Luup develops mobile payment authorization solution based on Windows Phone 7

Press Release: Mobile payments solutions provider Luup has joined forces with Microsoft to showcase an industry first: the newly-launched Luup Mobile Remote Authorisations product, which is interactively demoed on the Windows Phone 7.

Workforce mobility means that employees increasingly rely on smartphones to keep on top of workflows. Be it purchase orders, travel or budget requests, payment runs, budget reconciliations or cash replacement solutions, the Luup product enables authorisations to take place remotely by multiple peer or hierarchical signatories at different locations, all within seconds via a mobile device.

Such innovation is set to bring even greater operational changes than the electronic channel brought. Financial institutions and their corporate customers will benefit from revenue generation and cost reduction opportunities across multiple business areas.

"Corporate payments innovations are gaining considerable momentum at Sibos and our collaboration with Luup is a natural step as Microsoft expands in the payments integration market," said Karen Cone, general manager of Worldwide Financial Services at Microsoft. "Luup’s solutions offer sophisticated workflow management tools and directly increase efficiencies in banking operations and treasury functions. Microsoft BizTalk Server is a core-part of Luup’s banking-grade platform, delivering complex business process mapping, enabling integration with mission-critical core banking and treasury systems."

Luup specialises in providing banking-grade mobile payments managed services for financial institutions and their corporate customers. In addition to Microsoft components, Luup is integrating TEMENOS T24 core-banking components for a banking-grade overall service and streamlined integration with core banking systems.

"The new product is part of the Luup Mobile Corporate Banking Solution," explained Georg Fasching, VP of Products & Solutions. "We innovate to address the many pain-points our customer segments currently face. With leading technology and customer-centric features, such as reliability, ease of use, scalability and banking-grade security we are able to bring new solutions to the financial community."

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While Microsoft has insisted a few months ago that Windows Mobile 6.5 would remain their enterprise solution in the medium term, it seems that has all been forgotten, with Microsoft continuing to push increasingly for role for Windows phone 7 in enterprise, which in fact is a much less confusing, and likely more successful strategy than their two OS strategy so far.