Digital Courier Technologies, Inc.,a provider of end-to-end, fully integrated e-payment solutions, announced that ACI Worldwide has signed on Banco Bilbao Vizcaya Argentaria SA and Telefonica Moviles SA of Spain for wireless payment processing services, using technology licensed from DCTI. BBVA and Telefonica Moviles will power their joint venture, MovilPago, with ACI’s enterprise mobile payments solution.
MovilPago is an innovative payment system that allows consumers to conduct m-commerce, enabling payments over wireless communications systems. MovilPago will deploy the system in 30 countries over the next two years, with an anticipated 100 million consumers using the system and 5 million merchants accepting payments. MovilPago’s m-commerce allows payments to be made from any existing Global System for Mobile Communications (GSM) or other digital handset with no modification required to the handset or SIM card.
According to Strategy Analytics, m-commerce purchases worth $200 billion will be conducted around the world by 2004, which translates into 130 million customers and 14 billion transactions a year.
“By integrating our technology with ACI’s BASE24, DCTI and ACI are able to provide cutting edge technology to the Internet payment marketplace,” said DCTI President Don Marshall.
The e24 product suite is designed to help financial institutions, retailers and emerging e-commerce businesses extend their existing payments infrastructures into the rapidly growing world of business-to-consumer electronic commerce. e24 commerce solutions handle all aspects of web-initiated payments and include value-added features to enhance customer service, merchant reporting and management, and web-centric fraud detection and management. ACI Worldwide’s e24-portal and e24-risk commerce products are powered by DCTI.
DCTI is an emerging e-payment market leader providing an advanced, fully integrated e-payment service for merchants and financial institutions. The DCTI services feature a unique fraud protection and risk management system. DCTI has a growing list of over 600 merchant customers, representing more than $70 million in transactions processed monthly and spanning every e-commerce market segment. DCTI has greatly expanded its sales and marketing reach through reseller relationships and strategic partnerships with ACI Worldwide, the global leader in ATM services; Equifax; Innuity; NDC e-Commerce; Visa International; and others. DCTI is headquartered in Park City, Utah, with offices in San Francisco, California, Clearwater, Florida and in West Sussex, England. For more information, visit DCTI on the Web at [http://www.DCTI.com].
About ACI Worldwide:
ACI Worldwide is helping customers change the way the world works with solutions designed to improve the way we live, work and shop. Every minute of every day, financial institutions, retailers and networking industries rely on ACI solutions and services to smoothly move money and information. As a leading international provider of solutions for e-payments, ACI maintains operations in the Americas, Europe/Middle East/Africa and Asia/Pacific. More than 2,300 customers in 79 countries use ACI distributed solutions. Visit ACI Worldwide on the Internet at [http://www.aciworldwide.com].
BBVA is the largest financial group in Spain both in terms of profit and market capitalization and is the second largest within the Euro zone. In 1999 group profits reached 1.75 billion euros and assets totaled 238 billion euros. BBVA Group is present in 37 countries, mainly in Europe and Latin America, through a network of more than 9,300 branches, and employs 130,000 people.
The group has 35 million clients and 1.5 million shareholders. Its stock is quoted on nine stock exchanges around the world. BBVA employs advanced technology in distribution channels, manages one of the largest industrial portfolios in Spain, and shows an extraordinary strong balance sheet.
About Telefonica Moviles:
Telefonica Moviles is the mobile telephone communications subsidiary of the Telefonica Group, which is one of the world’s five largest telecom companies. It has more than 20 million clients throughout Spain (11.5 million clients), Latin America (Argentina, Brazil, Chile, Peru, El Salvador, Guatemala and Puerto Rico) and Morocco. The company is a true leader in the Spanish and Latin American markets, not only in terms of number of clients but also in terms of innovation and deployment of the latest technologies for the development of new services.