Amdocs Launches Mobile Financial Services Card Management System Supporting Service Providers in Offering Their Own Payment C...
November 08 2016 - 4:05PM
Amdocs (NASDAQ:DOX), the leading provider of customer experience
solutions, today announced the availability of its Mobile Financial
Services card management system, which supports service providers
across all industries, including communications, retail and
financial services, in launching their own debit or prepaid payment
cards. The cards can be linked to a mobile wallet, with stored
monetary value, loyalty points or airtime as the source of funds.
Customers who don’t have a bank account can use these cards to pay
for purchases at retail point of sale terminals, to withdraw cash
from an ATM or for online shopping.
Amdocs’ card management system can be quickly deployed on the
cloud as Software as a Service (SaaS), integrating securely with
local card-manufacturing companies for card printing and
distribution. The system incorporates a back-office administration
user interface that manages card specifications, card product
definitions and issuer identification number (IIN) ranges. The user
interface also offers card ordering workflows with external card
printer companies, including recording of card testing results.
Application programming interfaces (APIs) enable activation of both
physical and virtual cards and their association with stored value
accounts, such as mobile wallet and loyalty point accounts. Card
numbers issued by the system are validated each time a payment
request is processed.
“Enabling unbanked and under-banked consumers to own debit or
prepaid payment cards will empower them to join the modern digital
economy and further encourage them to adopt more mobile financial
services,” said Patrick McGrory, president for Amdocs’ emerging
offerings. “Amdocs’ Mobile Financial Services card management
system supports our mobile financial services offerings in digital
banking, remittances, and digital commerce and payments markets.
The ability to issue debit or prepaid payment cards, without
investing in technology infrastructure or third-party systems,
enables mobile financial service providers across all industries to
offer a true multi-channel consumer experience, driving the growth
of mobile financial services adoption and usage.”
Amdocs also separately announced today that Mynt, Globe
Telecom’s fintech subsidiary, has selected the Amdocs Mobile
Financial Services solution to power their new Casa service. Casa
will enable Mynt to offer retailers a cloud-based, financial-grade,
white-label digital money fintech platform, providing retailers
with the means to offer a wide range of financial services,
including closed-loop companion prepaid cards, thereby generating a
new revenue stream.
Supporting Resources
- Learn more about the Amdocs Mobile Financial Services card
management system
- Learn more about the new mobile financial services use cases
that Amdocs can support
- Keep up with Amdocs news by visiting the company’s website
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About Amdocs
Amdocs is the market leader in customer experience software
solutions for the world’s largest communications, entertainment and
media service providers. For more than 30 years, Amdocs solutions,
which include BSS, OSS, network control, optimization and network
functions virtualization, coupled with professional and managed
services, have accelerated business value for its customers by
simplifying business complexity, reducing costs and delivering a
world-class customer experience.
The Amdocs portfolio enables service providers to capture the
world of digital immediacy by operating across digital dimensions
to engage customers with personalized, omni-channel experiences;
creating a diversified business to capture new revenue streams;
becoming data empowered to make business and operational decisions
based on insight-based and predictive analytics; and achieving
service agility to accelerate the fast rollout of new technologies
and hybrid network services.
Amdocs and its 25,000 employees serve customers in over 90
countries. Listed on the NASDAQ Global Select Market, Amdocs had
revenue of $3.7 billion in fiscal 2016.
Amdocs: Embrace Challenge, Experience Success.
For more information, visit Amdocs at www.amdocs.com.
Amdocs’ Forward-Looking Statement
This press release includes information that constitutes
forward-looking statements made pursuant to the safe harbor
provision of the Private Securities Litigation Reform Act of 1995,
including statements about Amdocs’ growth and business results in
future quarters. Although we believe the expectations reflected in
such forward-looking statements are based upon reasonable
assumptions, we can give no assurance that our expectations will be
obtained or that any deviations will not be material. Such
statements involve risks and uncertainties that may cause future
results to differ from those anticipated. These risks include, but
are not limited to, the effects of general economic conditions,
Amdocs’ ability to grow in the business markets that it serves,
Amdocs’ ability to successfully integrate acquired businesses,
adverse effects of market competition, rapid technological shifts
that may render the Company's products and services obsolete,
potential loss of a major customer, our ability to develop
long-term relationships with our customers, and risks associated
with operating businesses in the international market. Amdocs may
elect to update these forward-looking statements at some point in
the future; however, the Company specifically disclaims any
obligation to do so. These and other risks are discussed at greater
length in the Company's filings with the Securities and Exchange
Commission, including in our Annual Report on Form 20-F for the
fiscal year ended September 30, 2015 filed on December 10, 2015 and
our quarterly 6-K forms furnished on February 16, May 17 and August
8, 2016.
Media Contact:
Austin Weedfall
Hotwire PR for Amdocs
Tel: +1 646-790-4737
E-Mail: austin.weedfall@hotwirepr.com
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