|| (LONDON – April, 23, 2002 – Billing Systems 2002, Stand B17) – Upaid, a pioneer of real-time software solutions for next-generation pay-as-you-use roaming, data and payment services to mobile operators, service providers and financial institutions, today announced the launch of the company’s real-time rating solution for mobile lottery services – Upaid™ Bet&Win.; The application interacts with Upaid’s real-time billing engine – the Upaid™ TechnoCore – to enable m-wallets for real-time authorized, pay-as-you-use m-lottery services. Upaid plans to market the new application to content providers seeking to offer m-lottery services across either single or multiple mobile networks.
Interacting seamlessly with the Upaid™ TechnoCore, Upaid™ Bet&Win; supports real-time authorization, rating and debiting of m-wallets enabled by the TechnoCore, which maintains subscriber and m-wallet balance information, including details of m-lottery players’ winnings and losses. The system and also features Web portal functionality for advanced customer self-care, including end-user profiling, updating and m-wallet account consultation on-line. End-users can personally customize their m-wallets by allotting certain amounts of money for m-lottery transactions, setting spending limits and topping up their m-wallets from another account, whether a prepaid or postpaid mobile, bank or credit card account.
Heinz Brasic, CEO of Upaid, commented on how Upaid™ Bet&Win; exemplifies the flexibility of Upaid’s m-payment and roaming platform for pay-as-you-use mobile services: "Upaid’s rich service offering meets the needs not only of mobile operators, but also of content providers seeking to play a leading role in the mobile services value chain. Upaid’s innovative capacity to bundle our modular applications, such as Bet&Win; for real-time rating of m-lottery services, with our TechnoCore and other solutions enables us to meet the needs of a variety of wireless service providers and bears witness to the openness of our platform."
Upaid’s modular roaming and mobile payment platform is engineered to enable wireless service providers to launch any application in the Upaid Solution Portfolio in conjunction with the platform’s main engine – the Upaid™ TechnoCore. The platform’s open interfaces support deployment in any environment, making it a powerful business tool for offering value-added m-payment and roaming services to mobile end-users. Service providers can choose the applications relevant to their business models and deploy Upaid solutions rapidly and cost-effectively.
Upaid’s new m-lottery rating solution responds to a lucrative, emerging market in the mobile services industry. Already, the percentage of individuals who regularly play the lottery exceeds 65 percent in most European countries. Coupled with the high penetration of wireless end-users across Europe, Upaid believes that m-lottery applications will enable content providers and mobile operators to expand service portfolios and tap new sources of revenue. In the Netherlands alone, for example, 70 percent of the population play the lottery regularly, while 75 percent of the Dutch are mobile end-users.
Mary Carol Harris
VP, Corporate Communications
Upaid Systems, Ltd.
Tel.: +33 (0)1 58 36 58 58
Mary Carol Harris