 |
Press Release |
|
|
VeriSign Supports Visa Mobile Platform for Mobile Commerce Market
LONDON, March 29, 2007 – VeriSign, Inc., (NASDAQ: VRSN), the
leading provider of digital infrastructure for the networked world,
announced today that it has entered into an agreement with Visa International
to support the Visa mobile platform to advance the already fast-growing
mobile commerce market, through mobile marketing campaigns and point-of-sale
redemption of mobile offers.
“The Visa mobile platform provides mobile operators
and financial institutions the opportunity to rapidly develop new mobile
services utilising the unique interactive features of handsets,” said
Patrick Gauthier, senior vice president, innovation, Visa International.
“We are excited to be working with VeriSign to combine secure payments
with value-added promotional services. Our collaboration is designed
to enable consumers to receive promotions and information relevant to
their purchase experience anywhere via their mobile phones.”
As a result of the agreement, Visa will provide mobile
offer management capabilities including the delivery of mobile coupons
by leveraging VeriSign’s content delivery services. VeriSign will enable
Visa, its members and merchants to create customised campaigns, mobile
offers and promotion programs. Additionally, the service will help marketers
understand the performance of their mobile campaigns potentially resulting
in better returns on marketing dollars spent.
“Consumers are driving demand for new mobile commerce
services and applications. They need to be able to access information
and make purchases in a secure environment anywhere and on any device,”
said Brian Matthews, vice president of industry marketing -- financial
services, VeriSign. “We are excited to help Visa deliver the most compelling
mobile payment experience.”
According to forecasts from a recent Juniper report,
2009 and 2010 will represent the start of the wider adoption of mobile
payment applications and services and will result in close to $1 billion
worth of worldwide payments being made via mobile by 2010.
About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), operates the digital infrastructure that
enables and protects billions of interactions every day across the world’s
voice, video and data networks. Additional news and information about
the company is available at www.verisign.eu.
For more information, contact
VeriSign Media Relations: Victoria Henry, vhenry@verisign.com
+44 (0) 20 8600 0723
Weber Shandwick for VeriSign: Catriona Jackson, VerisignLondon@webershandwick.com
+44 (0) 20 7 067 0289
VeriSign Investor Relations: Nancy Fazioli, ir@verisign.com,
650-426-5146
Forward-Looking Statement
Statements in this announcement other than historical data and information
constitute forward-looking statements within the meaning of Section
27A of the 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 the inability of VeriSign to successfully
develop and market new products and services and customer acceptance
of any new products or services, including VeriSign Digital Content
Services; the possibility that VeriSign’s announced new services may
not result in additional customers, profits or revenues; and increased
competition and pricing pressures. More information about potential
factors that could affect the company's business and financial results
is included in VeriSign's filings with the Securities and Exchange Commission,
including in the company's Annual Report on Form 10-K for the year ended
December 31, 2005 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.
# # #
|
|
