TEL-AVIV, Israel, December 2 /PRNewswire/ -- Trivnet, provider of the most powerful transaction management platform for delivering secured Mobile Financial Services (MFS), announced today that it has increased its footprint in Latin America, marking the beginning of a series of deployments which will be disclosed in the near future. Today it was revealed that, in conjunction with Comverse, Trivnet will expand service with Telesur in Suriname to build a complete Mobile Financial Services (MFS) Distribution Network. Comverse has already deployed Trivnet's platform at Telesur in 2007, providing an airtime recharge and person to person (P2P) value transfer service that has meanwhile achieved some of the highest P2P transfer usage rates in the world.

"Latin America is a dynamic market and we will continue to expand in the region," commented Amit Mattatia, CEO of Trivnet. "Trivnet provides mobile network operators (MNOs) with the opportunity to deliver a comprehensive suite of branded MFS that increase loyalty and generate significant revenue. As competition for money transfer and payments heat up, MNOs should leverage their inherent advantages, such as airtime distribution networks and prepaid user recharge habits, to take a leadership role in this emerging industry, working closely with those banking partners who understand the value of MFS and the unique assets MNOs have in this space."

About Trivnet http://www.Trivnet.com

Trivnet provides the most powerful transaction management platform to deliver a comprehensive suite of secured Mobile Financial Services (MFS). By enabling the creation of an MFS eco-system, Trivnet provides Mobile Network Operators with services that are proven to increase their subscriber base, enhance loyalty and drive ARPU.

Trivnet's carrier grade TRIV Platform (TM) is already deployed in operator networks all around the world. The company has close relations with leading banks, system integrators, service providers, security vendors and merchant networks.

Founded in 1997, privately owned, and the partner of choice in leading MFS eco-systems around the world, Trivnet is all about MAKING MONEY MOBILE.

About Comverse http://www.Comverse.com

Comverse is the world's leading provider of software and systems enabling value-added services for voice, messaging, mobile Internet and mobile advertising; converged billing and active customer management; and IP communications. Comverse's extensive customer base spans more than 130 countries and covers over 500 communication service providers serving more than two billion subscribers. The company's innovative product portfolio enables communication service providers to unleash the value of the network for their customers by making their networks smarter. Comverse's solutions support flexible deployment models, including in-network, hosted and managed services, and can run on circuit-switched, IP, IMS or converged network environments. Comverse is a subsidiary of Comverse Technology, Inc. (CMVT.PK). For more information, visit http://www.comverse.com.

    Trivnet Media Contact:
    Stacy Fassberg
    stacy@trivnet.com
    +972-544-234-976

SOURCE Trivnet

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