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Amdocs Launches Cloud-Based Mobile Payments Solution
BARCELONA, Spain, February 28, 2012/PRNewswire/ --
- Direct carrier billing solution provided as a secure cloud service; offers
mobile operators fast time to market, new revenue streams and operational efficiencies
At Mobile World Congress 2012, Amdocs (NYSE: DOX), the leading provider of customer
experience systems, today announced the launch of Amdocs Mobile Payments. The new solution
is a cloud-based gateway, enabling mobile operators to quickly, securely and
cost-effectively scale their mobile payments business for both prepaid and postpaid
customers to open new revenue streams. Mobile payments that are charged via the carrier
offer consumers the convenience of charging purchases directly to their mobile phone bill,
prepaid balance or mobile wallet.
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
[http://www.juniperresearch.com/viewpressrelease.php?pr%0 ], Juniper Research, July 2011
Supporting Resources
- Read more about Amdocs Mobile Payments
[http://www.amdocs.com/solutions/stay-ahead/Pages/amdocs-mobile-payments.aspx ]
- Discover the latest solutions offered by Amdocs Digital Services
[http://www.amdocs.com/Products/digital-services/Pages/amdocs-digital-services.aspx ]
- Keep up with Amdocs news by visiting the company's website
[http://www.amdocs.com/os/home/home.htm ]
- Subscribe to Amdocs' RSS Feed
[http://phx.corporate-ir.net/phoenix.zhtml?c3915&p=rssSubscription&t=&id=& ] and
follow us on Twitter [http://twitter.com/AmdocsInc ], Facebook
[http://www.facebook.com/#/amdocsinc?ref=search&sidW1564383.1675311627..1 ] and
LinkedIn [http://www.linkedin.com/groups?gid36709&trk=hb_side_g ]
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 http://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.
Source: Amdocs
Michael Zema, Weber Shandwick for Amdocs, +1-212-445-8181, mzema@webershandwick.com
Amdocs Launches Cloud-Based Mobile Payments Solution
BARCELONA, Spain, February 28, 2012/PRNewswire/ --
- Direct carrier billing solution provided as a secure cloud service; offers
mobile operators fast time to market, new revenue streams and operational efficiencies
At Mobile World Congress 2012, Amdocs (NYSE: DOX), the leading provider of customer
experience systems, today announced the launch of Amdocs Mobile Payments. The new solution
is a cloud-based gateway, enabling mobile operators to quickly, securely and
cost-effectively scale their mobile payments business for both prepaid and postpaid
customers to open new revenue streams. Mobile payments that are charged via the carrier
offer consumers the convenience of charging purchases directly to their mobile phone bill,
prepaid balance or mobile wallet.
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
[http://www.juniperresearch.com/viewpressrelease.php?pr%0 ], Juniper Research, July 2011
Supporting Resources
- Read more about Amdocs Mobile Payments
[http://www.amdocs.com/solutions/stay-ahead/Pages/amdocs-mobile-payments.aspx ]
- Discover the latest solutions offered by Amdocs Digital Services
[http://www.amdocs.com/Products/digital-services/Pages/amdocs-digital-services.aspx ]
- Keep up with Amdocs news by visiting the company's website
[http://www.amdocs.com/os/home/home.htm ]
- Subscribe to Amdocs' RSS Feed
[http://phx.corporate-ir.net/phoenix.zhtml?c3915&p=rssSubscription&t=&id=& ] and
follow us on Twitter [http://twitter.com/AmdocsInc ], Facebook
[http://www.facebook.com/#/amdocsinc?ref=search&sidW1564383.1675311627..1 ] and
LinkedIn [http://www.linkedin.com/groups?gid36709&trk=hb_side_g ]
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 http://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.
Source: Amdocs
Michael Zema, Weber Shandwick for Amdocs, +1-212-445-8181, mzema@webershandwick.com