Billing Services Group Limited Announces New Name for Operating Companies, Global Expansion.BERMUDA -- New Name -- BSG BSG Battlestar Galactica BSG Broadband Stakeholder Group (UK) BSG British Society of Gastroenterology (London, UK) BSG Business Systems Group BSG Business Solutions Group BSG Basigin Clearing Solutions -- Reflects Company's Mission to Lead Next-Generation Network Commerce for Communications Service Providers Billing Services Group Limited (LSE LSE - Language Sensitive Editor :BILL) today announced that it has combined the operation of its subsidiaries and is re-branding the Billing Concepts operating company operating company A business that engages in transactions with outsiders. and the former EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. Interoperator Services GmbH to BSG Clearing Solutions. The new name more accurately reflects the company's mission of enabling existing and next-generation network commerce and its global presence. A new website for all companies, www.bsgclearing.com, will be its sole portal for communicating its comprehensive commerce solutions. "Our new name -- BSG Clearing Solutions -- clearly communicates our ability to clear financial and data transactions across varied communications platforms for the convergence of next-generation services," said Patrick Haynes III, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BSG Clearing Solutions. "With the complexity of wireless international roaming, VoIP, WiFi, and digital content, companies need a comprehensive solution to simplify the process of integrating and monetizing the many-to-many retail and wholesale interconnections. We are that trusted third party In cryptography, a trusted third party (TTP) is an entity which facilitates interactions between two parties who both trust the third party; they use this trust to secure their own interactions. TTPs are common in cryptographic protocols, for example, a certificate authority (CA). and this is the core of what we do." Haynes continued, "Our customers and partners in Europe are experiencing fundamental changes and tremendous growth. We will continue to help them deliver high-quality, next-generation service offerings and get them to market more quickly. With our strong track record, comprehensive services, and experienced staff, we're confident that we're the company to enable further growth for the industry." About BSG Clearing Solutions BSG Clearing Solutions is a leading global provider of clearing and settlement, payment services, and financial risk management solutions for communications service providers. The company processes over 15 billion transactions annually for 570 of the world's largest communications companies throughout North America, Europe and Asia. With a ubiquitous, scalable platform and an extensive portfolio of clearinghouse services for fixed-line, wireless, convergence, WiFi, and broadband networks, BSG monetizes network transactions by facilitating the financial exchange of its customers' services. BSG meets the needs of today's complex network interconnections and anticipates the requirements of converging technologies, allowing for rapid and reliable deployment. BSG Clearing Solutions is an operating subsidiary of Billing Services Group Limited, which is publicly traded on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. (AIM) under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors BILL. For more information, visit www.bsgclearing.com. All company or product names are trademarks and/or registered trademarks. |
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