Vesta and Jibe Mobile Deliver Integrated Mobile Payment Application

Vesta Corporation

  • Collaboration via Jibe’s App to App™ Platform Allows Customers to “Top Up” Accounts, Pay Bills and Purchase Digital Goods Through Their Handsets
  • Vesta and Jibe to Showcase the Application at Mobile World Congress 2011

Vesta Corporation (www.trustvesta.com), a global pioneer and leader in electronic payments, and Jibe Mobile® (www.jibemobile.com), a real-time communications platform provider, today announced the introduction of an enhanced mobile payments application designed for operators and handset manufacturers. Vesta and Jibe will showcase the application at Mobile World Congress 2011.

Vesta will leverage Jibe’s App to App™ Platform to enable payments through a user’s handset for a variety of consumer goods and services. In addition to prepaid account top up and bill payment functionality, the offering incorporates Vesta-powered digital content and application purchases. Utilizing Jibe platform’s Rich Communication Suite (RCS) specification, the application will also enable peer-to-peer “gifted” purchases between subscribers. As with all of Vesta’s payment solutions, the application is 100 percent PCI compliant and fully indemnifies the operator against fraud losses.

The Jibe App to App Platform enables operators and developers to create richer mobile applications that allow consumers to enjoy an open and seamless communications experience. Jibe’s ability to leverage next-generation networks while maintaining compatibility with legacy and low tier devices reduces the time to market for developers launching innovative third-party applications.

“The proliferation of applications and digital content provides an opportunity for mobile operators to create additional value from existing customers,” said Amir Sarhangi, chief executive officer, Jibe Mobile. “Our collaboration with Vesta delivers rich, integrated payment functionality in an operator-branded environment — securing the operator’s position in the content delivery chain.”

“Vesta’s industry-leading payment solutions are a perfect complement to the Jibe App to App Platform,” said Doug Fieldhouse, chief executive officer, Vesta Corporation. “By delivering seamlessly integrated, secure payments through the handset, Vesta provides a robust foundation for developers.”

Visit Vesta in hospitality suite 96 at Mobile World Congress 2011: 3.1HS96 (Hall 3.1, Suite 96) or Jibe at the GSMA App Garage Hall: 8.0, Stand 8C118 for a demo.

About Vesta Corporation

Headquartered in Portland, Oregon, with operations in Europe and China, Vesta has been a pioneer and worldwide leader in electronic payment solutions since 1995. Vesta has established long-term, successful relationships with leading telecommunications and financial companies including AT&T, Boost Mobile, Bank of China, Bank of Ireland, Chase Paymentech, China Mobile, China Telecom, Green Dot, Metavante, NetSpend, O2, Sprint, T-Mobile, Verizon, and Vodafone. For more information, visit www.trustvesta.com.

About Jibe Mobile

Jibe Mobile is the first to bring the open, social, peer to peer nature of the web to mobile networks, empowering operators and third-party developers to easily and quickly launch mobile applications spanning legacy and leveraging investments in next generation networks. Applications include smart address book, rich instant messaging, media sharing, video calling, file sharing, gaming, and more. The company is privately-held with headquarters in San Francisco and offices in London, Dusseldorf and Tokyo. Additional information can be found at www.jibemobile.com.


CONTACT INFORMATION


Media Inquiries, Vesta Corporation
Daniel Lowther
CCgroup
vesta@ccgrouppr.com
+44 118 9207650
+44 7747 636 687 mobile

Media Inquiries, Jibe Mobile Europe
Jason Choy
jason@jibemobile.com
+44 (0)20 8439 8416

Fusion PR for Jibe
Jeff Bratton
Jeff.Bratton@FusionPR.com
(310) 481-1431, Ext. 13

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