Comverse Technology Inc. (Pink Sheets: CMVT.PK) today announced that Brazlian smartcard company, Smart.Net, has selected the Comverse Kenan FX customer care, ordering and billing solution. Comverse did not disclose the size of the contract.
Smart.Net CEO Cid Antao said, "The Brazilian government mandates that employees receive assistance for transportation, food and meals. These benefits were previously allocated via paper vouchers. We replaced the voucher system with smartcards, which have numerous advantages. Our transformation of this major business demanded an advanced billing solution that enables a smartcard to function in an innovative and sophisticated manner. The Comverse Kenan FX solution supports our specific and evolving requirements to value and charge our customers and partners for the multiple uses of the smartcard."
Optimized for the converging communications market, the modular Kenan FX framework provides an advanced set of customer lifecycle management software solutions - from ordering and activation to charging and payments - supporting a host of communication services: fixed, mobile and interactive. Kenan FX is widely deployed around the globe delivering attractive ROI to its clients.
Comverse Americas president Ramesh Barasia said, "Kenan FX gives Smart.Net the flexibility necessary to handle complex commissioning scenarios demanded by the small payments industry and positions the company to expand operations into other markets."
Published by Globes [online], Israel business news - www.globes.co.il - on May 17, 2007
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