BILL.L Regulatory News (BILL)

30 Oct 2007 13:00

BSG Clearing Solutions (BSG), the telecom industry's leadingbilling and payment service provider, announced today at the DigitalHollywood Conference the addition of a new mobile phone paymentsolution to its Advanced Payment Gateway (APG(TM)) service.Bill2Phone-Mobile enables multimedia merchants to deliver digitalcontent to mobile phones and bill those content charges tosubscribers' mobile phone bills. With the addition of this mobilepayment solution, BSG's APG is now the single, most extensive paymentgateway, giving digital content merchants access to an unprecedentedlevel of payment services that include home and mobile phone paymentoptions, credit card processing and advanced risk management. £ BSG's Bill2Phone-Mobile solution allows more than 240 millionmobile subscribers to charge purchases of off-deck mobile content --such as games, videos, news, horoscopes, sports and stock updates --to their mobile phone bill. BSG's experience in processing an annual20 billion transactions for the world's largest communicationsproviders and merchants, its relationships with over 1,400 networkoperators and its 23-year history in wireline and wireless telecombilling gives it a unique ability to extend its payment expertise tothe mobile space. As a third-party clearinghouse, BSG manages clearingand financial settlements between thousands of entities and allowsmerchants to bypass the costly and time-consuming establishment ofmultiple billing agreements with wireless, wireline, IP operators,content aggregators, credit card acquirers and risk managementproviders. £ "By extending our clearing and settlement expertise to the mobilepayment space, we're able to offer digital content merchants the mostcomprehensive payment gateway in the industry," said RandallBrouckman, CEO of BSG. "By using BSG's Bill2Phone service, merchantswill now have a quick and simple way to gain immediate access to morethan 400 million wireline and wireless subscribers in the UnitedStates." £ About BSG Clearing Solutions £ BSG Clearing Solutions is a leading global provider of clearingand settlement, payment services, and financial risk managementsolutions for communications service providers. The company processesover 20 billion transactions annually for 750 of the world's largestcommunications companies throughout North America, Europe and Asia.With a ubiquitous, scalable platform and an extensive portfolio ofclearinghouse services for fixed-line, wireless, Wi-Fi, and broadbandnetworks, BSG monetizes network transactions by facilitating thefinancial exchange of its customers' services. BSG meets the needs oftoday's complex network interconnections and anticipates therequirements of converging technologies, allowing for rapid andreliable deployment. BSG Clearing Solutions is an operating subsidiaryof Billing Services Group Limited, which is publicly traded on theLondon Stock Exchange (AIM) under the ticker symbol BILL. For moreinformation, visit www.bsgclearing.com. £ All company or product names are trademarks and/or registeredtrademarks. Copyright Business Wire 2007