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Valista®
Wins Top Award at Wall Street Journal Innovation Awards
Valista’s payments technology wins the overall Gold Award
for Business Application and the Business Finance Award
Dublin, Ireland – December 5th 2003 – Valista, the
company which will be formed by the merger of Network365 and iPIN,
today announced that it has won two awards - the overall Gold
Award in the Business Application category and the Business Finance
Award - at the Wall Street Journal Europe Awards for Innovation
(www.dowjones.com/european-innovation), in association with Accenture.
Valista (www.valista.com), the world’s leading provider
of payments software for electronic and mobile commerce, has deployed
its payments technology globally with leading operators such as
NTT DoCoMo, 3, Vodafone UK, France Telecom’s w-HA, and Hong
Kong CSL.
Over 250 applications were submitted for this year's awards,
which aim to honor individuals, companies and organisations that
have developed new ideas, products, methods or technologies that
improve quality of life or enhance productivity. To decide the
three top winners, the judges examined how far each innovation
went beyond marginal improvements to an existing idea. Among the
other winners were such names as SAP, Germany, Siemens IC Networks
and Celpay Holdings in the Netherlands.
“The European Innovation Awards are designed to recognize
and honor the innovative achievements of European companies. The
high quality of this year's entrants meant that the winners had
to be more impressive and innovative than ever," said
Frederick Kempe, Editor and Associate Publisher, The Wall Street
Journal Europe. "The judges felt that Network365 (now
trading as Valista) was at the forefront of mobile commerce. Their
technology gives consumers choices about how to shop and pay for
goods while providing a secure environment in which to do this."
Valista’s payments technology supports a range of transaction
types from macro payments for larger purchases such as travel
tickets and product purchases to micro payments (stored value)
for smaller purchases such as ringtones, digital content and subscriptions.
The payments engine is the common technology foundation on which
all Valista products are built. It’s a long-term infrastructure
investment for customers with growing electronic and mobile commerce
initiatives. Valista’s product suite is an end-to-end payment
infrastructure that can tie in to existing backend systems, ensuring
a seamless business and accounting process.
Raomal Perera, Chief Executive Officer, Valista said, “We
are very proud to have been awarded both the Gold Business Application
Award and the Business Finance Award, which underscore the value
of the payments technology developed by Valista. This is a major
endorsement of our technology which is being used by mobile and
fixed line operators, ISPs and enterprises worldwide to deliver
a range of services to their customers that can be paid for easily
and conveniently. Our payments suite has pushed back the existing
frontiers of mobile and electronic commerce and this award emphasizes
the commercial benefits which our suite of products brings to
our customers and the new revenue streams made possible by their
users worldwide.”
For more information, please contact:
Valista®
Evanna Kearins
Director, Marketing.
Email: marketing@valista.com
About Valista.
Network365 Ltd., trading as Valista recently announced a planned
merger with iPIN. Valista, the emerging combined entity will be
a global company with offices in the US, Europe, Asia, Japan and
Latin America. The combined subscriber base with access to the
Valista product suite exceeds 150 million users with over 1000
merchants utilizing the company’s merchant integration technology.
As a result, Valista emerges as the leading provider of payments
software for electronic and mobile commerce.
Key customers include:
Vodafone UK, NTT DoCoMo, France Telecom's w-HA, Orange and Wanadoo,
3 in eight countries, General Motors, Hong Kong CSL, Tiscali in
France, T-Online France, Taito Corporation in Japan, TODO1 in
the Americas, O2 in Europe, Oskar in the Czech Republic, and Celltel
Lanka in Sri Lanka.
Key partners include:
Accenture, Capgemini Ernst and Young, Convergys, Ericsson, Gemplus,
HP and IBM. Valista is also an active member of the Mobile
Payment
Forum.
Valista is also working closely with a number of the Simpay founder
organisations.
Products & Technology
Valista’s technology has been proven in real world implementations
by leading service providers and corporations across four continents.
Valista enables wireless and fixed line operators, ISPs, financial
services institutions and enterprises to create new relationships
with customers by facilitating the purchase and delivery of digital
content, goods and services in a secure and convenient way. Enterprises
benefit from higher revenue streams, increased loyalty and reduced
costs. Valista’s products support the entire commerce ecosystem
and cover the end-to-end business processes including multi-channel
ordering, authentication, payment, settlement, service delivery,
and post-purchase care.
Valista’s product portfolio includes multi-channel top-up,
micro and macro payments, service delivery, user profile management
and cash replacement. All Valista products support multiple access
channels and payment models, allowing consumers to transact wherever
they are, however they pay.
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