Vesta claimed that the new platform will enable wireless operators worldwide to increase subscriber average revenue per user (ARPU), accept more payment types and achieve Payment Card Industry (PCI) compliance through a managed service that includes a portfolio of new payment services and features.
For operators, the 5.0 version of the mobile payment platform offers a new business reporting portal and a token service that provides self-care functions and isolates operators from PCI compliance requirements.
Enhancements for mobile subscribers include Vesta’s quick code functionality which enables faster payments through multiple channels; wallet functions supporting multiple users and payment devices; and the integration of social networking applications where subscribers can request, send and receive payment-related gifts.
Chris Parsons, chief marketing officer at Vesta, said: “Vesta’s new payment platform offers a wide range of benefits to mobile operators. In addition to facilitating secure transactions, operators can also enjoy significant time to market advantages and a full suite of innovative features.”
