Atom Technologies
Atom Technologies Limited is a payment services provider company, headquartered in Mumbai, India. Atom was started in 2006 as a subsidiary of the Financial Technologies Group, founded by Jignesh Shah. The company has historically focused upon the distribution of payment and banking services through the use of mobile technology. Atom Technologies has provided products and services for mobile payments, interactive voice response (IVR) based payments, and mobile-based service distribution framework. NTT DATA, a leading IT services provider headquartered in Tokyo, on 27 November 2018, announced that it has entered into an agreement to acquire a majority stake  in Atom Technologies. Products. Atom Technologies' products include: Security. The company's payment platforms have been accredited for PCIDSS & PA-DSS certifications which are accepted by the banking industry and hence ascertain the security of its mobile payment transactions and the transmission of card holder data. Atom's payment platform uses Advanced Encryption Standard 128 Bit cipher block chaining for routing transactions using secure VPN connectivity. Atom does not store any credit card details but acts as a pass-through to the bank's payment gateway for routing transactions. Partnerships. Atom has tie-ups with major banks apart from credit  card companies like Visa Inc., MasterCard, and American Express. The credit cards of these banks and companies can be used to transact on the Atom platform. More than 1500 merchants have tied up with Atom to provide these payment services. References. 2022033084503A45