iPIN Releases Stored Value Payment Solution for Mobile Commerce

Enhanced Stored Value Module Offered to Worldwide Mobile Operators



Apr 30, 2001, 01:00 ET from iPIN

    BELMONT, Calif., April 30 /PRNewswire/ -- iPIN, the e-Payment technology
 leader, announced today the launch of its Stored Value Module for M-Commerce.
 The enhanced stored value feature will enable mobile operators worldwide to
 offer their subscribers prepaid accounts to purchase goods anytime, anywhere
 within the wireless merchant community.  The iPIN Stored Value Module
 integrates seamlessly with operators while allowing their billing systems to
 remain untouched.  Utilizing this new payment option, operators can now
 deliver a cost-efficient payment platform with a faster time to market.
     The user-friendly prepaid option allows mobile subscribers to load their
 stored value accounts using credit cards, debit cards, cash or electronic
 checks.  Purchases are then debited from these accounts in real time.  Should
 users have insufficient funds, they will be prompted to reload their accounts
 at the point of sale in order to complete the transaction.  The subscribers'
 stored value accounts can be accessed via any Internet enabled device.
     The iPIN Stored Value Module for M-Commerce allows operators to bill and
 monetize the delivery of value added services such as content or event
 charging, or location-based information.  Operators benefit from additional
 M-Commerce revenue streams by earning a transaction fee each time a subscriber
 buys using their mobile phone or other wireless device.  Also, through
 offering the consumer additional value added services, operators have an
 opportunity to enhance customer loyalty.
     "While it's clear that European and Asian markets have long incorporated
 prepaid payment solutions into their mainstream offering, we're seeing that
 the prepaid concept is growing in the U.S., especially with carriers seeking
 to capture new market segments like teenagers.  The iPIN Stored Value Module
 for M-Commerce is a profitable way for operators to maintain growth rates and
 customer acquisition, and participate in M-Commerce, which until now, has been
 challenging to enter," said Alexandre Gonthier, Chief Technology Officer for
 iPIN.
     iPIN will soon be launching customized stored value solutions with France
 Telecom's mobile property, known as Orange, and British Telecom's Openworld
 division.  The Stored Value Module becomes yet another payment method in
 iPIN's e-Wallet.  Subscribers are presented with the iPIN stored value account
 at the point of purchase along with any other account a subscriber has access
 to such as a debit card, credit card or a monthly bill.
 
     iPIN
     iPIN (www.ipin.com) provides e-Payment technology to telecommunications
 companies, financial institutions, and merchants.  iPIN enables end-users to
 easily and securely pay for Web and wireless purchases using existing
 financial relationships, such as bank accounts, credit cards, debit cards, ISP
 and wireless bills, prepaid accounts, and cash.  iPIN's flexible, end-to-end
 payment solution contains payment modules that can be adapted to meet each
 customer's individual needs.  iPIN's service is offered as an ASP or a
 license.  A few of iPIN's customers include British Telecom, France Telecom,
 Club Internet, and Internet Gold among others.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X60271486
 
 

SOURCE iPIN
    BELMONT, Calif., April 30 /PRNewswire/ -- iPIN, the e-Payment technology
 leader, announced today the launch of its Stored Value Module for M-Commerce.
 The enhanced stored value feature will enable mobile operators worldwide to
 offer their subscribers prepaid accounts to purchase goods anytime, anywhere
 within the wireless merchant community.  The iPIN Stored Value Module
 integrates seamlessly with operators while allowing their billing systems to
 remain untouched.  Utilizing this new payment option, operators can now
 deliver a cost-efficient payment platform with a faster time to market.
     The user-friendly prepaid option allows mobile subscribers to load their
 stored value accounts using credit cards, debit cards, cash or electronic
 checks.  Purchases are then debited from these accounts in real time.  Should
 users have insufficient funds, they will be prompted to reload their accounts
 at the point of sale in order to complete the transaction.  The subscribers'
 stored value accounts can be accessed via any Internet enabled device.
     The iPIN Stored Value Module for M-Commerce allows operators to bill and
 monetize the delivery of value added services such as content or event
 charging, or location-based information.  Operators benefit from additional
 M-Commerce revenue streams by earning a transaction fee each time a subscriber
 buys using their mobile phone or other wireless device.  Also, through
 offering the consumer additional value added services, operators have an
 opportunity to enhance customer loyalty.
     "While it's clear that European and Asian markets have long incorporated
 prepaid payment solutions into their mainstream offering, we're seeing that
 the prepaid concept is growing in the U.S., especially with carriers seeking
 to capture new market segments like teenagers.  The iPIN Stored Value Module
 for M-Commerce is a profitable way for operators to maintain growth rates and
 customer acquisition, and participate in M-Commerce, which until now, has been
 challenging to enter," said Alexandre Gonthier, Chief Technology Officer for
 iPIN.
     iPIN will soon be launching customized stored value solutions with France
 Telecom's mobile property, known as Orange, and British Telecom's Openworld
 division.  The Stored Value Module becomes yet another payment method in
 iPIN's e-Wallet.  Subscribers are presented with the iPIN stored value account
 at the point of purchase along with any other account a subscriber has access
 to such as a debit card, credit card or a monthly bill.
 
     iPIN
     iPIN (www.ipin.com) provides e-Payment technology to telecommunications
 companies, financial institutions, and merchants.  iPIN enables end-users to
 easily and securely pay for Web and wireless purchases using existing
 financial relationships, such as bank accounts, credit cards, debit cards, ISP
 and wireless bills, prepaid accounts, and cash.  iPIN's flexible, end-to-end
 payment solution contains payment modules that can be adapted to meet each
 customer's individual needs.  iPIN's service is offered as an ASP or a
 license.  A few of iPIN's customers include British Telecom, France Telecom,
 Club Internet, and Internet Gold among others.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X60271486
 
 SOURCE  iPIN