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Press Release |
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VeriSign Wireless Commerce Suite Enables Next-Gen Services
Features Enhanced PrePayIN Service, New Proprietary Settlement and
Exchange Services and Next-Generation Billing and OSS Service
MOUNTAIN VIEW, California – 16.11.05 – VeriSign, Inc. (Nasdaq:
VRSN), the leading provider of intelligent infrastructure services for
the Internet and telecommunications networks, today announced the VeriSign
Wireless Commerce Suite, a set of converged services designed to help
wireless carriers speed the delivery of next-generation communications,
commerce and content solutions.
The VeriSign Wireless Commerce Suite provides unique
capabilities for provisioning a wireless user and device, port the user’s
mobile number, push intelligently formatted content to the device, mediate
the event, settle revenue with content partners, bill for the services,
replenish prepaid usage, process a secure payment and enable seamless
customer care.
‘Mobile operators are building next-generation networks
to better compete, mitigate churn and offer 3G services,’ said Vernon
Irvin, executive vice president and general manager, VeriSign Communications
Services. ‘The Wireless Commerce Suite can help carriers add services
and deliver a unified consumer experience—without forcing them to make
large capital outlays or lose focus on more critical business priorities.’
According to a recent Yankee Group report1,
businesses around the world will spend more than $10 billion (£5.8 billion)
this year on software services and infrastructure to create more efficient
order-to-cash-to-care processes. Operators are betting IT investments
will help them decrease operating expenses and improve customer services,
and they are using IT investments to execute strategies to build customer
loyalty and give them a competitive advantage.
The VeriSign Wireless Commerce Suite creates an order-to-cash
system for provisioning, billing, content delivery and settlement of
wireless services. It provides the ability to combine post- and
pre-pay functions for voice, data and content, which helps carriers
offer consumers pay-per-use and pay-in-advance options. The suite
also features a common interface for subscriber management from initial
activation to adding and upgrading features, and provides consolidated
billing statements.
‘As one of the first wireless service operators to
deploy an all-digital, 3G network that currently serves nearly 2 million
subscribers across the USA, MetroPCS sees value in using many of the
services that are in the VeriSign Wireless Commerce Suite,’ said Braxton
Carter, Chief Financial Officer, MetroPCS. ‘Over the years, VeriSign
has helped us differentiate our offerings, handle rapid growth and become
a driving force in the industry.’
‘Carriers who use VeriSign Billing and OSS and PrePayIN
will be able to provision a customer with their own postpay plan and
a prepay plan for their teenager. Furthermore, they allow mobile operators
to sell, provision and distribute mobile content and manage multiple
accounts through a single interface,’ said Irvin.
The VeriSign Wireless Commerce Suite is offered as
a service bureau solution that leverages VeriSign’s world-class operating
facilities which enable and protect more than 14 billion transactions
per day for Internet and telecommunications networks. The services,
which can be sold separately or bundled for operators who prefer a comprehensive
managed solution, are:
- VeriSign PrePayIN: Real-time rating, charging and billing application
for voice and data services which run on commonly used platforms and
can be integrated into legacy and next-generation networks. Service
is designed to handle growth and facilitate timely deployment of services.
When combined with VeriSign Billing and OSS services, carriers can provide
mobile content, prepaid and postpaid plans, and manage multiple accounts
using a single interface.
- VeriSign Settlement and Exchange Services: Proprietary
services that simplify tracking and settling of roaming services by
consolidating roamer data and facilitating payment. Flag and identify
call record disparities so charges are correctly processed, a key component
in revenue assurance. Enable settlement with Financial Net Settlement
members or with VeriSign NetSelect™ , a service which allows CIBER carriers
to conduct financial settlement directly with roaming partners.
- VeriSign® Billing and OSS: Related services feature six functional
life cycle components—content and applications, provisioning, mediation,
pricing and billing, payments and customer care—designed to improve
accuracy and timeliness of settlements, billing and receipts, and help
companies address key needs so they can focus on providing quality services
and customer care.
- VeriSign Mobile Content and Commerce Services: Managed services
that enable effective distribution, digital rights management, copyright
clearing and financial settlement for mobile content offerings, and
allow service providers to deliver innovative services and related revenue.
VeriSign provides the trusted middleware which can help reduce the complexity
of managing the mobile content value chain.
- VeriSign Wireless Number Portability: A service-bureau option, VeriSign manages
connections to regional Number Portability Administration Centres and
maintains the hardware and software required for number portability.
This platform includes the VeriSign NP Data Access service, the VeriSign
NP Service Order Administration service and fully-integrated wireless
services for the Inter-Carrier Communications Process (ICP) and Local
Service Requests.
About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), operates intelligent infrastructure services
that enable and protect billions of interactions every day across the
world’s voice and data networks. Additional news and information about
the company are available at .www.verisign.co.uk.
Trademarks
VeriSign, and other trademarks, service marks and logos are registered
or unregistered marks of VeriSign, Inc. and its subsidiaries in the
United States and in foreign countries. ©2005 VeriSign UK Ltd. All rights
reserved.
For more information, contact:
VeriSign Media Relations: Lori Sinsley, lsinsley@verisign.com,
001 650-426-4716
VeriSign Media Relations: Tom McCallum, tmccallum@verisign.com,
001 650-426-3744
Statements in this announcement other than historical
data and information constitute forward-looking statements within the
meaning of Section 27A of the United States Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These statements
involve risks and uncertainties that could cause VeriSign's actual results
to differ materially from those stated or implied by such forward-looking
statements. The potential risks and uncertainties include, among others,
the uncertainty of future revenue and profitability and potential fluctuations
in quarterly operating results due to such factors as increasing competition
and pricing pressure from competing services offered at prices below
our prices and market acceptance of our existing services, the inability
of VeriSign to successfully develop and market new services and the
uncertainty of whether new services as provided by VeriSign will achieve
market acceptance or result in any revenues. More information about
potential factors that could affect the company's business and financial
results is included in VeriSign's filings with the US Securities and
Exchange Commission, including in the company's Annual Report on Form
10-K for the year ended December 31, 2004 and quarterly reports on Form
10-Q. VeriSign undertakes no obligation to update any of the forward-looking
statements after the date of this press release.
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