EverSystems, a pioneer in the development of secure mobile transaction solutions for the global wireless and financial services industries, announced recently the implementation of its Ev-MobilePayments platform with Telesp Celular, the largest wireless carrier in South America. With this development, EverSystems has established itself as a provider of choice for secure end-to-end m-commerce transaction capabilities.
The system, marketed by Telesp as Waaap Pag, allows users to conveniently and securely conduct micropayments, or small value payment transactions, via their WAP enabled wireless phone. Recent reports by IDC suggest the penetration of WAP enabled devices in the Latin American region will reach roughly 5.7 million in 2002.
Waaap Pag offers users of Telesp Celular’s ‘Baby’ and ‘Peg & Fale’ pre-paid wireless services the ability to rapidly recharge the value of their pre-paid minutes directly from their handset. Shortly, all Telesp Celular subscribers will enjoy the freedom and flexibility to purchase a wide variety of products and services, including items such as movie tickets, gas station fill-ups, as well as food from vending machines and restaurants – all with a simple phone call.
To use the service, subscribers initially log-in to the Waaap Pag website (http//www.waaap-pag.com.br) via the Internet and open an account by supplying either a Visa card or Bradesco bank account number. Once the account is in place, subscribers simply establish a browser connection with their WAP enabled device, then using the on-screen menu, select the desired options and input the transaction value. This value is then verified and charged against the account, and the appropriate amount is authorized to the device or at the point of sale.
To enhance the security of such mobile purchases, and to minimize the risks associated with handset loss and data interception, information is protected in all stages of the transaction. Users must provide a password to authorize each sale, and can opt for limitations on the volume, and the aggregate value, of transactions. Because the user’s personal financial information is not stored on the handset, nor broadcast over-air, risk from phone theft is further diminished.
“The implementation of EverSystems’ MobilePayments platform by a major carrier such as Telesp Celular represents a significant milestone in our strategic m-commerce deployment efforts,” stated Cristian G. Balbontin, COO of EverSystems’ North American operations. “As carriers in North America become increasingly interested in offering mobile payments functionality, both as a new channel of revenue and a point of differentiation for their subscribers, our mobile payments technology is a proven solution to meet their needs.”
Ev-MobilePayments technology provides flexibility to banks, cellular service providers and other parties interested in offering point-of-sale transactions across multiple channels. EverSystems’ advanced cryptography enables absolutely secure electronic transactions, using 128-bit encryption or greater, across a range of wireless devices including cellular phones and PDAs.
Founded in 1991, EverSystems is a leading provider of secure e-Banking solutions to financial services institutions throughout the Americas. With a broad range of proven products and solutions, EverSystems is dedicated to opening new channels and opportunities for financial relationship management. To date, the company has completed over 70 major deployments of its e-Finance technology, reaching nearly two million end users of clients such as Citibank, BankBoston, HSBC and Banco Santander Central Hispano. For additional information, please visit http//www.eversystems.com.Details