Press Release |
 
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MACH to provide Financial Clearing & Settlement services to eBIZ.mobility - the global online payment processing channel
Publication: 13.11.2007
- Telecoms operators can now offer their subscribers a profitable global online payment processing channel
Luxembourg, 13th November, 2007– MACH, the leading global clearing and settlement partner for mobile-based transactions, today announced that it will provide Financial Settlement services for eBIZ.mobility's unique OneTouch Online Purchasing™ solution for digital payments.
OneTouch Online Purchasing™, the innovative online payment processing service, gives trusted service providers including telecom operators, banks and ISPs the ability to provide consumers with an easy, fast and secure multi-device payment option for content downloads. Purchases are charged directly to consumers' existing accounts via their service provider, either as pre or post-paid.
OneTouch Online Purchasing™ is the only online payment processing service that enables service providers to authenticate users directly. Only the service provider is aware of the identity of each consumer, resulting in high level privacy and security for online buyers.
Based on patent-pending Federated Payment™ technology, the OneTouch Online Purchasing™ payment system complements the service provider’s existing content billing infrastructure, through a simple interface. By adding some simple code extracts to a payment page, online merchants can immediately increase their sales from an expanded base of potential customers including those without credit cards, or those who prefer not to use them online.
OneTouch™ also enables trusted service providers such as mobile operators to become a global payment processing service for their subscribers, as it eliminates the need to establish or maintain a direct relationship with online merchants.
Bruno Pagliuca, Senior Vice President Financial Clearing at MACH, commented, “The agreement with eBIZ.mobility represents our willingness to lead by example in the evolving telecoms industry. We have been working with eBIZ.mobility since 2005 and their clear strategic vision, and innovative technology has earned our trust.
We believe that eBIZ.mobility’s OneTouch Online Purchasing™ payment system will generate more revenue for operators, as the exploding market for content downloads continues to move to the open web at the expense of walled gardens. It offers a way for our mobile operator clients to stave off the threat of becoming low margin bit pipes and offers a lucrative alternative payment channel,” Pagliuca continued.
Jeremy Kagan, eBIZ.mobility’s CEO, noted, “MACH’s proven reliability and broad reach to the majority of mobile operators worldwide makes them the best partner for providing financial settlement to participating federated merchants. This is a partnership that we are confident will benefit our customers as we continue to expand the OneTouch Federation.”
ENDS
Enquiries
MACH:
Sophia Bødiker
Global Marketing Project Manager
spa@mach.com
+45 45902024
eBIZ.mobility Ltd:
Mirit Reif
Marketing Manager
mirit.reif@ebizmobility.com
+972 2 999 3881
About MACH
MACH is the leading global clearing and settlement partner for mobile based transactions, known in North America as MACH Cibernet. We help telecommunications companies and enterprises across the World to secure and develop existing and new revenue streams. We specialise in outsourced solutions within roaming clearing and billing, Interconnect and WLAN. In addition, we deliver mobile content services through the independently operating brand End2End as well as EDI under the PROGRATOR|gatetrade brand. Our global client base comprises the leading international telecommunication companies, including established national operators on five continents and new licensees worldwide. With approximately 700 employees and offices in 12 countries throughout the World, we combine global expertise and operations with local knowledge in each of our markets. For further information please visit www.mach.com
About eBIZ.mobility
eBIZ.mobility is the creator and developer of the award winning OneTouch Online Purchasing™ service. Using OneTouch, consumers can buy digital content using their computer or mobile phone, and charge it to a billing account with the service provider of their choice. Identity theft and credit-card fraud are eliminated; service providers increase their profits from payment processing; and content merchants increase their profit margins and reduce 'revenue leakage'.
eBIZ.mobility's leading edge solution has earned recognition by the Liberty Alliance as the innovation that will propel the online commerce market forward. OneTouch Online Purchasing, Federated Payment and eBIZ.mobility are trademarks of eBIZ.mobility LTD. All other trademarks are the property of their respective owners.
For further information, please visit www.onetouchpurchasing.com and
www.ebizmobility.com
