SuperCom SPCB, +6.22% a global provider of secure solutions for e-Government, Public Safety, HealthCare, and Finance sectors, announced today that it has signed a memorandum of understanding with a Mobile Network Operator in Latin America to implement and deliver a mobile money solution using SuperCom's SuperPay™ technology.

Both parties expressed their desire to cooperate in building an advanced secure mobile wallet solution to be used by existing subscribers with almost any mobile device and to deploy matching mobile POS technology through the operator's agent network. The solution is intended to provide a range of services such as cash deposits and withdrawals, money transfer, bill payments, account top ups, in-store payments and more. The business model is based on revenue sharing between the Mobile Network Operator and SuperCom.

SuperPay™ is SuperCom's secure mobile payment hybrid suite which brings a new level of secured cross-network mobile payment transaction capabilities. Designed specifically as a flexible end-to-end mobile payments solution, the SuperPay suite is a secure and effective customizable answer for governments, MNOs and banks. Solving major money transfer and payments problems, and considering the unbanked population, SuperPay can be used for depositing, withdrawing and transferring funds and for paying for goods and bills on almost any mobile phone. While supporting multiple payment methods such as mobile-money, credit / debit cards and bank accounts, SuperPay monetary transactions are processed over a tightly-secured closed / open-loop protective layer employing an array of technologies - such as biometric authentication, IVR, and NFC - without additional hardware needed. The SuperPay Suite includes: 

• SuperWallet - an app providing secured financial services on almost any mobile device
• SuperPOS for secured and audio authenticated Point of Sales payments
• SafeMoney for safeguarding against device and network-based threats
• SuperGW - a fully customized payments processing gateway platform
• PayGuard for secured one-click ecommerce payments with multi-level authentication

There is no assurance that the MOU will result in a definite agreement on terms that are acceptable by both parties.