Arvato services and Margento announce Joint Venture
Gütersloh, 18. September 2009 – Arvato services, the services arm of Bertelsmann’s Arvato division, and Margento B.V., a technology company from the Netherlands, today announced the formation of a joint venture. The JV, headquartered in Munich, will offer customers comprehensive transaction and payment services via the mobile phone.
Innovative solutions for mobile transaction and payment services
Margento will bring its proven transaction platform to the 50-50 joint venture, as well as its patented Data-Over-Voice (DOV) technology, while Arvato services will contribute funding and its extensive expertise in Marketing, Customer Relationship Management (CRM), Supply Chain Management (SCM) and Finance services.
“We are excited about opening up the German market for mobile transaction services with Arvato as our partner,” said Margento CEO Gregor Breznik. Arvato services’ managing director Mario Schwegler added: “The JV’s balanced mix of expertise in services and technology forms an outstanding basis for a nationwide implementation of mobile loyalty and payment services in Germany.”
Margento’s innovative technology turns mobile phones into a convenient, secure tool for payments and other transactions. Customers can use their mobiles to collect and redeem bonus points, pay for products and services, top up the balance on pre-paid phone accounts, redeem coupons, use mobile tickets, and buy and send electronic gift vouchers – all via a single terminal at POS.
In addition to this rich functionality, Margento’s technology boasts other key benefits: it guarantees the highest security standards, it is mature and has already been proven in actual use, and unlike the much-hyped NFC technology, it works with all mobiles, by all manufacturers, without the need for additional hard- or software. Besides, as Breznik points out, it is incredibly easy to use: “With our DOV technology, any mobile phone is immediately ready to go, without the need for further modification. Customers don’t have to write a text, access a browser or open complicated applications. They just make a phone-call.”
About Arvato services:
Arvato services, a subsidiary of Arvato, is the leading service provider for every aspect of effective solutions in the fields of Customer Communication, Supply Chain Management and Financial Services in Europe and non-European markets. Arvato services offers one-stop shopping concepts to its customers for CRM-/SCM-Consulting, Customer Loyalty, Data Management, E-Commerce, Lettershop, Customer Service, Logistics and Finance, supported by IT-solutions. More than 30.000 Arvato services employees serve the customers of their customers worldwide.
Margento is an innovative global provider of powerful mobile transactions solutions that provide Margento partners with proven and profitable mobile transaction programs. Without any phone upgrades, Margento instantly turns any mobile phone into easy-to-use, convenient, and secure payment and transaction instrument, enabling all mobile phone users to use their existing phones to purchase products and services, recharge their prepaid accounts, receive and use their loyalty bonuses, redeem coupons, use mobile tickets, or purchase electronic gift vouchers.
The mobile transactions and payment world is becoming increasingly dynamic, demanding and unpredictable. Margento is leading the way by delivering the mobile future now – with the patented DOV technology, complete line of point of sale retail terminals, transaction processing software platform and the richest solutions portfolio based on a single platform.
Tel. +49 5241 80-3408