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  Press Release

Press Contact
Julie Bower, Rivercalm
Tel: 020 7665 1636
bower@rivercalm.com

Mosaic Software Contact
Karen Tighe, Marketing Manager
Karen@mosaicsoftware.com

Mosaic Software delivers Mobile Prepayment Facilities in Eastern Europe

* Retailing, Utilities and Government Bodies in Poland first to benefit

London, 15th October - Mosaic Software, global Electronic Funds Transfer (EFT) solutions vendor today announced that Polfon, Poland’s newest Transaction Processor, has chosen their Postilion solution to be at the heart of processing mobile prepayment and utility bill payment in this fast developing country.

Polfon is the recently formed transaction processing company founded by Delaware based company Alpha Group Corp., LLC. that has on-hand experience in developing and managing high- tech projects in Poland. Polfon has chosen Postilion to control and supply a database of Pre-Paid mobile phone vouchers and on-line Pre-Paid TopUp to which Polish Mobile operators will have access. Postilion will manage both cash and card payments.

The business benefits for Polfon of choosing Postilion include a fast return on investment, due to the rapid speed to market as well as the flexibility to respond to new market requirements in the future. Polfon aims to have over 15,000 terminals at a variety of retailing, utility and Government body locations across Poland over the next 2-3 years. These terminals will facilitate mobile prepayment top ups using cash or card as well as managing cash payments for utility bills and other financial services in the future.

Poland is the largest market for mobile phones in Eastern Europe and is in fact 4th largest in Europe. With approximately 70% of the population being un-banked or holding merely simple savings accounts, the necessity for such a system to replace the current manual voucher system is high, with obvious benefits to the 3 network operators in the country. The Polish mobile phone market is still in its infancy, with between only 5-10% of the population currently owning a mobile phone.

“The time is perfect for such a service to be introduced. Vouchers are currently the trusted method of mobile top-ups, however as the penetration of phones increases the overhead for the mobile operators will become untenable. E-top ups are the only way forward,” comments Max Ebenstein, President of Polfon. “Postilion from Mosaic Software was the most obvious choice for us. Their experience in a breadth of prepay payment methods is extensive and the fact that they can deliver full settlement and reconciliation as part of the package is a considerable cost saving for us. Their flexibility in terms of speed of delivery also gives us great confidence for some of our exciting implementation plans in the future.”

About Mosaic Software
Mosaic Software is a leading edge provider of electronic funds transfer (EFT) software for consumer-generated electronic transactions, and is the market leader for web- enabled ATM and prepay software solutions. The company is held by strategic partners GE Equity and Comparex Holdings, and Mosaic Software management. With offices in the UK, the US, South Africa and Australia, Mosaic Software has a strong global presence.

The company is firmly established in the financial services industry and its EFT solutions drive operations in a large number of multinational companies and industry leaders around the globe. Clients include financial institutions, retailers, Internet service providers, card issuers, telcos, data processing service providers and some of the foremost players in the emerging online industry.

Mosaic Software’s European clients include Retail Decisions (ReD), Transaction Network Services, Royal Sun Alliance, GE, and Ashburn UAB. International clients include American Express and 7-Eleven.

For further information please see www.mosaicsoftware.com

About Polfon
POLFON Spólka z o.o. (Polfon) was established to participate in the market arising from strong demand for innovative electronic distribution and financial services from Mobile Operators and Utilities. The implementation of the innovative Electronic Funds Transfer Platform (EFTP) along with Polfon’s exclusive Electronic Distribution and Management Solution (EDMS) will meet this demand.

The Polfon business concept and EDMS are unique for Poland; there is currently no electronic distribution and management solution for prepaid and utility bill payment services in key distribution retail channels.

For more information about Polfon please contact us directly at: +48 22 654 1177.



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