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WirelessDevNet.com Press Release
Cricket Selects Valista's Managed Payments Service to Power Its Off-Deck Mobile Content Business
DUBLIN, IRELAND and SAN MATEO, CALIF. – December 6th, 2006 - Valista (www.valista.com), the leading, independent provider of merchandizing, payments, settlement solutions and managed services, accelerating the growth of digital commerce, today announced that Cricket Communications, Inc, a leading U.S. based provider of unlimited wireless services, has selected Valista's next generation Managed Payments Service to enable its off-deck mobile content business. Valista's payments service ensures that consumers are aware of exactly what they are paying for when purchasing content off-deck (from a third-party). The service includes real-time authentication and authorization, which prevents unsolicited charging and provides robust transaction management, high throughput support and superior partner settlement.
"One of our key initiatives is to allow Cricket customers to participate in the wide choice of premium off-portal content available in the marketplace today," said Larry Atwell, director of product development at Cricket. "The Valista Premium Billing Solution is a key component to making this happen. Valista's solution allows easy integration with content aggregators, real-time billing for premium content, partner settlement tools, and business intelligence reporting, as well as online content purchase history for customer care and the user. Opening up premium off-portal content is a win-win for the entire ecosystem: the customer, the content provider, the aggregator and the carrier."
Valista's Managed Payments Service will act as a bridge between external aggregators, content providers and Cricket's internal billing infrastructure. The service utilizes Valista's industry leading payments technology (Valista PaymentsPlus™) and its advanced revenue sharing and settlement solution (Valista SettlementPlus™). It is a hosted model run as a managed service, with US and European-based secure data centers providing 24X7access to support personnel.
According to Raomal Perera, CEO of Valista, "Valista's Managed Payments Service for Operators controls access to the billing infrastructure with transactional, standards-based APIs. It helps prevent revenue leakage with real-time authentication and authorization, refund management and integration to financial systems. It also provides comprehensive settlement and reconciliation services allowing automated, accurate settlement calculations with all partners and supports refunds and reversals automatically reflected in settlement statements."
Valista has a proven track record in providing managed services on behalf of such key customers as AT&T in the USA. The Managed Payments Service is based on the award winning Valista payments and settlement platforms, already in use by some of the world's largest mobile operators including Vodafone UK, NTT DoCoMo, France Telecom, 3 and Orange.
About Cricket®
Cricket is a simple, affordable mobile phone service offering customers and local businesses flat-rate, unlimited service over a high-quality, all-digital wireless network. Designed for customers under-served by traditional communications companies, Cricket is the pioneer of unlimited minutes with no long-term commitments or credit checks required. Cricket offers customers access to a variety of the latest handsets and feature-rich mobile applications such as unlimited text, instant and picture messaging, popular games, ringtones and wallpapers. For more information on Cricket visit www.mycricket.com. Cricket is offered by Leap Wireless International, Inc., headquartered in San Diego, Calif. For more information on Leap, visit www.leapwireless.com.
About Valista® Ltd.
Valista accelerates the growth of digital commerce with comprehensive merchandizing, payments and settlement solutions. The company enables mobile, fixed line, cable operators, MVNOs, ISPs, portals, media companies and aggregators to support the entire commerce ecosystem including end-to-end transaction management; advanced settlement; multi-merchant bundling, discounting, promotions and loyalty programs. Valista offers a wide range of implementation options: deploying best of breed application software, assisting with consulting and integration or delivering a complete managed services offering.
Valista's technology and services have been proven globally with innovators including: Cricket Communications, AOL; Vodafone; NTT DoCoMo; France Telecom's w-HA, Orange; 3; mBlox, Hong Kong CSL; Hutch Sri Lanka, Mobilink, Telcel, and GTECH.
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Valista® and 'accelerating commerce™' and 'new ways to purchase with multiple ways to pay™' 'payments software enabling the purchase of premium services™' 'PaymentsPlus', 'OffersPlus', 'SettlementPlus' are registered trademarks and trademarks of Valista Limited. All other trademarks and registered trademarks referenced in this document are the property of their respective owners.
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