Encorus wins Simpay payments processing contract
05 April 2004 | 3780 views | 0
Encorus Technologies has won a multi-year contract to provide transaction processing for Simpay, the mobile payment scheme founded by Orange, Telefónica Móviles, T-Mobile and Vodafone.
Simpay said last month that it had completed developing the technical specifications for its first mobile payments product, which will focus on low value payments under ten euros. The service is scheduled to launch in Q1 2005.
The founding members of Simpay represent more than 280 million mobile phone subscribers worldwide and the group forecasts that it will enable over EUR1billion of extra transactions for the mobile phone industry by 2007.
The contract with Encorus covers the processing of mobile payments in both the US and Europe.
Tim Jones, CEO, Simpay, comments: "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."
Encorus was formed in November 2001 through the purchase of the former Brokat Technologies m-business group by electronic payments firm and First Data subsidiary, eONE Global.