Press release
Valista Stored Value Functionality Enhanced in PaymentsPlus
Automatic Reloading and Funds Reservation Simplify Payment Process and Minimize Payment Risks for Merchants and Operators
DUBLIN, IRELAND and SAN MATEO, Calif — November 12, 2007 –Valista, the leading provider of merchandizing, payments and settlement solutions accelerating and automating digital commerce, today announced the enhancement of Valista’s Stored Value module. The improved Stored Value now includes automatic top-up, value expiration and funds reservation which provides users with a more convenient, flexible payment solution, while minimizing payment risks and the processing costs of low value transactions for merchants, mobile operators, ISPs and broadband service providers.
With the growth of digital communities and virtual gaming, stored value accounts have gained popularity as an important offering for merchants, mobile operators and Internet/broadband service providers due to their ability to secure funds in advance of purchase using a prepaid model which is accessible to a wide portion of the market. Valista’s PaymentsPlus Stored Value is a prepaid account that provides payment processors with a low-integration, low-risk, low-cost payment solution. Users can have multiple accounts and each account can hold any type of currency, including virtual currencies such as loyalty and game points.
While other stored value accounts function in a closed system, PaymentsPlus Stored Value simplifies the stored value solution such that it functions similar to any traditional form of payment in regards to payment authorization and confirmation. Using this open model, PaymentsPlus can process low-value transactions against the users stored value account and higher value transactions against another payment method such as credit card. The new features provide a seamless purchasing process for consumers, while also ensuring that each party involved in the transaction is paid appropriately.
The Valista PaymentsPlus Stored Value includes new features such as automatic reloading, value expiration, and funds reservation. Automatic reloading provides users the flexibility to automatically add funds into a stored value account once the account goes below a pre-determined balance. By automating the reloading process, the procedure is simplified for the user while increasing the likelihood of successful transactions and reducing operational overhead for the processor. In some cases transactions using as prepaid system fail over 60% of the time due to insufficient balance. Automatic reloading significantly reduces this because it can reload during a purchase. Processors can also configure value expiration dates within a user’s Stored Value, motivating consumers to continually spend their stored currency or allowing the processor to claim unused balances as profit.
Valista’s Stored Value also supports funds reservation which allows operators to confirm the availability of funds in a customer’s account prior to the delivery of content. This provides both merchants and operators a guarantee of payment before completion of a purchase, ensuring that all parties will be paid appropriately.
“Stored Value Accounts enable companies to expand their customer base by tapping into the unbanked market while simultaneously enabling lower value payments, minimizing non-payment risk and reducing processing costs,” said Mark Denton, director of product management, Valista. “The new features of PaymentsPlus Stored Value provide tools for companies to extend their payment offerings and take advantage of opportunities in gaming and online communities through the use of low value payments, promotional and loyalty programs.”
Notes:
For more information, please contact:
Valista®
Jennifer Cakir
Marketing Manager
Tel: +353-1-276-4511
Fax: +353-1-276-4533
Email: marketing@valista.com
About Valista® Ltd.
Valista is a global leader in the provision of multi-channel merchandizing, payments and settlement solutions, accelerating and automating digital commerce. It provides a unique suite of solutions accelerating the adoption of digital content and enables the digital lifestyle by ensuring that consumers can purchase and pay for content over any channel, using any payment instrument.
Valista understands the requirements of the evolving digital content marketplace enabling increased brand awareness, customer satisfaction and incremental revenue streams for its customers. The company enables mobile, broadband and cable operators, ISPs, aggregators, games vendors, broadcasters, production companies and brands to support the entire commerce ecosystem including end-to-end transaction management, multiple payment options; advanced settlement; subscriptions, bundling, discounting, promotions and loyalty programs. Valista offers a wide range of implementation options, deploying best of breed application software, assisting with analysis, design and integration or delivering a complete managed service.
Valista's commerce solutions and managed services have been proven across the globe in real world implementations by leading innovators such as America Online, Cricket, Vodafone, NTT DoCoMo, France Telecom's w-HA, Orange, 3; mBlox, Hong Kong CSL and GTECH. For more information, please visit:
www.valista.com
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.
 ^ back to top ^
|
«
back
to home page
|
