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Upaid Launches Mobile Software Platform Version 4.0
 
  20th February 2002
   
Platform Offers Industry-unique Real-time Rating, Payment & Settlement Management Features
   
Open-Integration Platform Enables Network, Service & Business Independence for Mobile Operators and Next-Generation Wireless Service Providers
   
  (CANNES – February, 20, 2002 – 3GSM World Congress, Stand F1, Hall 2) – Upaid, a pioneer of real-time software solutions for next-generation pay-as-you-use voice, data and payment services to mobile operators, service providers and financial institutions, today announced the launch of Version 4.0 of the company’s unique software platform for advanced wireless applications.

Version 4.0 enables the deployment of seamless prepaid wireless roaming between traditional service node and Camel-enabled Intelligent Networks with Upaid™ OnTheMove, the company’s prepaid voice roaming application. Version 4.0 also includes both a UNIX and Windows version of the Upaid™ TechnoCore, the main engine of the platform, and enables multiple real-time applications of Upaid’s Solution Portfolio including Upaid™ GateWay for financial services interconnection & account recharge; Upaid™ ReadAndWrite for messaging & information services; Upaid™ Cash2U for person-to-person payments; and Upaid™ PocketMoney for m-Commerce, e-Wallet & micro-Payments. Version 4.0 also incorporates Upaid’s convenient end-user account management services, including account partitioning, budgeting and self-care features.

Heinz Brasic, CEO of Upaid, commented: “The launch of Upaid Version 4.0 is a giant leap towards our goal of enabling wireless service providers to launch voice, data and payment services on a pay-as-you-use basis. Version 4.0 is a demonstration of Upaid’s innovative power and resources to facilitate the convergence of mobile communications and payment services. With this major release, we fully commit Upaid’s technology roadmap to open industry standards like UNIX and CAMEL.”

Upaid Version 4.0 features unique, open interfaces designed for easy integration of 3rd party services and rapid deployment of Upaid applications. In addition to this service independence, the software also offers network independence for the deployment of wireless applications in any type of environment, including voice, IP and financial services. Real-time processing and settlement management of all types of wireless transactions offers business independence, giving wireless service providers the tools to launch new services within their core competences or expand into other sectors as the worlds of communications and financial services converge.

Background – Upaid Software Platform

As a pioneer of real-time software solutions for pay-as-you-use mobile applications, Upaid has engineered unique software solutions that can process multiple transactions, across multiple networks in real-time. The applications, deployed in conjunction with the Upaid™ TechnoCore, are designed to enable real-time payment and settlement management of transactions involving multiple services providers. This dramatically reduces the credit risk that wireless service providers run when partnering with other parties along the value chain to offer advanced mobile services to end-users.


Contact:

Mary Carol Harris
VP, Corporate Communications
Upaid Systems, Ltd.
Tel.: +33 (0)1 58 36 58 58
Mary Carol Harris
   
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