Amdocs Launches Cloud-Based Mobile Payments Solution

At Mobile World Congress 2012, Amdocs, the provider of customer experience systems, has 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.

The solution is based on Amdocs’ expertise where today it processes more than 250 million mobile payment transactions a year, totalling 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 and settle against all available payment methods such as postpaid bill, prepaid balance or mobile wallet.

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

“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.”