Amdocs Partners with Trivnet Enabling Service Providers to Offer Mobile Money Services
Quick-to-deploy offering allows mobile service providers to capitalize on a range of financial services which cross borders and networks, delivered over the mobile phone
BARCELONA (June 24, 2009) –
Amdocs (NYSE: DOX), the leading provider of customer experience systems, announced today the availability of the Amdocs Mobile Money Hub, a SaaS (Software as a Service)-based solution for enabling service providers to support any payment or banking process over the mobile phone in real time. Partnering with leading enabler of mobile money services – Trivnet, the Amdocs Mobile Money Hub combines technology from Trivnet with Amdocs’ implementation and integration expertise and data center facilities around the world.
“In today’s digital lifestyle, it’s a natural extension to utilize the mobile handset for financial transactions. The key is to ensure the user experience is positive and the underlying infrastructure supports such transactions in a totally secured fashion,” said Michael Couture, head of Global Marketing at Amdocs. “With the Amdocs Mobile Money Hub, service providers can now differentiate their offering and capitalize on the mobile money services market potential, at a low risk and at a low initial upfront investment.”
The Amdocs Mobile Money Hub is powered by Trivnet’s TRIV Platform(TM). The Trivnet technology allows service providers to offer their customers the ability to perform various financial transactions, such as money transfers, mobile commerce, and mobile banking, from all types of mobile phones, as well as over the Web, IVR (interactive voice response) or any other access method available to customers. Services are conducted in a fully secured environment, allowing service providers to adhere to the strictest financial and security standards and regulations, including ISO 8583, Know-Your-Customer (KYC), and Anti-Money-Laundering (AML).
The Amdocs Mobile Money Hub is connected to global banking partners that provide the necessary foreign exchanges and inter-bank settlement services for cross-border money transfers. “Together with Amdocs we are offerings one of the leading mobile money solutions available on the market today to allow mobile service providers a quick and easy entry into the lucrative field of mobile financial services,” said Amit Mattatia, president and chief executive officer at Trivnet. “The direct connection to cross-border and cross-network sources and destinations for money transfers will play a major role in driving service uptake and subsequent growth in the mobile money ecosystem.”
The Amdocs Mobile Money Hub can be rapidly deployed. The underlying scalability of the solution allows service providers to readily add subscribers, services, and cross-border affiliations serving as cash in/cash out points, and support growing transaction volumes under an attractive, pay-as-you-grow, SaaS pricing structure. All services carry the service provider’s brand, are configured to the provider’s requirements and are localized to the finest details.
The announcement was made at the GSMA Mobile Money Summit 2009 taking place today in Barcelona (Amdocs Booth D3, Hall 5).
About Trivnet
Trivnet is a leading participant in the emerging world of mobile money services. Established in 1997 and privately owned, Trivnet was one of the first companies in this domain and has already deployed its TRIV Platform(TM) with many service providers and mobile network operators around the world.
Trivnet’s solutions enable the development of effective and profitable mobile financial services based on the participation of telecom operators, financial institutions, merchants, distributors and retailers – locally and globally. For more information, visit Trivnet at www.trivnet.com
About Amdocs
Amdocs is the market leader in customer experience systems innovation, enabling world-leading service providers to deliver an integrated, innovative and intentional customer experienceTM at every point of service. Amdocs provides solutions that deliver customer experience excellence, combining the software, service and expertise to help its customers execute their strategies and achieve service, operational and financial excellence. A global company with revenue of $2.84 billion in fiscal 2007, Amdocs has more than 17,000 employees and serves customers in more than 50 countries around the world. 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, 2008, filed on December 8, 2008, and in our quarterly 6-K furnished on February 9 and May 12, 2009.
Media Contacts
Trivnet
Stacy Fassberg
Marketing Director, Trivnet
Tel: +972-544-234-976
E-Mail: stacy@trivnet.com
Amdocs
Garland Harwood
Weber Shandwick for Amdocs
Tel: +1-212-445-8373
E-Mail: gharwood@webershandwick.com
Source: Amdocs