Services settle non-customer roaming charges.
Press Release Summary:
Global System for Mobile Communications Settlement and Exchange Services for GSM Carriers (SES GSM) enable operators to support non-customer roamers and receive industry validation and processing in standard transferred account procedure format. SES GSM also provides error correction, out-collect billing, ratings and revenue assurance, and a flexible web-based reporting interface that enables analysis and tracking of financial positions with roaming partners.
Original Press Release:
VeriSign Launches New GSM Settlement and Exchange Services
BARCELONA, Spain, Feb. 13 / -- 3GSM -- VeriSign, Inc. (NASDAQ:VRSN), the leading provider of intelligent infrastructure services for the Internet and telecommunications networks, today announced its own settlement and exchange services for GSM operators.
The VeriSign Next-Generation Global System for Mobile Communications Settlement and Exchange Services for GSM Carriers (SES GSM) is designed to streamline and simplify roaming, tracking and settling by consolidating data and facilitating payments based on GSM industry standards.
Launching SES GSM internationally compliments VeriSign's existing CIBER clearing business that has supported TDMA and CDMA operators for more than a decade.
"Operators want solutions that decrease the complexity and expenses related to clearing and settlement," said David Meredith, vice president, VeriSign Commerce Services. "Our GSM settlement service can be used by GSM providers that want best-in-class support, reliability, simplicity, accuracy, and security for roaming. This service can also help ensure that roaming-related revenue is captured and accounted for as a standard practice."
The launch of VeriSign's own GSM settlement and exchange services enable operators to support non-customer roamers and receive industry validation and processing in standard Transferred Account Procedure (TAP) format. SES GSM also provides error correction, out-collect billing, ratings and revenue assurance, and a flexible web-based reporting interface that enables effective analysis and tracking of financial positions with roaming partners worldwide.
The fully managed service is designed to easily integrate with commerce services that are part of VeriSign's Intelligent Communications, Commerce and Content (IC3) portfolio, such as pre- and post-paid billing and customer self-care and analysis.
As GSM networks proliferate and consumer demand for global roaming grows, carriers want solutions capable of handling the increased complexity of tracking and settling roaming-related charges.
Yankee Group anticipates that the GSM migration path will increase its dominance, reaching 82% of the 2.8 billion registered lines in service by 2009 (just less than 652 million lines added cumulatively between 2005 and 2009).
VeriSign currently provides clearing services to 35 carriers, 16 of which are GSM operators.
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/ .
Trademarks
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.
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.
Source: VeriSign, Inc.
