Smart.Net selects Comverse to support Brazilian benefit card processing
21 May 2007 | 488 views | 0
Comverse, a subsidiary of Comverse Technology and the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that Smart.Net, a leader in the benefit card processing industry, has selected the Comverse Kenan FX customer care, ordering and billing solution to extend the capabilities and maximize the revenue opportunity from its smartcards, which are used by the country's benefits industry.
"The Brazilian government mandates that employees receive assistance for transportation, food and meals. These benefits were previously allocated via paper vouchers. We replaced the voucher system with smartcards, which have numerous advantages," explained Cid Antão, CEO at Smart.Net. "Our transformation of this major business demanded an advanced billing solution that enables a smartcard to function in an innovative and sophisticated manner. The Comverse Kenan FX solution supports our specific and evolving requirements to value and charge our customers and partners for the multiple uses of the smartcard."
Optimized for the converging communications market, the modular Kenan FX framework provides an advanced set of customer lifecycle management software solutions — from ordering and activation to charging and payments — supporting a host of communication services: fixed, mobile and interactive. Kenan FX is widely deployed around the globe delivering attractive ROI to its clients.
"Smartcards will revolutionize the small payments industry in Brazil and open up exciting business opportunities," said Mr. Antão. "Backed by the flexible and feature-rich Comverse Kenan FX solution, Smart.Net can support the needs of our customers and seamlessly grow as we add other market segments, such as financial institutions."
"Comverse's Kenan billing platform, deployed extensively in the telco arena around the globe, also provides mission-critical transaction processing solutions for a wide variety of other types of service providers, including the benefits industry and smartcards," said Ramesh Barasia, President of Comverse Americas. "Kenan FX gives Smart.Net the flexibility necessary to handle complex commissioning scenarios demanded by the small payments industry and positions the company to expand operations into other markets."
Kenan FX is part of Comverse's billing portfolio, which increases market agility and improves operational efficiency. Comverse's convergerrged and real-time billing solutions support multiple services, networks and payment types, allowing businesses to build revenues and loyalty by providing customers with choice, convenience and control.