Mobile phones have increasingly become tools that consumers use for banking, payments, budgeting, and shopping. Given the rapid pace of developments in the area of mobile finance, the Federal Reserve Board began conducting annual surveys of consumers’ use of mobile financial services in 2011. This 78-page report, “Consumers and Mobile Financial Services” (March, 2015) examines trends in the adoption and use of mobile banking, payments, and shopping behavior and how the emergence of mobile financial services affects consumers’ interaction with financial institutions.
Wmode and StreamWIDE Form Partnership to Provide Carriers with Managed Services
Wmode, a provider of managed services such as Smart Portal, App Store, Media Store, and Mobile Payment solutions under the ClearMode brand has licensed StreamWIDE’s next generation technology for telecom value-added-services. With this agreement, Wmode and StreamWIDE will provide carriers with a complete set of managed services including ring back tones, voice messaging, visual voicemail, and call completion services.
The focus of the agreement is on StreamWIDE’s Ringback tones (RBT) solution, a personalized music service gaining global adoption in which Wmode excels as a managed service provider and has developed market leading expertise, and where StreamWIDE provides a state-of-the-art platform based on standard SIP architecture. Through this partnership the StreamWIDE portfolio of applications becomes immediately available to Wmode and their customers, minimizing time to market and providing carriers with a solid ROI.
Wmode, a privately held company based in North America, has been providing technology solutions for mobile operators, media companies and consumer brands for the past ten years. StreamWIDE, a public company based in Europe with offices in Paris, New Jersey and China provides value-added services for mobile and fixed-line telecommunication operators.
Speaking about this new partnership, Wmode CEO, Emanuel Bertolin commented, “Leveraging our license agreement with StreamWIDE, we will be announcing our first North American customer in the coming weeks under the new partnership. We are excited about the opportunities this agreement presents in North America and globally.”
Wmode entered into this licensing agreement with StreamWIDE as it provided the organization with the right approach and flexible technology. Both of these factors allow Wmode to offer its mobile operator customers a seamless and complete RBT solution.
Speaking about the agreement Pascal Beglin, CEO for StreamWIDE said, “We recognized Wmode’s excellence in customer attention and their strong operational culture for running successful managed services for mobile operators, especially their achievements with RBT with Cricket in the US. Together with our carrier-grade technology, our advanced features and our track-record on the telecom market, we believe we can win a large market share for our solutions moving forward with this hosted, managed service option.”
Source: Marketwire