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ADC and Network365 Team to Offer New End-to-End Mobile Payment System.


Business Editors/High-Tech Writers

MINNEAPOLIS--(BUSINESS WIRE)--Jan. 14, 2003

Companies to Jointly Offer "Always on," Secure Solution For

Mobile and Content Service Providers

ADC (1) See A/D converter.

(2) (Apple Display Connector) A peripheral connector from Apple that combines digital video display, USB and power in one cable.
 (Nasdaq:ADCT ADCT Adaptive Discrete Cosine Transform ; www.adc.com) and Network365 announced today a joint initiative to co-market an end-to-end mobile payment solution that helps generate additional revenue for mobile operators. The ADC/Network365 solution enables "always on," secure and trusted m-commerce transactions between operators, banks and service providers which then allows subscribers to use an expanded range of payment options. This broader selection of personalized payment choices offers consumers simplified and secure mobile transactions, designed to increase broader acceptance and create new revenue opportunities for operators.

"Operators typically put subscribers in prepaid or postpaid buckets, but that's not the way people purchase goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. ," said Jason Briggs, program manager with the Billing and Payment Applications practice at the Yankee Group (the Yankee Group, Boston, MA, www.yankeegroup.com) A major market research, analysis and consulting firm founded in 1970 by Howard Anderson. It provides general consulting and strategic planning in the computer and communications field. . "Forcing a customer into a specific payment mode is not service-centric and limits an operator's access to consumers' disposable spending sources. The ADC/Network365 payment management solution solves this issue by incorporating an any-pay model into a real-time mobile-commerce architecture. It's an intuitive and comprehensive approach to mobile transaction management."

The ADC/Network365 solution integrates ADC's Singl.eView(TM) dynamic transaction platform and Network365's mzone(TM) product suite. It provides the mobile operator with encrypted and stored data on a subscriber's credit cards, debit cards, bank accounts and other purchasing information for payment across various usage criteria, such as service type, volume, content and day part. Operators will then be able to offer the option of letting subscribers pay for goods and services and posting these charges to their mobile telephone bill. Subscribers can make payments using any variety of accounts and customized payment options, shipping addresses and other information. The solution can be used for both consumer and enterprise applications.

"This joint solution delivers a link in building and executing profitable mobile content strategies through a secure, convenient, and ubiquitous platform that meets subscribers interactive payment needs," said Pat McCarthy, senior business consultant with ADC's Software Systems Business Unit. "The solution ensures that the balance of trust is maintained across all parts of the value chain from the customer to the merchant, service provider or bank. The broader selection of anywhere, anytime payment options gives operators new revenue opportunities through the acceleration of their premium content plans and resulting increases in network usage."

"This significant development with ADC provides a further major endorsement of the real functionality, value and quality of our mobile commerce solutions," said John Hurley, vice president of marketing for Network365. "Linking with a world-class billing company such as ADC forms a key element of our international development strategy and will further underpin the growth and development of our business on a global scale."

About Network365, Ltd.

Network365 is a leading provider of secure personalized payment, identification and service delivery platforms. Founded in 1999, the company is headquartered in Wicklow, Ireland with offices in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Italy, Japan, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Sri Lanka Sri Lanka (srē läng`kə) [Sinhalese,=resplendent land], formerly Ceylon, ancient Taprobane, officially Democratic Socialist Republic of Sri Lanka, island republic (2005 est. pop. , the United Kingdom and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Network365 has garnered worldwide acclaim for its broad, yet focused, wireless product strategy and has developed a number of applications that deliver a rapid return on investment by concentrating exclusively on the requirements of the mobile market. Among Network365's key customers are HP Japan, 3, Hong Kong CSL (Computerese as a Second Language) Said of people who love to speak high-tech words even though they often use them erroneously. See TLA.

1. CSL - Computer Structure Language. A computer hardware description language, written in BCPL.
, Taito Corporation For the ward located in Tokyo, Japan, see Taitō, Tokyo. For other uses, see Taito (disambiguation).

The Taito Corporation (タイトー株式会社
, O2, Oskar and Celltel Lanka. Learn more about the company at www.network365.com.

About ADC

ADC is The Broadband Company(TM). ADC offers high-quality, value-added solutions of network equipment, software and systems integration services that enable communications service providers to deliver high-speed Internet See broadband. , data, video and voice services to consumers and businesses worldwide. ADC (Nasdaq:ADCT) has sales into more than 100 countries. Learn more about ADC Telecommunications, Inc. at www.adc.com.
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Publication:Business Wire
Geographic Code:1USA
Date:Jan 14, 2003
Words:630
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