BILL.L Regulatory News (BILL)

25 Jan 2006 07:02

Billing Services Group Limited25 January 2006 For Immediate Release 25 January 2006 Billing Services Group Limited Announces Credit Card Processing Service Offers Communication Service Providers Fully-Managed, Integrated, And Seamless Processing Of Credit Card Transactions Bermuda - January 25, 2006 - Billing Services Group Limited, a global providerof clearing and settlement, payment services, and financial risk managementsolutions for communications service providers today announced that itsoperating subsidiary BSG Clearing Solutions has launched its credit cardprocessing solution in North America. The service provides secure credit cardprocessing for all major credit card associations and adds a comprehensiveanalytic fraud service for transaction risk management. "We're pleased to extend our suite of payment options with the introduction ofcredit card processing to our customers," said Patrick Haynes III, CEO of BSGClearing Solutions. "Our offer further expands BSG Clearing Solution's reach andcapabilities as a trusted and reliable billing solutions provider, makingservice and bundling easier, enhancing revenue opportunities and improving cashflow." BSG Clearing Solutions began successful merchant implementations and processingof consumer credit cards approximately six months ago, and currently supportsmerchants in the telecom and ecommerce industries. BSG's processing portfolionow includes LEC invoicing, mobile roaming clearing, direct billing, revenuerecovery and credit card processing.BSG Clearing Solutions credit card processing incorporates: •Fully Integrated Risk Management and Analytic Fraud Services: Flexible fraud detection technology provides transaction risk management with screening tools for velocity checks, geo-location, rule weighting, risk scoring, and more. This integrated real-time risk management platform is further enhanced by a BSG Clearing Solutions proprietary database made up of 15 years of historical LEC billing data. The integration of this data and technology has created a one-of-a-kind risk management solution that will allow service providers to increase collectables and improve cash flow. •Comprehensive WebTrack Reporting Tool: Complete accounting and administration in a flexible, easy-to-use, secure application over the Internet. WebTrack simplifies administration settlement by providing the ability to view specific data on a daily basis and to print customer activity reports on a provider-by-provider basis. •Customizable Recurring Billing Application: Management of individual consumer accounts through a variety of subscription and installment options. Service providers can offer their customers flexible payment schedules and automate transactions on a weekly, bi-weekly, monthly, bi-monthly, quarterly, twice-yearly, or yearly basis. •Dedicated Customer Service Support: A single point of contact at BSG Clearing Solutions is assigned to each service provider customer. •Enhanced Bundled Offerings: Fully integrated and scalable solutions allow service providers to capitalize on the inherent cost-effectiveness and revenue-enhancing billing solutions that are available through using a single source solution. For further information please contact:Buchanan Communications Tel: +44 (0) 20 7466 5000Bobby Morse / Jeremy Garcia / James Strongjamess@buchanan.uk.com Blanc & Otus Public Relations Tel: +44 (0) 20 7413 3229UK trade media relationsTrudie Parsonstparsons@blancandotus.co.uk About BSG Clearing Solutions BSG Clearing Solutions is a leading global provider of clearing and settlement,payment services, and financial risk management solutions for communicationsservice providers. The company processes over 15 billion transactions annuallyfor 570 of the world's largest communications companies throughout NorthAmerica, Europe and Asia. With a ubiquitous, scalable platform and an extensiveportfolio of clearinghouse services for fixed-line, wireless, Wi-Fi, andbroadband networks, BSG monetizes network transactions by facilitating thefinancial exchange of its customers' services. BSG meets the needs of today'scomplex network interconnections and anticipates the requirements of convergingtechnologies, allowing for rapid and reliable deployment. BSG Clearing Solutionsis an operating subsidiary of Billing Services Group Limited, which is publiclytraded on the London Stock Exchange (AIM) under the ticker symbol BILL. For moreinformation, visit www.bsgclearing.com. All company or product names are trademarks and/or registered trademarks. This information is provided by RNS The company news service from the London Stock Exchange