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Technology Stocks : Ericsson overlook? -- Ignore unavailable to you. Want to Upgrade?

To: Taro who wrote (3732)	10/5/1999 10:47:00 AM
From: Souze	Respond to of 5390

Ericsson and Dutch ISP WISH sign contract for new e-commerce platform from EHPT Ericsson has signed an agreement with Dutch Internet Service Provider WISH to supply a new payment system based on Jalda . Jalda is a non-proprietary, highly secure, multi-purpose payment system for Internet commerce. The Jalda technology, which originally was developed by Ericsson, is owned and is being further developed by EHPT, a joint venture between Ericsson and Hewlett- Packard. WISH is the first ISP in the world to offer this Internet payment system. Through Jalda, WISH will be able to offer commercial services and products via the Internet, such as video on demand, games and information services. Charges can be incurred according to elapsed time, mouse clicks, searches, levels or other specified parameters and in any amount. It is the first system that allows small payments without the use of credit cards. The fact that Jalda enables end to end secure session-based micropayments, opens the door to markets which previously could not be reached by the Internet. "Jalda will enable us to create innovative new business models, offering our customers a greater variety of goods and services. As our customer base is rapidly expanding we need to be at the forefront of e-commerce technology," says Jacob Pieterman, Holding Director WISH. The major part of the debate surrounding Internet payment has, up until now, been about different ways of sending credit card details over the Web. Instead Jalda works by using a trusted third party, in this case WISH, to handle relations between shoppers and retailers in an easy and cost-effective way. "Jalda lowers the threshold for e-commerce and, as an open, flexible payment solution, it can be easily integrated into any existing Internet environment," says Eric van Soest, General Manager New & Global Operators/ISPs at Ericsson Netherlands. "In view of the reactions in the market, we are convinced other ISPs and operators will be interested in this new technology." Ericsson is the leading provider in the new telecoms world, with communications solutions that combine telecom and datacom technologies with freedom of mobility for the user. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for its customers - network operators, service providers, enterprises and consumers - the world over. Please visit Ericsson's Press Room at: ericsson.se FOR FURTHER INFORMATION, PLEASE CONTACT Antoinette Torell, Ericsson Corporate Communications Phone: +46 70 519 36 99, E-mail: antoinette.torell@lme.ericsson.se Monique Mols, Press Manager Ericsson Telecommunicatie BV, Netherlands Phone: +31 161 249873, E-mail: monique.mols@etm.ericsson.se