TantumPay is an innovative and advanced technology, a mobile application providing modern payment solutions, entirely focused on customer needs, aiming to deliver a convenient, secure, and enjoyable experience. The product is a collaboration between EVOTEK and tantumpay AG, a financial technology company headquartered in Vaduz, Liechtenstein.
1. About the Client: Tantumpay AG
Tantum is an advanced, emerging technology company, offering modern solutions for both startups and businesses to streamline operations. Entirely customer-centric, TantumPay endeavors to deliver a simple, secure, and engaging experience.
Headquartered in the Principality of Liechtenstein. The team comprises experts from various eCommerce domains. This solution can simplify user identification and payments for online platforms.
2. TantumPay Software Features
- KYC Integration: Implements a KYC verification process to ensure compliance and prevent fraud, creating a secure payment environment.
- Single Source Payment and Processing: Combines identification and payment processing from a single source to optimize conversion rates.
- AI-Based Automation: A fully automated solution using AI to ensure high usability and streamline workflows for maximum efficiency.
- Data Security and Cost-Effectiveness: Prioritizes data security and cost-effectiveness, allowing users peace of mind in processing payments.
- User-Friendly Workflow: Organizes workflows logically and minimizes user interaction to create a seamless user experience.
- Real-time Interactive Payment Details: Provides real-time detailed payment updates and actionable insights into user payment data.
3. Technical Challenges in Developing TantumPay App
- Security: Security stands as a paramount concern for any e-wallet application. Ensuring customer information is protected and not vulnerable to theft is crucial. This demands developers with expertise in security and utilization of modern security technologies to safeguard customer data.
- Payment System Integration: Integrating diverse payment systems into the application poses a technical challenge. Developers must ensure their app can accept various payment methods while meeting safety and security standards.
- User Authentication: User authentication presents another technical challenge. Developers must ensure user information is accurately and securely verified. This requires the use of modern authentication technologies like facial recognition, fingerprint recognition, or smart OTP.
- Multi-device Compatibility: Ensuring the app operates across different devices is a technical challenge. Developers need to ensure their app functions across various mobile devices and tablets.
- Integration with Authentication Systems: Integrating with various authentication systems is another technical challenge. Developers must ensure their app can integrate with diverse authentication systems, including two-factor authentication and voice-based authentication.
- Integration with Account Management Systems: Integrating with various account management systems poses a technical challenge. Developers must ensure their app can integrate with different account management systems, including bank account management systems.
4. EVOTEK’s solution
- Security: To ensure customer information safety, EVOTEK employs modern security technologies such as data encryption, two-factor authentication, and regular security checks. EVOTEK also ensures compliance with international security standards like PCI-DSS.
- Payment System Integration: To integrate various payment systems, EVOTEK utilizes payment APIs and ensures the app accepts multiple payment types.
- User Authentication: For user authentication, EVOTEK uses modern authentication technologies like facial recognition, fingerprint recognition, or smart OTP.
- Multi-device Compatibility: To ensure the app operates across various devices, EVOTEK utilizes cross-platform technologies like React Native.
- Integration with Authentication Systems: To integrate with diverse authentication systems, EVOTEK uses authentication APIs, ensuring their app can integrate with different authentication systems, including two-factor authentication and voice-based authentication.
- Integration with Account Management Systems: To integrate with various account management systems, EVOTEK uses account management APIs, ensuring their app can integrate with different account management systems, including bank account management systems.