Australian software company, Total Tel International (TTI), is planning to expand its electronic wallet services following the deployment of IBM’s infrastructure as a service (IaaS) SmartCloud enterprise.
The e-wallet services provided by TTI mean that customers can make secure e-commerce transactions using a pay-as-you-go subscription model. It also syncs with TTI’s existing offerings to provide mobile banking options such as top-up services.
TTI chief executive, Peter Cook, said in a statement that there had been a long term plan to develop the e-wallets system into a commercial offering.
“After talking to IBM we realised that a Cloud based implementation would address many of the issues surrounding cost-effectiveness and scalability, especially with deployments overseas, which may have otherwise confined e-wallets to the drawing board,” he said.
“We can now offer a product that means our customers pay a nominal fee per month rather than having to make a big investment up front before they even get started.”
According to Cook, the adoption of a public Cloud-based model also means it can develop software demonstrations, proof of concepts, and technical systems deployment.
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