Jerusalem, Israel, 27 April,
2004
eBIZ.mobility
LTD,
developers of the revolutionary M-Commerce Roaming
Mediation
Gateway (RMG™) that allows travelers to perform
mobile payment
transactions and to purchase data services across
international
boundaries has joined PayCircle,
a
global, vendor-independent non-profit organization
that focuses
on accelerating the use of payment technology and
developing
and adopting open payment APIs (uniform Application
Programming
Interfaces).
As a participant in PayCircle, whose members include
CSG Systems,
Oracle, SIEMENS AG, Amdocs and Comverse, eBIZ.mobility
will
actively contribute to, and help shape the growth
of the mobile
payments industry, including the creation of PayCircle
payment
APIs, and early adoption of the specification.
By creating business alliances through association
with other
innovative member companies, eBIZ.mobility will bring
a
comprehensive m-commerce roaming solution to market.
eBIZ.mobility's M-Commerce Roaming Mediation Gateway
(RMG)™ provides a standards based solution to the interoperability
and ease-of-use barriers faced by travelers who wish
to perform
mobile payment transactions and to purchase data
services across
international boundaries.
By addressing the mobile telecommunication industry's
need
for reliable authentication, application security,
and
inter-operator roaming, network operators can now
expect to
drive m-commerce services to widespread adoption
by both
merchants and consumers.
With more than a billion GSM mobile phone subscribers
worldwide as of 22 February, 2004 (according to the
GSM
Association), the Tower Group projects that by 2007,
1 billion macropayment transactions and 25 billion
micropayment
transactions will be conducted via mobile phone annually.
According to a leading wireless telecommunications
consultancy
(BWCS, based in the UK), the mobile payment market
is at the
beginning stage of what is projected to become a
$380 billion
industry by 2010. The European Telecommunication
Standards
Institute reports that roaming (i.e. using mobile
phones across
borders) accounts for 10% of all mobile traffic.
eBIZ.mobility was founded in April 2003 by international
experts in telecommunications networks and operations,
and
systems development. Since then the company has consistently
met its business targets and is on track to deliver
its
innovative solution to the marketplace as planned.
Based on SS7 signaling, the patent pending system
provides
compatibility between mobile network operators that
use
different network, service, payment and billing systems.
It
is significantly more secure, reliable, and predictable
than
any other technology available today.
For more information
contact:
Jeremy Kagan, CEO, eBIZ.mobility LTD
Telephone: +972-57-500-997
Fax: +972-2-999-4339
jeremy.kagan@ebizmobility.com
http://www.ebizmobility.com
Address:
15 Hashoshan Street
Nofei Aviv
Bet Shemesh 99590
Israel
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