First Mall in Asia to provide for paying bills via handphone
(PRWEB) May 2, 2002
Joint Press Release issued by Suntec City, Systems@Work and consortium comprising of Gemplus Technologies, HP Mobile e-Services Bazaar, and VISA International
SUNTEC CITY: THE FIRST MALL IN ASIA TO PROVIDE FOR PAYING BILLS VIA HANDPHONE
TelePay, developed by mobile payments facilitator Systems@Work, allows shoppers to pay for goods and services securely and conveniently
Singapore, 18th April 2002 – Mobile payments facilitator Systems@Work today launched TelePay at Singapore’s largest shopping mall, Suntec City. TelePay is a unique mobile payment system that allows shoppers to pay for their purchases easily, securely and conveniently, with just their personal mobile phones.
TelePay is the result of the efforts of a consortium formed by Systems@Work, Gemplus Technologies, Mobile e-Services Bazaar of Hewlett-Packard (HP), VISA International and Suntec City. The consortium was presented the Award of Mobile Payment Solutions from the Infocomm Development Authority of Singapore (IDA) under the Call for Collaboration Initiative of its Wired With Wireless Programme in October 2001. Led by Systems@Work, the consortiumÂ’s objective is to provide Singapore with a proven, robust, and easy-to-use mobile payments infrastructure for consumers, businesses and the government.
Said Mr Ng Fook Sun, CEO, Systems@Work, “Systems@Work is committed to help shape and create a mobile lifestyle. Together with our consortium partners, we are able to synergise best-of-breed solutions into a payment infrastructure that is robust and easy to use. This is an important step for the consortium towards providing a nation-wide mobile payments system for Singapore. This project also underscores the unique competitive offering of TeleMoney as a solution applicable to not just the Internet but also the wireless channels.”
Using TelePay, shoppers no longer need to present card or cash at point of purchase. All they need is their personal mobile phone that acts as an authentication and authorisation device. TelePay is simple, convenient and secure to use. It links a personÂ’s mobile phone to his or her preferred payment method such as credit card, debit card, direct debit to bank account and subsequently stored value.
TelePay is designed to be a cost-efficient payment infrastructure for retailers, while providing greater convenience to their customers. It is estimated that retailers can save an estimated 60% of total annual terminal infrastructure costs. In addition to direct savings in infrastructure costs, both the retailers and customers now have an added convenience of accessing their transaction records online.
The system is easy to implement at low costs and causes minimal disruption to operations as participating merchants need only register with System@Work for a merchant account. Devices supporting multiple payment methods, such as the HP Jornada PDA or the merchantÂ’s PC-based Point of Sales (POS) are linked to manage TelePay transactions. The HP JornadaÂ’s wireless capability makes it portable and enables payment settlement to be conducted anywhere inside or outside the shop. This brings added convenience to customers as well as merchants. With the friendly user interface, staff are able to learn how to operate TelePay easily.
“TelePay is a mobile e-service that will enable consumers and businesses to derive new value from the Internet and represents a significant step towards making the vision of a wireless future a reality for all,” said Kelvin Tan, Director, Mobile E-Services Bazaar, Asia Pacific, Hewlett-Packard. “HP is committed to extending its infrastructure capabilities, information appliance leadership and mobile e-services expertise to help partners like Systems@Work in incubating and promoting innovative wireless applications for Singapore and the Asia Pacific region.”
The system has been under intensive technical trials for the past three months. Today marks the start of the first phase, where the consortium is working closely with about 50 merchants in Suntec City. The next few months will see the consortium embarking on a whole series of marketing and promotional activities targeted to encourage consumer sign up and usage. The consortium feels that Suntec City is the ideal venue due to its huge size, wide merchant mix, and its management pro-technology approach.
Said Suntec City’s CEO, Mr Wong Ah Long, “We are very pleased to work with our partners in providing TelePay. Suntec has over two million visitors every month. We are always happy to introduce solutions, technology-based or otherwise, that add value either to our tenants, or to their customers. We believe TelePay will be one such solution.”
Suntec and Systems@Work also kickstarted the next phase of their partnership by signing an MOU to develop a non-queue wireless parking payments service for the complexÂ’s huge car park. Called TeleParking, the service enables visitors to Suntec City to pay for their parking fees via their mobile phones and possibly other mobile devices from anywhere within Suntec City. This service saves time and the hassle of having to look for and queue at Autopay Parking Systems. The service is expected to launched within the next 6 months.
Besides TelePay, customers can use the same TeleMoney number and PIN to make payments via other applications supported by TeleMoney over multiple channels including Internet, mobile and proximity (over-the-counter), such as TeleCab in CityCab taxis, online ordering for photo prints via FujiFilmÂ’s Print@Fujicolor or online payment of donations to the Rotary Club. For the complete list of shopping experiences accepting the TeleMoney Mobile Payments Solution, please log into www. telemoneyworld. com.
