Mobile World Congress: Amdocs unveils Cloud-based mobile payments solution


By Telecom Lead Team: Amdocs has launched Amdocs Mobile
Payments, a cloud-based gateway, enabling mobile operators to cost-effectively
scale their mobile payments business for both prepaid and postpaid customers.


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.


Amdocs Mobile Payments enables operators to capture new
and emerging revenue streams in the mobile payments market which is predicted
to reach $670 billion by 2015.


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. 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,” said Brian Shepherd, Amdocs division president.


Amdocs processes more than 250 million mobile payment
transactions a year, totaling more than $2 billion in mobile payment


The Amdocs Mobile Payments Solution is
Software-as-a-Service (SaaS) based, which is BSS (business support systems)
vendor agnostic.


Utilizing Amdocs solution, 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.


It offers 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


It is pre-integrated with Google’s Android Market. The
new mobile payment solution also supports the needs of other app stores (e.g.
Microsoft Marketplace, BlackBerry App World, Amazon), leading content
providers, gaming and virtual credits companies, and payment aggregators.



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