BUSINESS WIRE (bcgi) , a leading provider of solutions to mobile operators and MVNOs worldwide, today announced new capabilities within its Payment Manager application that enable operators and MVNOs to extend their top-up footprints across international borders and across mobile operators.
Cross-border, cross-carrier recharge lets mobile subscribers recharge their own phones as well as those of family and friends, no matter their location. This new capability will allow international roamers to maintain their account balances, improving the roamer's customer experience and helping increase international roaming revenues for operators.
International recharge also allows prepaid subscribers to send prepaid payments to a friend or relative, regardless of borders, increasing per subscriber revenue for operators and MVNOs.
Payment Manager's international recharge capability provides currency conversion and international settlement, among its many features. It also includes ISO 8583 interface support, allowing rapid integration to banking networks and prepaid distributors around the world.
"Consumers want convenience regardless of borders," said Tom Erskine, bcgi vice president of product development and marketing. "Whether recharging their phone on holiday or accepting a payment from a family member in another country, international top-up will help operators drive incremental revenue, reduce churn and extend the presence of their brand."
There is a strong business case for international recharge functionality; for example, remittances sent to Latin America and the Caribbean from all parts of the world totaled more than $60 billion in 2006, according to the Inter-American Development Bank Multilateral Investment Fund. An estimated 12.6 million Latin American immigrants in the United States sent home approximately $45 billion in 2006. The international recharge module of bcgi Payment Manager lets mobile operators and MVNOs tap into this remittance stream while increasing top-up options for their subscribers.
About bcgi
bcgi delivers innovative products and services that enable mobile operators and MVNOs worldwide to differentiate their offerings and increase market penetration while reducing costs. Founded in 1988, bcgi is a leader in identifying and addressing new market needs with proven solutions, including prepaid and postpaid billing, payments and access management. For more information, visit www.bcgi.net.
About bcgi Payment Manager and International Recharge
Payment Manager
bcgi Payment Manager is a single platform that supports the unique payment needs of mobile operators. Payment Manager allows operators to create multiple payment channels and manage those channels all from a single Web-based user interface. With support for real-time payment processing, multi-level settlement capabilities, sophisticated payment loyalty functionality and fraud prevention tools, Payment Manager can be integrated into any operator network to improve operational efficiency and lower costs of accepting customer payments.
International Recharge
The latest module of bcgi's proven Payment Manager platform, IR performs the international recharge request routing, exchange rate management, currency conversion and integration to prepaid billing systems. The rich reporting and settlement capabilities included in IR allow national operators to easily reconcile transactions between carriers, countries and distributors.
Contact:
bcgi
Stephanie Myers Pachucki, 1-781-904-5026
spachucki@bcgi.net
or
Rachel Stein, 1-714-540-1030
bcgi@bockpr.com
Source: bcgi
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