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Technology Stocks : 724 Solutions (NASD: SVNX, TSE:SVN) -- Ignore unavailable to you. Want to Upgrade?

To: manfmnantucket who wrote (306)	10/11/2000 8:42:16 AM
From: Ellie	Read Replies (1) \| Respond to of 337

724 Solutions Inc. and Brodia team to enable mobile purchasing and payments. newswire.ca Companies to develop connectivity between the 724 Solutions Financial Services Platform and Brodia's mobile wallet services CHICAGO, Oct. 11 /CNW/ - Mobile access to financial information, personal commerce services, and anytime, anywhere shopping will soon be at consumers' fingertips. Software infrastructure developer 724 Solutions Inc. and Brodia, a personal commerce and payment infrastructure company, signed an agreement today to enable interoperability between the 724 Solutions Financial Services Platform (FSP) and Brodia's mobile wallet services. The agreement extends the capabilities of 724 Solutions' financial services infrastructure software with a gateway-level connection to Brodia's Identity Management System (IDMS). The resulting service will allow consumers to securely access their credentials stored in the IDMS, and securely perform transactions on a variety of browser-enabled mobile devices accessing FSP-based financial services. "Enabling mobile access and connectivity to best-in-class e-commerce applications like the Brodia IDMS represents the fulfillment of another key piece of the 724 Solutions m-commerce plan," said Chris Jarman, Executive Vice- President, m-Commerce, 724 Solutions Inc. "Both companies' commitment to developing solutions that simplify consumers' lives and to offering the highest level of financial institution-grade security will make this integrated technology a winning choice for financial institutions, merchants and mobile carriers throughout the world." Work to enable interoperability between the two technologies will begin immediately. "Brodia's digital wallet, made universally available, is a fundamental building block for mobile commerce," said Brodia Chief Executive Officer Ron Martinez. "By integrating this core Brodia platform service with the 724 Solutions FSP, we're working to rapidly make mobile commerce a simple, useful and valuable option for consumers." This agreement furthers 724 Solutions' commitment to developing open, flexible and scalable solutions for the financial services industry. Since its first mobile commerce initiatives were announced last spring with companies like MasterCard, and Bank of Montreal with Canadian retailer Indigo.ca, 724 Solutions has moved quickly to bring together valuable elements to build- out its m-commerce strategy - including the recent acquisition of Spyonit.com to enable the TellMeWhen vision of notification technology, and now this interoperability agreement with Brodia. About 724 Solutions Inc. 724 Solutions provides an Internet infrastructure solution to financial institutions that enables them to offer personalized and secure mobile banking, investment, and commerce services across a wide range of Internet- enabled wireless and consumer electronic devices. The company provides end-to- end customer support through its global application hosting and contact centre services. 724 Solutions' customers comprise world-class financial institutions that total 165 million customers. 724 Solutions' common shares are listed on the NASDAQ National Market (SVNX) and The Toronto Stock Exchange (SVN). Headquartered in Toronto, Canada, the company has offices in London, San Francisco, Sydney, and Tokyo. For additional information visit www.724.com. About Brodia Brodia (www.brodia.com/platform) provides the premier platform and core applications to enable personal commerce, payments and identity management on any mobile or other network-connected device. The company's services are available through a range of the largest financial institutions whose collective customer base is in excess of 200 million. Based in San Francisco, and with offices in New York and in Paris, the company is funded by Draper Fisher Jurvetson and Capital Z. This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward- looking statements by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar expressions. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks related to: the risk that technologies for the delivery of financial or e-commerce services over the Internet and wireless networks will not be developed or be attractive to consumers as anticipated; the risk that 724 Solutions and Brodia will not successfully deploy or operate services based upon the 724 Solutions Financial Services Platform or Brodia's platform; and other risks outlined in 724 Solutions' SEC filings, and filings with Canadian Securities Administrators, including but not limited to 724 Solutions' registration statement on Form F- 1, prospectuses, material change reports, Annual Information Form, Form 20-F, Management Information Circular, or filings on Form 6-K. 724 Solutions and Brodia do not undertake any obligation to update this forward-looking information, except as required under applicable law.