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Ztar Mobile Selects Amdocs to Launch International Prepaid Top-Up Service

ST. LOUIS , May 04, 2016 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ:DOX), the leading provider of customer experience solutions, today announced that Ztar Mobile, a leader in private branded wireless services and solutions, will deploy Amdocs’ cloud-based, connected money solution for international mobile-to-mobile airtime recharging, or top-ups, in the US and Canada. This will allow customers to top up airtime of family and friends’ phones in home countries, providing an easier way for communities to stay in touch.

The Amdocs Mobile Financial Services Connected Money solution, deployed as a cloud service, will be integrated with Ztar’s payment systems and channels and is pre-integrated with TransferTo’s global mobile airtime transfer solution. This will enable Ztar to quickly integrate the top-up platform directly with the prepaid recharge solutions of various mobile network operators in targeted countries. The service will be delivered under a managed services contract, including service set-up and ongoing monitoring and operations. Amdocs will also assist Ztar to design and launch the service in the US and Canada.

“The international top-up service provides our retail clients with another convenient offer for their guests to instantly top up airtime of family and friends’ phones in their home countries,” said Kevin Haddad, CEO of Ztar Mobile. “Amdocs connected money solution, offered as a cloud-based service, will allow us to launch a valued service in no time while Amdocs’ expertise in international mobile financial services and customer knowledge will help us deliver an unmatched customer experience.”

“The US and Canada have more than 54 million1 first-generation immigrants, which offers immense opportunities to mobile service providers looking to enter the international top-up, bill-payments and remittances market,” said Patrick McGrory, division president for Amdocs emerging offerings. “The Amdocs solution, pre-integrated with TransferTo solution, enables Ztar to diversify their business and quickly tap into the new revenue streams of international top-up markets, delivering the immediate experience that customers demand in today’s digital age.”

1 Migration Policy Institute: Top 25 Destination Countries for Global Migrants over Time (2015)

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About Ztar Mobile

Ztar Mobile is a leader in private branded wireless services and software solutions to enable our clients to seamlessly deliver a wide range of innovative mobile experiences and services to their customers regardless of device or network. For more than 12 years, we have enabled private label wireless mobile programs, mobile engagement and IoT so our clients can serve their customers.

There’s no infrastructure to buy, set up, or manage -- giving our retail clients the fastest way to drive foot traffic, increase basket spend, improve share of wallet, and generate recurring revenue streams for their business. Our clients and their customers at the center of everything we do.

About Amdocs

Amdocs is the market leader in customer experience software solutions and services for the world’s largest communications, entertainment and media service providers. For more than 30 years, Amdocs solutions, which include BSS, OSS, network control, optimization and network functions virtualization, coupled with professional and managed services, have accelerated business value for its customers by simplifying business complexity, reducing costs and delivering a world-class customer experience.

The Amdocs portfolio enables service providers to capture the world of digital immediacy by operating across digital dimensions to engage customers with personalized, omni-channel experiences; creating a diversified business to capture new revenue streams; becoming data empowered to make business and operational decisions based on insight-based and predictive analytics; and achieving service agility to accelerate the fast rollout of new technologies and hybrid network services.

Amdocs and its 24,000 employees serve customers in over 90 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $3.6 billion in fiscal 2015.

Amdocs: Embrace Challenge, Experience Success.

For more information, visit Amdocs at www.amdocs.com.

Amdocs’ Forward-Looking Statement

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs’ growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs’ ability to grow in the business markets that it serves, Amdocs’ ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2015 filed on December 10, 2015 and our quarterly 6-K form furnished on February 16, 2016.

Media Contact: Sara Preto Fusion PR for Amdocs Tel: +1-212-651-4214 E-Mail: sara.preto@fusionpr.com

Source:Amdocs