make micropayments using their WAP enabled phone
Miami, FL- June 13, 2001: EverSystems, (www.eversystems.com)
a pioneer in the development of secure mobile transaction solutions for the
global wireless and financial services industries, announced recently the
implementation of its Ev-MobilePayments platform with Telesp Celular, the
largest wireless carrier in South America. With this development,
EverSystems has established itself as a provider of choice for secure
end-to-end m-commerce transaction capabilities.
The system, marketed by Telesp as Waaap Pag, allows users to conveniently
and securely conduct micropayments, or small value payment transactions, via
their WAP enabled wireless phone. Recent reports by IDC suggest the
penetration of WAP enabled devices in the Latin American region will reach
roughly 5.7 million in 2002.
Waaap Pag offers users of Telesp Celular's 'Baby' and 'Peg & Fale'
pre-paid wireless services the ability to rapidly recharge the value of their
pre-paid minutes directly from their handset. Shortly, all Telesp Celular
subscribers will enjoy the freedom and flexibility to purchase a wide variety
of products and services, including items such as movie tickets, gas station
fill-ups, as well as food from vending machines and restaurants - all with a
simple phone call.
To use the service, subscribers initially log-in to the Waaap Pag website (www.waaap-pag.com.br)
via the Internet and open an account by supplying either a Visa card or
Bradesco bank account number. Once the account is in place, subscribers
simply establish a browser connection with their WAP
enabled device, then using the on-screen menu, select the desired options
and input the transaction value. This value is then verified and charged
against the account, and the appropriate amount is authorized to the device or
at the point of sale.
To enhance the security of such mobile purchases, and to minimize the risks
associated with handset loss and data interception, information is protected in
all stages of the transaction. Users must provide a password to authorize
each sale, and can opt for limitations on the volume, and the aggregate value,
of transactions. Because the user's personal financial information is not
stored on the handset, nor broadcast over-air, risk from phone theft is further
"The implementation of EverSystems' MobilePayments platform by a major
carrier such as Telesp Celular represents a significant milestone in our
strategic m-commerce deployment efforts," stated Cristian G. Balbontin,
COO of EverSystems' North American operations. "As carriers in North
America become increasingly interested in offering mobile payments
functionality, both as a new channel of revenue and a point of differentiation
for their subscribers, our mobile payments technology is a proven solution to
meet their needs."
Ev-MobilePayments technology provides flexibility to banks, cellular service
providers and other parties interested in offering point-of-sale transactions
across multiple channels. EverSystems' advanced cryptography enables
absolutely secure electronic transactions, using 128-bit encryption
or greater, across a range of wireless devices including cellular phones and
Founded in 1991, EverSystems is a leading provider of secure e-Banking
solutions to financial services institutions throughout the Americas.
With a broad range of proven products and solutions, EverSystems is dedicated
to opening new channels and opportunities for financial relationship
management. To date, the company has completed over 70 major deployments
of its e-Finance technology, reaching nearly two million end users of clients
such as Citibank, BankBoston, HSBC and Banco Santander Central Hispano.
For additional information, please visit www.eversystems.com.