PKO Bank Polski has launched IKO, the first and largest commercial rollout of a mobile payment service that covers all payment situations. The IKO service is based on Accumulate’s mobile financial services platform ME and Pera Mobile.

Stockholm, Sweden – 14 March 2013 – PKO Bank Polski has launched IKO, the first mobile payment service that covers all payment situations. The roll-out includes all Bank’s ATMs and ultimately more than 65000 POS terminals of eService, the Bank`s daughter company. From start IKO supports:

Point of Sale (POS) - pay in store, at restaurants, etc. (including future support for NFC)

Online - pay at online stores

P2P - real-time money transfer person-to-person to beneficiaries identified only by their telephone number

Cardless cash withdrawal from ATMs

Money vouchers – offline timed vouchers for shopping payments and ATM cash withdrawals

Account balance, transaction history and settings (example change PIN)

“The possibility of paying by a telephone creates brand new quality regarding convenience, availability, as well as meeting of customers` expectations. Combination of banking and transactional functions in one device is a real breakthrough. We are pioneers in mass mobile payments in Poland, and this proprietary solution has realistic chances for becoming a local mobile payments standard in the European market”, says Piotr Alicki, CIO at PKO Bank Polski.

The IKO mobile payment service is available for PKO customers and at the service launch available on Android and iOS systems (ultimately also on BlackBerry, Symbian, Java and Windows Phone).

The mobile payment service is based on Accumulates mobile financial services technology platform, Mobile Everywhere (ME) and Pera Mobile, the global open technology standard for mobile payment. The basic solution have been customised and functionally extended within PKO Bank Polski`s project, thanks to the support of HP and Accumulate. With the ME platform ALL mobile payments, mobile banking and mobile security services can be enabled using ONE platform. More services like mobile ticketing, loyalty, coupons and gift cards can easily be added to mobile service based on Accumulates technology.

Accumulate’s partner HP is responsible for the full project at PKO, from requirement and specification, to the implementation, system integration and development of the banks backend systems.

“We are of course very proud and this is great news and yet another example of how our technology, processes and methods enables attractive, secure and easy to use mobile payment services. With IKO mobile payment users now get a secure, fast and easy to use alternative to cash”, says Stefan Hultberg, CEO of Accumulate.