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 March 22, 2001
New Mobile Wallet Revolutionizes Wireless Transactions And Services

 SNAZ Commerce Solutions, a leading provider of wireless commerce solutions, unveiled today at CTIA's Wireless 2001 event, their next generation mobile wallet. The new mobile wallet, which is targeted at mobile operators worldwide, can facilitate a full range of wireless transactions, including micropayments, retail purchases and time-sensitive services.

The newly designed mobile wallet is the result of over 6 months of extensive requirements analysis of the m-commerce needs of leading mobile operators in the US, Europe and Asia. The end result is a robust and scaleable mobile commerce platform that facilitates the full spectrum of wireless transactions. This includes the ability to handle micropayments for digital content (ring tones, screensavers, etc.), purchase of hard goods (books, music, flowers), and time-sensitive services (ticketing for travel and entertainment, lottery, etc).

SNAZ aims to fill an existing gap in the market for a 'master wallet' solution that offers users flexible payment options, including credit cards, debit cards, stored value products and post-paid billing options.

"The killer m-commerce solution will consist of best of breed applications that are seamlessly integrated from a user's standpoint. A key aspect of m-commerce is single sign-on access to multiple vendors and wallets," said Vikram Chachra, Chief Strategy Officer, SNAZ Commerce Solutions. "The SNAZ wallet platform comes bundled with a proprietary synchronization engine that facilitates single sign-on and 1-click checkout across the full range of current and future m-commerce applications," Chachra continued.