Encorus Technologies, a leading mobile payments software and services company, launched an enhanced version of its market-leading wallet software. An operating company of First Data, Encorus enables operators to immediately start generating revenues from mobile payment (m-payments) with PaymentWorks Mobile 2.6.
Mobile operators can capitalize on the short-term revenue opportunities offered by micro-payments, via a Stored Value Account or direct to the phone bill, and at the same time offer macro-payments with minimum integration. The new Stored Value System module of the Encorus PaymentWorks Mobile 2.6 m-payments platform makes this possible.
Leading independent industry analysts emphasize the importance of micro-payments as a revenue-generating mechanism. “Enabling subscribers to make simple micro-payment transactions in a way that suits them has bottom-line benefits,” commented Phil Taylor, senior analyst, Strategy Analytics. “An operator’s ability to extract revenues from early m-commerce implementations, typically electronic downloads, will be crucial to the take-up of enhanced m-commerce services.”
The integration of a Stored Value System, a feature allowing consumers more control over their spending, makes Encorus PaymentWorks Mobile the most complete and robust m-payments platform available. It also supports both multiple micro- and macro-payment instruments straight out of the box.
Encorus PaymentWorks Mobile 2.5 offered flexibility, security and interoperability features developed due to Encorus’ relationships with leading m-payments standardization bodies. The wallet boosts the attractiveness of m-commerce to operators, retailers and consumers by connecting any customers, over any network, to any merchant reaching critical mass quickly.
Encorus PaymentWorks Mobile 2.6 goes further by enabling operators to:
- Accept the complete range of micro- and macro-payment instruments
- Support all payment scenarios
- Offer intuitive user interfaces and convenient, secure access
- Link modules to existing billing and payment platforms in operators, merchants and financial services companies.
“We’ve enhanced our wallet because our work with nine operators in six countries confirms there is consumer demand for basic m-commerce services now,” said Josef Ellmauer, CEO, Encorus Technologies. “The immediate imperative is for operators to increase revenues by introducing new services. PaymentWorks Mobile 2.6 is built with the short- and the long-term in mind, opening revenue streams today and tomorrow as m-commerce evolves.
“Incredible commercial and political will has now amassed to drive m-payments forward PaymentWorks Mobile 2.6 catapults operators into a prime position to leverage this support and increase their revenues,” Ellmauer concluded.
Encorus is active across the m-commerce value chain and is the only company to offer m-payments software, transaction processing and merchant acquiring services.
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