CellPoint Mobile introduces MPaaS solution

CellPoint Mobile has introduced Velocity, a mobile payment solution to help airlines deploy mobile payment solutions, payment apps and alternative payment methods (APMs), the company said.

CellPoint Mobile said Velocity turns payment service provider (PSP) functionality into a plug-and-play business service, enabling airlines to leverage the revenue potential that arises from the unparalleled growth and promotion of mobile payment technologies, while meeting rising passenger demand for secure shopping on payment-enabled smartphones, wearables and mobile devices.

Velocity´s three scalable service options — Engage, Accelerate and Advance — let airlines align mobile payment functionality with their immediate business needs, markets and revenue goals.

CellPoint Mobile provides commerce and payment solutions for global airlines, supporting all payment methods, all channels, all currencies and all devices. Since 2007, it has helped clients in transportation, retail and financial service sectors achieve an average 4.5 percent increase in incremental, direct-channel revenues.