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Features Enhanced PrePayIN Service, New Proprietary Settlement and Exchange Services, and Next-Generation Billing & OSS Service
MOUNTAIN VIEW, CA – November 16, 2005 -VeriSign, Inc. (Nasdaq: VRSN), the leading provider of intelligent infrastructure services for the Internet and telecommunications networks, today announced the VeriSign Wireless Commerce Suite, a set of converged services that helps wireless carriers speed the delivery of next-generation communications, commerce and content solutions.
The VeriSign Wireless Commerce Suite provides unique capabilities for provisioning a wireless user and device, port the user’s mobile number, push intelligently formatted content to the device, mediate the event, settle revenue with content partners, bill for the services, replenish prepaid usage, process a secure payment and enable seamless customer care.
“Mobile operators are building next-generation networks to better compete, mitigate churn and offer 3G services,” said Vernon Irvin, executive vice president and general manager, VeriSign Communications Services. “The Wireless Commerce Suite can help carriers add services and deliver a unified consumer experience—without forcing them to make large capital outlays or lose focus on more critical business priorities.”
According to a recent Yankee Group report1, operators around the globe will spend more than $10 billion this year on software services and infrastructure to create more efficient order-to-cash-to-care processes. Operators are betting IT investments will help decrease operating expenses and improve customer services and they are using IT investments to execute strategies to build customer loyalty and give them competitive advantage.
The VeriSign Wireless Commerce Suite creates an order-to-cash system for provisioning, billing, content delivery and settlement of wireless services. It provides the ability to combine post- and pre-pay functionalities for voice, data and content, which helps carriers offer consumers pay-per-use and pay-in-advance options. The suite also features a common interface for subscriber management from initial activation, to adding and upgrading features, to providing consolidated billing statements.
“As one of the first wireless service operators to deploy an all-digital, 3G network that currently serves nearly 2 million subscribers across the U.S., MetroPCS sees value in using many of the services that are in the VeriSign Wireless Commerce Suite,” said Braxton Carter, Chief Financial Officer, MetroPCS. “Over the years, VeriSign has helped us differentiate our offerings, handle rapid growth and become a driving force in the industry.”
“Carriers that use VeriSign Billing and OSS and PrePayIN will be able to provision a customer with their own postpay plan and a prepay plan for their teenager. Furthermore, they allow mobile operators to sell provision and distribute mobile content and manage a multiple accounts through a single interface,” said Irvin.
The VeriSign Wireless Commerce Suite is offered as a service bureau solution that leverages VeriSign’s world-class operating facilities that enable and protect more than 14 billion transactions per day for Internet and telecommunications networks. The services, which can be sold separately or bundled for operators that want a comprehensive managed solution, are:
About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), operates intelligent infrastructure services
that enable and protect billions of interactions every day across the
world’s voice and data networks. Additional news and information about
the company is available at www.verisign.com.
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VeriSign, and other trademarks, service marks and logos are registered
or unregistered marks of VeriSign, Inc. and its subsidiaries in the
United States and in foreign countries. Copyright © 2005 VeriSign, Inc.
All rights reserved.
For More Information
VeriSign Media Relations: Lori Sinsley, lsinsley@verisign.com,
650-426-4716
VeriSign Investor Relations: Tom McCallum, tmccallum@verisign.com,
650-426-3744
Statements in this announcement other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause VeriSign's actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, the uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results due to such factors as increasing competition and pricing pressure from competing services offered at prices below our prices and market acceptance of our existing services, the inability of VeriSign to successfully develop and market new services and the uncertainty of whether new services as provided by VeriSign will achieve market acceptance or result in any revenues. More information about potential factors that could affect the company's business and financial results is included in VeriSign's filings with the Securities and Exchange Commission, including in the company's Annual Report on Form 10-K for the year ended December 31, 2004 and quarterly reports on Form 10-Q. VeriSign undertakes no obligation to update any of the forward-looking statements after the date of this press release.