ADC and Network365 Team to Offer New Mobile Payment System

Jan 17, 2003

ADC and Network365 have announced a joint initiative to co-market an end-to-end mobile payment solution that helps generate additional revenue for mobile operators.  The ADC/Network365 solution is designed to enable "always on," secure m-commerce transactions between operators, banks, and service providers which then allows subscribers to use an expanded range of payment options. This broader selection of personalized payment choices offers consumers simplified and secure mobile transactions, designed to increase broader acceptance and create new revenue opportunities for operators. The ADC/Network365 solution integrates ADC's Singl.eView dynamic transaction platform and Network365's mzone product suite. It provides the mobile operator with encrypted and stored data on a subscriber's credit cards, debit cards, bank accounts, and other purchasing information for payment across various usage criteria, such as service type, volume, content, and day part. Operators will then be able to offer the option of letting subscribers pay for goods and services and posting these charges to their mobile telephone bill. Subscribers can make payments using any variety of accounts and customized payment options, shipping addresses and other information. The solution can be used for both consumer and enterprise applications.

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