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22 February 2005

NIMBUS SYSTEMS SUPPORTS SIMPAY
- Mobile payments innovator gathers momentum -

Nimbus Systems, the leading software and services provider, is to support the upcoming Simpay mobile payments standard – and European operator’s entry into the space – with the introduction of its micro payments solution, Mistral.

Simpay, which has recently announced its commercial launch dates for later in 2005, was founded by Orange, Telefonica Móviles, T-Mobile and Vodafone. The platform facilitates payment for mobile commerce transactions through the development of an open and interoperable solution. Simpay announced at this year’s 3GSM that Amena and Proximus have become the latest operators to join the scheme.

Nimbus Systems launched into northern Europe in January of this year, when it also introduced its m-payments solution Mistral. The system is compatible with the Simpay standard and provides flexible merchant communication protocols.
Mistral enables operators to implement the Simpay standard in a fast and cost-effective manner. It also supports several different billing models; operators can use their own billing infrastructure or Stored Value Accounts provided by Mistral. The platform also supports e-Wallet functionality.

Jim Wadsworth, chief marketing officer at Simpay, said: "We welcome Nimbus Systems’ support as we progress our commercial launch plans. The work achieved by vendors in developing Simpay-compliant software will help to drive mobile payments forward, creating revenue potential for operators, content providers and merchants, and increased convenience for end consumers.

"Simpay now boasts members across 20 European countries, with the potential to reach more than 300 million mobile subscribers worldwide."

Tom Uhart, co-founder and managing partner of Nimbus Systems, said: "We’re excited about the launch of Simpay, and the opportunity of becoming involved in the scheme. Mobile payments finally seem ready to achieve their potential, as increasing numbers of operators are opting to join the scheme.

"We have worked hard to develop a Simpay-compatible solution for operators, and firmly believe that Mistral will help to fuel Nimbus Systems’ growth in the m-payments sector."

Simpay membership is open to all mobile operators, further operators are expected to join during 2005.


- ends -



Notes to editors

About Simpay:
Simpay is a payment scheme that allows consumers to make purchases with their mobile phones in an easy, secure and convenient way. Launching commercially in 2005, Simpay’s primary goal is to drive mobile commerce forward through the development of a universal, open and interoperable system of payment and a strong, easily recognised common brand name. Simpay will operate as a not-for-profit organisation, fully owned by its mobile operators whilst remaining operationally independent.

Simpay is owned by its mobile operator members, which already includes some of Europe’s largest operators – Amena, Orange, Proximus, Telefonica Móviles, T-Mobile and Vodafone. Membership is open to all operators and others that have expressed publicly in joining include: 3, debitel, Elisa, KPN Mobile Group, Mobilkom, O2, Optimus, SFR, TeliaSonera, and TMN. They have recently been joined by: Jersey, Telecom, Oscar and Telfort.

www.simpay.com


About Nimbus Systems:
Nimbus Systems is a leading European software and services company, focused on segmented billing, settlement, mobile payments and business intelligence solutions. The company’s mission is to adapt to the new business challenges faced by telecom, financial services and utilities companies.

Nimbus Systems develops its own software, and its carrier-class products have attracted a significant tier-one customer base across Europe, including Vodafone Spain and Amena.

A privately owned company formed in July 2001, Nimbus Systems is headquartered in Madrid, Spain. The company – already profitable – has witnessed 50% year-on-year revenue growth since inception.

For more details please visit: www.nimbussys.com


For more information please contact:
Katrina Walker/Jill Benedict
Nimbuspr@spreckley.co.uk
Tel: +44 207 388 9988

This press release was distributed by ResponseSource Press Release Wire on behalf of Spreckley Partners in the following categories: Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.