Amdocs: Banking on New Enhancements to Its Mobile Financial Services Solution to Gain Mobile Ecosystem Clout

Ron Westfall
Ron Westfall

Summary Bullets:

  • Amdocs unveiled a new set of enhancements to its MFS solution, including online merchant checkout payments that target the burgeoning demand of operators and financial institutions to deploy mobile payment services that meet the distinct needs of users in developing regions.
  • Amdocs still must prove it can generate the channels, including mobile device and OS partnerships, to drive mobile ecosystem acceptance of its MFS, especially against proven mobile wallet solutions from rivals such as Ericsson and Huawei, as well as alternative credit card and web-based payment (PayPal) methods.

During Mobile World Congress 2015, Amdocs rolled out a set of new enhancements to its Mobile Financial Services (MFS) solution. The enhancements included support for online merchant checkout payments, one-click bulk transactions, unified wallet, and priority wallet features. The solution is delivered over a public or private cloud, supporting a single mobile wallet that allows users to manage and control their finances. As a result, MFS enables online merchants to expand their payment channels and enable consumers to use their mobile wallet accounts for online transactions. Continue reading “Amdocs: Banking on New Enhancements to Its Mobile Financial Services Solution to Gain Mobile Ecosystem Clout”