| 6th April 2004 - Encorus, a leading mobile payments
services company majority owned by First Data Corp, has
today been announced as Simpay’s transaction processor
in a multi-year deal covering both Europe and the United
States. Simpay, the consumer m-payment brand formed by
Orange, Telefónica Móviles, T-Mobile and
Vodafone in 2003, along with Encorus’ processing
capabilities will make large-scale m-commerce a reality.
The Founding members of Simpay represent more than 280
million wireless subscribers worldwide. Simpay’s
commercial launch is scheduled for the first quarter of
2005.
Encorus’ m-commerce knowledge and expertise coupled
with First Data’s scale and processing experience
met Simpay’s requirements for interoperability,
revenue sharing and scalability. Encorus is the only
company providing total m-payment solutions worldwide
– m-payments software, mobile merchant acquisition
services and transaction processing.
“The history of the mobile phone industry demonstrates
that major business volume comes when customers have
the freedom to reach across and interact with any network,”
comments Tim Jones, CEO, Simpay. “Our mission is
to deliver that freedom in the field of mobile payments,
and our agreement with Encorus is fundamental to achieving
this mission. 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.”
“This is great news for Encorus and mobile payments
in general,” said Garen Staglin, Encorus Chairman.
“Encorus’ knowledge and expertise will support
Simpay’s mission, helping to make m-payments a
reality for millions of consumers around the world.
We are delighted to play such a significant role in
the future of m-payments. This new partnership emphasises
our leadership in the m-payments sector."
Simpay brings together consumers, mobile operators
and merchants to deliver convenient and accessible m-payments
across national borders. The initiative has captured
the imagination of the mobile industry and 3, debitel,
Elisa (previously Radiolinja), KPN Mobile Group, Mobilkom,
O2, Optimus, SFR, TeliaSonera and TMN have already expressed
interest in joining.
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