Simpay Selects Encorus to Power Global Mobile Payments
LONDON, and DUBLIN, Ireland, April 5 /PRNewswire-FirstCall/ -- Encorus, a leading mobile payments services company majority owned by First Data Corp. (NYSE: FDC), has today been announced as Simpay's transaction processor in a multi-year deal covering both Europe and the United States. Simpay, the consumer m-payment brand formed by Orange, Telefonica Moviles, T-Mobile and Vodafone in 2003, along with Encorus' processing capabilities will make large-scale m-commerce a reality. The Founding members of Simpay represent over 280 million wireless subscribers worldwide. Simpay's commercial launch is scheduled for the first quarter of 2005.
Encorus' m-commerce knowledge and expertise coupled with First Data's scale and processing experience met Simpay's requirements for interoperability, revenue sharing and scalability. Encorus is the only company providing total m-payment solutions worldwide -- m-payments software, mobile merchant acquisition services and transaction processing.
"The history of the mobile phone industry demonstrates that major business volume comes when customers have the freedom to reach across and interact with
any network," comments Tim Jones, CEO, Simpay. "Our mission is to deliver that
freedom in the field of mobile payments, and our agreement with Encorus is fundamental to achieving this mission. After a thorough selection process, we
are satisfied that Encorus will deliver Simpay's Central Processing Platform
and supporting business processes to our specifications and timelines."
"This is great news for Encorus and mobile payments in general," said Garen Staglin, Encorus Chairman. "Encorus' knowledge and expertise will support Simpay's mission, helping to make m-payments a reality for millions of consumers around the world. We are delighted to play such a significant role in the future of m-payments. This new partnership emphasizes our leadership in the m-payments sector."
Simpay brings together consumers, mobile operators and merchants to deliver convenient and accessible m-payments across national borders. The initiative has captured the imagination of the mobile industry and 3, debitel, Elisa (previously Radiolinja), KPN Mobile Group, Mobilkom, O2, Optimus, SFR, TeliaSonera and TMN have already expressed interest in joining.
Encorus is a services company working in the mobile payments space.
Encorus products and services will connect mobile operators and merchants with
an interoperable payment infrastructure that's secure and easy to use, while
providing consumers with a more convenient, cashless payment alternative.
Current Encorus customers include Vodafone Group and T-Mobile International.
Encorus was founded in November 2001 by eONE Global (http://www.eoneglobal.com), a leader in emerging payment technologies and systems spanning the government, mobile and enterprise marketplaces. eONE Global is majority owned by the world's largest payments processor First Data Corp. (NYSE: FDC). To learn more about Encorus, please visit http://www.encorus.com.
Simpay was founded in 2003 by Orange, Telefonica Moviles , T-Mobile and Vodafone. It was created to drive m-commerce through the creation of a payment scheme that allows customers to make purchases through mobile operator-managed accounts. The name, Simpay, distinguishes the company as a separate entity from its founding members and establishes the brand as a mobile payments company. The Simpay brand signifies the simplicity with which mobile commerce transactions will be made in the future and defines a new function for mobile phones around the world. For more information please visit: http://www.simpay.com
Vodafone. is a trademark of the Vodafone Group. Other product and company
names mentioned herein may be the trade marks of their respective owners.
Source: Company Press Release