ESPOO, Finland, July 4/PRNewswire-FirstCall/ -- A new regulatory framework is needed to encourage financial transactions by mobile phones and transform access to financial services in developing countries, claims a new policy report 'The Transformational Potential of M-Transactions', published today (4 July 2007) by Vodafone in partnership with Nokia (NYSE: NOK) and Nokia Siemens Network.
The report, Vodafone's sixth policy paper, of which three focus on the social impact of mobile phones, details new, independent research by leading economists from Frontier Economics and Groupe d'Economie Mondiale as well as consultants to the World Bank.
The suggested changes will have wide spread impact on both the economic development of countries and the financial security of millions of people currently without access to banking services.
VeriSign, Inc. (NASDAQ: VRSN), the leading provider of digital infrastructure for the networked world, today announced it will be showcasing a suite of mobile communications solutions and applications at CTIA Wireless, focusing on mobile commerce services, digital content delivery, mobile marketing campaigns and mobile security services. All services are integrated with VeriSign’s trusted layered security, and are designed for network operators, financial institutions, Internet portals, media companies and brands.
“Consumers are driving demand for services and applications that give them easy, anytime access to routine day-to-day transactions and enterprises are embracing mobile solutions to meet these demands,” said Stratton Sclavos, chairman and CEO, VeriSign. “Our digital infrastructure solutions allow our customers to launch new services quickly and economically, with the intelligence, scale and security necessary to deliver a compelling consumer experience.”
Luxembourg, 6th March 2007- MACH, the leading global clearing and settlement partner for mobile based transactions, has announced that it has entered into a definitive merger agreement to acquire CB Holdings, Inc., the parent company of Cibernet; a leading mobile roaming, clearing and business solutions provider. The transaction is subject to regulatory approval and is expected to close in the first half of 2007. Luxembourg-based MACH is a portfolio company of Warburg Pincus.
The combined MACH and Cibernet enterprise is expected to have 650+ mobile operator customers, creating a leading, global inter-operator services company. Once combined, MACH and Cibernet will process more than 25 billion billing records, messages and content downloads annually.
Solutions offered by the combined Mach - Cibernet business are expected to range from enhancements to existing clearing and settlement platforms, to roaming profitability products, content third-party transaction management products and open connectivity platforms, amongst others.
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