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Redmond, WA - June 1st, 2008-mCASH Holdings LLC launches the mCASH
Licensing program, under which licensees will be able to utilize all
the functionality of the mCASH back office solution combined with
the mSPACE mobile application. All licensees will be able to use
their existing bank and processor relationships and simply integrate
via web services into the mCASH Mobile Commerce Network. This
product release also allows all users of mCASH regardless of bank
processor to move money to one another.
The release of the new licensing model provides virtually any card
issuer the ability to link their card program to the feature set of
the mSPACE data application. By utilizing the licensing model,
organizations will be able to launch their own private labeled
mobile commerce program in as little as three to four months, saving
two to three years off of the development, certification and launch
process.
Other benefits include the ability for licensees to set their own
commission, compensation, fee structure, and incentive programs for
their downstream dealer and customer network. By controlling the
downstream compensation and fee structure the licensee is empowered
to incentivize the appropriate dealer and customer behavior to
maximize their value behind the program offering.
Jay Cisinsky, Vice President of mCASH Holdings says, "All details of
the licensing model have been designed to allow mCASH licensees the
ability to launch their solution quickly with minimal development
impact to their existing infrastructure."
As most license model customers are already in the banking space and
looking to increase their offerings to the public, the addition of
the mSPACE application with support of the mCASH infrastructure
offers licensees the unique ability to utilize their existing bank
and processor relationships and immediately capitalize on new
cutting edge mobile technology that consumers are eager to utilize.
To expedite integration and reduce the licensees time to market all
licensees are provided a complete set of APIs, allowing a secure
back office connection to the mCASH platform while saving time and
capitalizing on the licensees existing front end infrastructure.
More information on mCASH and demos of the mSPACE application can be
found at: www.mcashholdings.com and
www.mCASH.net
About mCASH Holdings LLC
mCASH Holdings, LLC was initially established in 2006 by Seattle
based telSPACE, LLC as a program to increase customer loyalty
therefore decreasing customer churn for its 43+ Mobile Virtual
Network Operator (MVNO) clients. Given the current market potential,
telSPACE elected to spin off mCASH to provide additional focus and
expand the business independent of the MVNO market niche. Today,
mCASH has assembled a management team of industry veterans and is
recognized as one of the top innovators in cutting edge Mobile
Commerce Technologies and a leading provider of prepaid debit
products in the market.
Leveraging core telSPACE technology, mCASH has developed a unique,
powerful and feature rich mobile phone application called mSPACE.
This application is provisioned on a customer's wireless phone and
among other things allows customers to completely control and manage
their prepaid debit account anywhere, anytime.
About telSPACE:
telSPACE, LLC was founded in 1998 and is the leading Mobile Virtual
Network Enabler (MVNE) in the wireless industry. Through proven
knowledge and industry experience, telSPACE has developed the most
comprehensive and robust third-party billing and operating system
available. telSPACE is connected to all of the top wireless network
operators including: Verizon Wireless, AT&T Wireless, Sprint, and
T-Mobile. The company currently provides its full service billing,
rating, carrier provisioning and automation, call center customer
service, fulfillment, IVR and SMS services to 40+ MVNOs, which
doubles the reach of their competitors combined.
Contact:
D. Garth Billstin
mCASH Holdings LLC
garth@mcashholdings.com
Office: 425-284-1781
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