"As consumers are growing increasingly dependent upon mobile devices, mobilkom austria and ONE recognized an opportunity to provide compelling services that make everyday activities like buying a soda from a vending machine even more convenient," said Jeff Treuhaft, senior vice president, Digital Content Services, VeriSign. "We look forward to extending this cutting-edge mobile service and added functionality to wireless users around the world."
Making purchases by mobile phone is becoming increasingly popular around the world. According to the Yankee Group's August 2006 report titled "Mobile Phones Transform into Mobile Payment Devices," the global revenue for off-deck mobile payment transactions will rise dramatically during the next 5 years, increasing by more than 100% from 2005 to 2009, while the user base also expands from 65.5 million to 178.8 million during the same period. Paying via mobile phone has already achieved some success in Europe and Asia, and the Yankee Group expects the trend to continue as mobile devices become more powerful and consumers use electronic payments for more transactions.
VeriSign developed the technical interface between Coca-Cola machines, cellular operators and the payment system for the more than 100 beverage vending machines around Austria enabled for mobile payment. Developed in Austria, this solution can also be used for vending machines around the world.
VeriSign, Inc. (
VeriSign is represented in Austria by 3united mobile solutions AG (www.3united.com), a subsidiary of VeriSign, Inc. 3united is a leading provider of premium text messaging, m-commerce and cellular content solutions. Network operators, media companies, consumer brand companies and community portals have used 3united services since the company was founded in 1999. Through more than 50 network partners, 3united reaches about 400 million cellular customers around the world. 3united services are successful particularly in the rapidly expanding markets of Eastern Europe, in the Middle East and in the United States.
Since the acquisition in February 2006, 3united has operated as a subsidiary of VeriSign, Inc., with clients of both VeriSign and 3united benefiting from a broader product range and direct access to new services. Following integration, 3united will begin operating solely under the VeriSign brand on January 1, 2007.
Trademarks VeriSign and other trademarks, service marks and logos are registered or unregistered trademarks of VeriSign, Inc. or of VeriSign's subsidiaries in the US and other countries. Copyright © 2006 VeriSign, Inc. All rights reserved.
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 the inability of VeriSign to successfully develop and market new products and services and customer acceptance of any new products or services, including VeriSign Digital Content Services; the possibility that VeriSign's announced new services may not result in additional customers, profits or revenues; and increased competition and pricing pressures. 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, 2005 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.