NEC and Valista Form Strategic Partnership to Target Payments Solutions Business Opportunities
NEC Corporation (NASDAQ:NIPNY), leading global provider of IT,
network, and electron device solutions and Valista International Ltd.,
the leading provider of merchandizing, payments, and settlement
solutions accelerating and automating digital commerce, have formed a
strategic partnership to target payments solutions business
opportunities in Japan with secure and flexible payments offerings.
NEC and Valista's partnership includes joint development of the
'Value Chain' payments platform, an emerging payments platform fuelled
by multi-industry offerings. The 'Value Chain' payments platform will
be designed for deployment on the next generation network and
integration of Valista's products into NEC's NGN service application
platform. The collaboration will also include joint marketing of
payments solutions in digital commerce and emerging fields, sales of
Valista's products and services by NEC, and the provision of system
integration and maintenance service for Valista's products by NEC.
"The arrival of the era of the Next Generation Network will have a
considerable impact on the lifestyle of individuals and enterprise
business models. NGN will enable a more real communication with a
sense of immediacy. We expect that it will be possible to offer
various services such as video/music delivery and digital commerce
securely and cheaply, with enhanced user experience. The fusion of
Valista's experience in payments, settlement, and merchandizing and
NEC's proven strength in system integration will allow us to realize
total solutions supporting the provision of new services," commented
Shigeru Okuya, Assistant General Manager of the 2nd Network Software
Division, NEC Corporation. "NEC will further endeavour to create the
optimum environment for service provision, to propose a variety of
service solutions for implementation on the NGN, and to contribute
towards improved convenience for the user and profitability for the
operator."
Due to the increasing number of e-commerce users and the adoption
of virtual currency usages such as stored value or mobile credit
service, person to person transfer of e-tickets and points, and
service offerings coordinated across multiple industries, a secure and
safe payments platform is becoming a necessity for businesses. It is
essential that a secure and highly reliable payments platform for the
"Value Chain business model" is implemented onto NGN providing
authentication and QoS capability to support these services.
"The realization of the 'Value Chain' business model, where
players from diverse industries collaborate in the provision of each
service, is increasingly seen as the key to successful business on the
next generation network. NEC's proven strength combined with Valista's
experience in payments, settlement, and merchandizing, will enable the
provision of a secure and reliable business platform," said Yutaka
Nozawa, Japan Country Manager, Valista.
The partnership also has sights beyond the Japanese domestic
market aiming to expand into the global telecommunications market
combining NEC's proven strength in system integration and Valista's
global experience in payments, settlement, and merchandizing
solutions. Valista's commerce solutions and managed services have been
proven across the globe in real world implementations by leading
innovators such as America Online, Cricket, Vodafone, NTT DoCoMo,
France Telecom's w-HA, Orange, 3; mBlox, Hong Kong CSL and GTECH.
About NEC Corporation
NEC Corporation (NASDAQ: NIPNY) is one of the world's leading
providers of internet, broadband network and enterprise business
solutions dedicated to meeting the specialized needs of its diverse
and global base of customers. NEC delivers tailored solutions in the
key fields of computer, networking and electron devices, by
integrating its technical strengths in IT and Networks, and by
providing advanced semiconductor solutions through NEC Electronics
Corporation. The NEC Group employs more than 150,000 people worldwide.
For additional information, please visit the NEC home page at:
http://www.nec.com
* Newsroom: http://www.nec.co.jp/press/en/
About Valista(R) Ltd.
Valista is a global leader in the provision of multi-channel
merchandizing, payments and settlement solutions, accelerating and
automating digital commerce. It provides a unique suite of solutions
accelerating the adoption of digital content and enables the digital
lifestyle by ensuring that consumers can purchase and pay for content
over any channel, using any payment instrument.
Valista understands the requirements of the evolving digital
content marketplace enabling increased brand awareness, customer
satisfaction and incremental revenue streams for its customers. The
company enables mobile, broadband and cable operators, ISPs,
aggregators, games vendors, broadcasters, production companies and
brands to support the entire commerce ecosystem including end-to-end
transaction management, multiple payment options; advanced settlement;
subscriptions, bundling, discounting, promotions and loyalty programs.
Valista offers a wide range of implementation options, deploying best
of breed application software, assisting with analysis, design and
integration or delivering a complete managed service.
Valista's commerce solutions and managed services have been proven
across the globe in real world implementations by leading innovators
such as America Online, Cricket, Vodafone, NTT DoCoMo, France
Telecom's w-HA, Orange, 3; mBlox, Hong Kong CSL and GTECH. For more
information, please visit www.valista.com.