Atom Technologies Limited is a payment services provider company, headquartered in
Mumbai, India. Atom was started in 2006 as a
subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...
of the
Financial Technologies Group, founded by Jignesh Shah.
[atom technologies signs up with Sahayata](_blank)
Business Standard, 27 May 2009.
The company has historically focused upon 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 framework.
, a leading IT services provider headquartered in
Tokyo, on 27 November 2018, announced that it has entered into an agreement to acquire a majority stake in Atom Technologies.
Products
Atom Technologies' products include:
*
Online banking and
internet payment gateway (IPG): An internet payments platform
*
Interactive voice response (IVR): helps organizations to 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
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...
,
IMPS,
cash cards, and net banking
*
Point of sale
The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice f ...
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.
Security
The company's
payment platforms have been
accredited for
PCIDSS &
PA-DSS certification
Certification is the provision by an independent body of written assurance (a certificate) that the product, service or system in question meets specific requirements. It is the formal attestation or confirmation of certain characteristics of a ...
s which are accepted by the
banking industry and hence ascertain the security of its
mobile payment transactions and the
transmission
Transmission may refer to:
Medicine, science and technology
* Power transmission
** Electric power transmission
** Propulsion transmission, technology allowing controlled application of power
*** Automatic transmission
*** Manual transmission
*** ...
of card holder data.
Atom's
payment platform uses
Advanced Encryption Standard 128
Bit
The bit is the most basic unit of information in computing and digital communications. The name is a portmanteau of binary digit. The bit represents a logical state with one of two possible values. These values are most commonly represented a ...
cipher block chaining for
routing
Routing is the process of selecting a path for traffic in a network or between or across multiple networks. Broadly, routing is performed in many types of networks, including circuit-switched networks, such as the public switched telephone netw ...
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
Routing is the process of selecting a path for traffic in a network or between or across multiple networks. Broadly, routing is performed in many types of networks, including circuit-switched networks, such as the public switched telephone netw ...
transactions.
Partnerships
Atom has tie-ups with major
banks
DTH players may help mobile payments gain currency
Reuters, 4 June 2009. apart from credit card companies like Visa Inc., MasterCard, and American Express
American Express Company (Amex) is an American multinational corporation specialized in payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City. The company was found ...
. 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.[IVR: making payments easier](_blank)
, Express Computer, 15 December 2008.
References
External links
Official website
{{FinTech in India
Financial services companies based in Mumbai
Software companies based in Mumbai
Financial services companies established in 2006
Mobile payments in India
Indian companies established in 2006
2006 establishments in Maharashtra