Amdocs and Trivnet team on mobile money services

Source: Amdocs

Amdocs (NYSE: DOX), the leading provider of customer experience systems, announced today the availability of the Amdocs Mobile Money Hub, a SaaS (Software as a Service)-based solution for enabling service providers to support any payment or banking process over the mobile phone in real time.

Partnering with leading enabler of mobile money services - Trivnet, the Amdocs Mobile Money Hub combines technology from Trivnet with Amdocs' implementation and integration expertise and data center facilities around the world.

"In today's digital lifestyle, it's a natural extension to utilize the mobile handset for financial transactions. The key is to ensure the user experience is positive and the underlying infrastructure supports such transactions in a totally secured fashion," said Michael Couture, head of Global Marketing at Amdocs. "With the Amdocs Mobile Money Hub, service providers can now differentiate their offering and capitalize on the mobile money services market potential, at a low risk and at a low initial upfront investment."

The Amdocs Mobile Money Hub is powered by Trivnet's TRIV Platform(TM). The Trivnet technology allows service providers to offer their customers the ability to perform various financial transactions, such as money transfers, mobile commerce, and mobile banking, from all types of mobile phones, as well as over the Web, IVR (interactive voice response) or any other access method available to customers. Services are conducted in a fully secured environment, allowing service providers to adhere to the strictest financial and security standards and regulations, including ISO 8583, Know-Your-Customer (KYC), and Anti-Money-Laundering (AML).

The Amdocs Mobile Money Hub is connected to global banking partners that provide the necessary foreign exchanges and inter-bank settlement services for cross-border money transfers. "Together with Amdocs we are offerings one of the leading mobile money solutions available on the market today to allow mobile service providers a quick and easy entry into the lucrative field of mobile financial services," said Amit Mattatia, president and chief executive officer at Trivnet. "The direct connection to cross-border and cross-network sources and destinations for money transfers will play a major role in driving service uptake and subsequent growth in the mobile money ecosystem."

The Amdocs Mobile Money Hub can be rapidly deployed. The underlying scalability of the solution allows service providers to readily add subscribers, services, and cross-border affiliations serving as cash in/cash out points, and support growing transaction volumes under an attractive, pay-as-you-grow, SaaS pricing structure. All services carry the service provider's brand, are configured to the provider's requirements and are localized to the finest details.

Comments: (1)

John Dring
John Dring - Intel Network Services - Swindon 27 July, 2009, 09:50Be the first to give this comment the thumbs up 0 likes

Cool.  Its good to see this hit the streets, glueing the banking and telco sectors together.