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December 19, 2007

CyberPlat released the new version of the mobile handset application

CyberPlat® payment processing system, following its strategy aimed at providing maximum convenience to the customers, has released the new version of Mobile Payment Module. The new CyberPlat development was created on Java platform and it makes possible to substantially increase payment processing opportunities using mobile phones.

The new Java application version significantly increased performance of the application itself. The CyberPlat payment processing system software developers created the new cryptographic core of the Mobile Payment Module as well as restructured completely the program codes. These technological innovations made it possible to increase substantially the properties of the Java-based software as well as reduce the size of the Mobile Payment Module. At the same time high degree of transaction security has been maintained.

The new ultimately user friendly interface was created to provide CyberPlat customers with maximum convenience. As a part of our latest interface framework the new graphic indicators of payment transaction status were realized to make Java-based Mobile Payment Module even more convenient for users.

The range of the handsets to be used to accept payments employing the whole choice of CyberPlat® payment processing system functional properties was enhanced significantly as well. At the same time we have maintained traditionally high level of payment transaction security — all the transactions made by the users are protected by electronic digital signatures excluding any and all opportunities for fraud and making the transactions incontestable.

The new Java-based software bears the number of technological advantages in comparison to similar developments and I am sure the payment acceptance market participants will soon appreciate them. This is an ideal solution for those who are not ready to invest big funds in equipment — everything they need now is just a usual handset" — Denis Sadomskov, Technical Director, CyberPlat, commented.

CYBERPLAT OJSC is the leading Russian Internet company offering its services in the e-commerce segment, including payment processing and secure on-line document interchange. The company’s product is CyberPlat®, the universal multibank integrated internet-payment system — the absolute leader on the payment acceptance market. Currently the CyberPlat® cash acceptance network consists of over 100 000 points of sale, accepting cash payments for the leading telecoms service providers, pay-TV operators and various other service providers nation-wide, including Beeline, MTS, Megafon, Tele2, NTV-Plus and many others. The total estimated turnover of the system will amount 4.74 billion US dollars in 2007. Over 120 million payments are transacted through CyberPlat® payment processing system each month. The CyberPlat® electronic payment processing system is the member of GSM Association. BDO Unicom is the official auditor of CyberPlat.

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