SoftBank, Synchronoss, TBCASoft launch RCS, Blockchain-based m-payments service

Japanese operator SoftBank, Synchronoss Technologies, and TBCASoft have partnered on a Proof of Concept (PoC) for a new cross-carrier mobile payments service based on the Rich Communications Service (RCS) global messaging standard and TBCASoft’s cross-carrier blockchain platform. Synchronoss has delivered in Japan a rich and secure multi-channel communications platform, which covers SMS, email and RCS. The platform went live in 2017. TBCASoft has been working with SoftBank, under the Carrier Blockchain Study Group (CBSG) Consortium, to deliver a cross-carrier blockchain platform called CCPS (Cross-Carrier Payment Service), which is designed to support global mobile payment services among operators. 

The three companies report they have successfully completed a mobile payments service PoC that is designed to allow users to make a range of in-store, mobile and digital purchases directly from their device. A mobile customer based in Japan, for example, can travel to the USA and make a purchase in dollars via RCS which is supported by SoftBank and Synchronoss. The RCS global messaging standard can also be used to send a payment. The CCPS blockchain API enables the recipient to use an RCS-based messaging app or legacy messaging service like SMS or mobile email, to receive P2P money transfers through the RCS wallet app either in the same country or overseas. 

SoftBank, Synchronoss and TBCASoft will demonstrate this mobile payments service PoC at the Mobile World Congress Americas conference, which takes place from 12 to 14 September in Los Angeles.

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