MCHN enables mobile users to send and receive funds across different banks, platforms and wireless carriers. The central hub is a communication and reporting system offering technical and reporting services to governments, financial institutions, telecommunication operators, service providers and merchants.
Technical and Reporting Services
- MCHN will collect and aggregate data and information to assist governments in formulating more solid-based regulatory policies. Privacy of individual consumers will be protected.
- MCHN will provide a direct channel to financial institutions by which regulatory policies and processes can be implemented effectively and efficiently.
- MCHN offers a proprietary system called Anti-Intrusion and Fraud Detection System (AIFDS).
Cross Channel Integration & Reporting
- Banks will gain comprehensive reporting into system transactions at a higher level than is currently available.