url=https://web.archive.org/web/20091011115604/http://www.ecommerce-journal.com/news/visa_certification_granted_to_india_s_m_banking_provider |date=11 October 2009 }}, Ecommerce Journal, 29 August 2008. certifications which are accepted by the banking industry and hence ascertain the security of its mobile payment transactions and the transmission of cardholder data.
NTT DATA Payment Services India 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.[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], TMCnet.com, 28 August 2008.
Partnerships
NTT DATA Payment Services India has tie-ups with major banks[http://in.reuters.com/article/paidmediaAtoms/idIN37053525820090604?sp=true DTH players may help mobile payments gain currency]{{dead link|date=September 2024|bot=medic}}{{cbignore|bot=medic}}, Reuters, 4 June 2009. 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.[http://www.expresscomputeronline.com/20081215/management04.shtml IVR: making payments easier] {{webarchive |url=https://web.archive.org/web/20090307223616/http://www.expresscomputeronline.com/20081215/management04.shtml |date=7 March 2009 }}, Express Computer, 15 December 2008.
References
{{reflist}}
External links
- [http://www.atomtech.in Official website]
{{Digital payment providers}}
{{FinTech in India}}
Category:Financial services companies based in Mumbai
Category:Software companies based in Mumbai
Category:Financial services companies established in 2006
Category:Mobile payments in India