AM-BEO and MoreMagic partner to provide secure mobile payments for next generation content services
AM-BEO LTD., a global leader in rating, charging and revenue settlement software products and solutions, and MoreMagic Solution, the premium provider of software solutions to enable charging and payment of premium content and services have announced that they have entered into a joint marketing partnership.
The agreement outlines a number of joint activities the two companies will undertake in addressing the charging and payment requirements essential for next generation content based services and in particular will focus on the sales and marketing of a cohesive solution that meets market demands employing AM-BEO’s nCharge and the More Magic MBroker products.
nCharge is an advanced solution for the identification, control, rating and charging of network services for both content providers and network operators. nCharge is designed to address the complexities of charging for next generation communication services and provides complex product rating, real-time credit control and multiple balance management to enable the generation of additional revenue from new and innovative network services with reduced time to market and improved margin management.
MBroker provides authentication and payment services to merchants or content providers, financial service providers, operators’ prepaid and postpaid solutions and other value added service providers. It is a standards-based, highly flexible and very scaleable middleware server which facilitates authentication, authorization, accounting and Audit (AAAA) of payment services initiated from variety of devices over various networks. The system can be used for both micro and macro payments, for example payment for digital content, streaming audio and video, and purchase of physical goods online. The system supports event-based billing, time-based billing and volume based billing, hence providing the customer a flexible transaction management solution.
“The partnership between AM-BEO and More Magic Solutions allows for a Charging and Payment solution to be delivered as one complete solution, reducing the number of technical functional components the service providers require. This solution will be able to process a payment from any number of external sources for digital services, such as using a credit card to pay for the download of a mobile ring-tone. This partnership strategically extends our product portfolio to meet the current and future demands of a growing marketplace. Additionally, it enables proven technologies in a pre-bundled solution to reduce OSS/BSS complexities thereby reducing time to market implementations to support the rollout of new revenue generating products by the carriers and content owners” stated Mike Murphy, AM-BEO CEO & President, “The relationship has evolved from some joint business opportunities undertaken through a common integration partner and therefore it was logical to formalize the partnership with this agreement.”
"As data services become a crucial component of the operators ARPU, there is a new middleware layer that is emerging in the operator environment. Increasingly we see a requirement for real-time charging and payments to be provided within this layer, thus overcoming the idiosyncrasies of existing back-office billing systems, particularly when addressing the prepaid customer.” stated Pankaj Gulati, CEO & President of More Magic "The partnership with AM-BEO gives our customers access to a robust, proven, real-time charging solution that can facilitate instant payment and service delivery, using the More Magic technology to any number of payment sources.”