Amdocs Launches Cloud-Based Mobile Payments Solution
Announcement posted by Amdocs 29 Feb 2012
With Amdocs Mobile Payments, operators can quickly capture new and emerging revenue streams in the mobile payments market which is predicted to reach $670 billion by 2015, according to Juniper Research#.
The solution is based on Amdocs’ expertise where today it processes more than 250 million mobile payment transactions a year, totaling more than $2 billion in mobile payment revenues. The solution allows mobile operators to:
onboard and manage the richest set of app stores, merchants and aggregators
process transactions for both physical and digital goods or services
settle against all available payment methods such as postpaid bill, prepaid balance or mobile wallet
The Amdocs Mobile Payments Solution is Software-as-a-Service (SaaS) based, which is BSS (business support systems) vendor agnostic and enables the following:
Fast time to market – pre-integrated with Google’s Android Market as well as supporting the requirements of other app stores (e.g. Microsoft Marketplace, BlackBerry AppWorld, Amazon), leading content providers, gaming and virtual credits companies, and payment aggregators.
Broad functional capabilities – new use cases, features and technologies such as in-app billing, self-service, and advanced refund options are added dynamically by Amdocs as the mobile payments market evolves.
Affordable business model - operators of every size and location can enter the mobile payments market or scale their operations while reducing the cost of managing off-portal content business by offering the solution on a revenue-share or per-transaction business models.
Scalability, flexibility and automation – simple partner onboarding process, broader payment options, and automated settlement of accounts.
Leverages Amdocs’ proven technologies - a reliable, scalable and secure solution, leveraging Amdocs’ technology and experience with its Digital Commerce Solution, in use by the largest operators in North America and Latin America.
“Today’s shopping experience is increasingly mobile and consumers prefer the convenience of mobile payments settled on a carrier bill rather than disclosing their credit card details to unknown retailers,” said Brian Shepherd, Amdocs division president. “Mobile payments using prepaid balance are often the most attractive payment option for young and unbanked consumers who want to participate in the digital economy. Mobile network operators are uniquely positioned to take advantage of their billing relationships with their consumers to enable them to do more in the connected world.”
# Mobile Payment Strategies report, Juniper Research, July 2011
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About Amdocs
For 30 years, Amdocs has ensured service providers’ success and embraced their biggest challenges. To win in the connected world, service providers rely on Amdocs to simplify the customer experience, harness the data explosion, stay ahead with new services and improve operational efficiency. The global company uniquely combines a market-leading BSS, OSS and network control product portfolio with value-driven professional services and managed services operations. With revenue of $3.2 billion in fiscal 2011, Amdocs and its over 19,000 employees serve customers in more than 60 countries.
Amdocs: Embrace Challenge, Experience Success.
For more information, visit Amdocs at www.amdocs.com.
Amdocs’ Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs’ growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs’ ability to grow in the business segments it serves, adverse effects of market competition, rapid technological shifts that may render the Company’s products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future, however the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2011, filed on December 8, 2011 and our Form 6-K furnished for the first quarter of fiscal 2011 on February 2, 2012.
Media Contact:
Michelle Bong
for Amdocs
Tel: +61 422 966 013
E-Mail: michelle_bong@iprimus.com.au