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For further information, contact:
Systems@Work Pte Ltd:
Ms. Stacy Ang
The Right Spin Public Relations
T: +65 6774 9511 F: +65 6778 8638
Mobile: +65 9742 7942
E-mail: stacy@therightspin. com. sg
Mr Wee Tee Jin
The Right Spin Public Relations
T: +65 6774 9510 F: +65 6778 8638
Mobile: +65 9746 2199
E-mail: teejin@therightspin. com. sg
Suntec City:
Lee Teck Heok
Tel: +65 6825 2836 F: +65 6294 0880
E-mail: leejunior@sunteccity. com. sg ¤
Annex 1
About Systems@Work Consortium
A consortium of five partners led by Systems@Work was presented with the Award of mobile payments solutions from the Infocomm Development Authority of Singapore under its Wired With Wireless Call for Collaboration program in October 2001, to deploy a nation-wide mobile payments system (MPS) for Singapore.
This consortium comprising Systems@Work, Gemplus, Mobile e-Services Bazaar of Hewlett Packard, Suntec City and Visa International (jointly known as the Systems@Work Consortium) provide unique combined capabilities to ensure that Singapore will have a proven, robust and easy to use mobile payments infrastructure service for consumers, businesses and the government.
About Suntec City
Suntec City is SingaporeÂ’s largest integrated office, retail and exhibition complex, totaling some 7 million sq feet. Owned collectively by 11 of the richest Hong Kong tycoons, Suntec is designed to synergistically meet the needs of the business community. The civic heart of Suntec is the Fountain of Wealth, the largest fountain in the world.
Some 15,000 people in over 700 companies operate from Suntec’s five high-tech office towers, comprising mainly finance, technology, and professional services – Asia’s Vertical Silicon Valley. In addition, some two million people visit Suntec every month. The exhibition centre is the preferred venue for events large and small. With over 250 shops in the shopping mall, its own cineplex, church, health centre, and landscaped gardens, Suntec is a self-contained city within the city.
For further information, please visit http://www. sunteccity. com. sg (http://www. sunteccity. com. sg), or call (65) 6295 2888.
About Systems@Work
Systems@Work is a secure, end-to-end mobile electronic payment technology company with its headquarters in Singapore. Its patented TeleMoney technology enables a mobile phone to be used as the device to make convenient and secure payments. TeleMoney's users can transact via multiple Internet and wireless access channels such as the Interactive Voice Response, the Wireless Application Protocol and the Short Message Service, and select to pay from multiple payment methods such as credit cards, debit cards, prepaid cards, charges to phone bills and direct debit.
Systems@Work builds and operates secure payment and billing gateways for financial institutions and corporate clients as an ASP. The services are called TeleMoney ShopperAssure and TeleMoney BusinessAssure for B2C and B2B marketplaces respectively. Systems@Work also provides consultancy, builds, operates or licenses the TeleMoney technology to companies with large customer bases that would like to have their own private secure mobile payment services. TeleMoney's URL is www. telemoneyworld. com
About Gemplus
Gemplus is the world's number one provider of solutions empowered by Smart Card (Gartner Dataquest 2001). Gemplus helps its clients offer an exceptional range of portable, personalized solutions that bring security and convenience to people's lives. These include mobile internet access, inter-operable banking facilities, e-commerce and a wealth of other applications. Gemplus will be the partner that oversees the end-to-end security requirements for the new mobile payment service.
HP Mobile e-Services Bazaar
HP's Mobile e-Services Bazaar is a dynamic marketplace of solutions and technologies for emerging mobile e-Services. HP collaborated with its Bazaar member, Systems@Work, to deploy the infrastructure solutions to power the application. TeleMoney will be ported over to HP's Internet Operating Environment (HP development software and tools which comprises XML-based middleware products, wireless application and distributed transactions technologies). Together with the HP Bluestone Total-e-Server, an application server and HP Jornadas utilized as the merchant device, HP delivers comprehensive support to the multi-mode payment solution.
Visa International Asia Pacific
Visa is the worldÂ’s leading payments brand and the largest payments system worldwide. Pioneering the creation of u-commerce, or universal commerce, VisaÂ’s goal is to enable consumers to conduct commerce anytime, anywhere, over any type of device. VisaÂ’s experience and expertise in secure payment technologies and specifications will be a key delivery capability to this consortium.
Annex 2
List of participating TelePay merchants to date
Chen Fu Ji Fried Rice #03-020
Cocoa Tree #01-048
E-Station #03-029
Evergreen Stationery #02-040
Fleuridee #B1-002
Flotec Flowers #03-037
Harvey Norman #02-001
Piyo Piyo World #02-120
PK Computer Pte Ltd #03-031
Precious Thots #01-103/105
Samsonite #02-039/041
Satay Fusion #01-K10
Star 5 Technology #03-029
Swensen's #B1-005
Yes! Your Eyewear Specialist #01-073/075
