Open mobile wallet showcased at MWC

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26 February 2014

Escher Group Holdings plc

Open Mobile Wallet solution showcased at GSMA Connected City at Mobile World Congress 

Escher Group Holdings plc, (AIM: ESCH, "Escher" or "the Group"), a world-leading provider of outsourced, point of service software to the postal industry, announces the inclusion of its mobile wallet in an "open mobile commerce ecosystem", which is part of the GSMA's Connected City initiative at this year's Mobile World Congress Exhibition in Barcelona, Spain. The Connected City is being pioneered by the GSMA, with the aim to showcase how mobile is delivering a rich customer retail experience.

The Connected City initiative highlights the interoperability of wallet vendors and digital coupons, and how coupons from multiple sources and multiple brands can be securely stored on the SIM card and redeemed at a single merchant. Other vendors include Deutsche Telekom, Gemalto and Verifone.

Donal Mc Guinness, Managing Director, Escher Interactive Services, said:

"We are very excited to be part of this collaboration with the GSMA. This multi-vendor initiative showcases the ability to push coupons securely into multiple mobile wallets and redeem them at a single vendor. Escher's mobile wallet and loyalty solutions deliver innovative and cost effective ways in which retailers can collaborate with each other, engage with their customers, and increase revenues".

Escher's mobile wallet currently provides retailers with solutions to achieve cost efficiencies, by digitizing redemption, validation, and settlement of loyalty coupons. It helps protect retailers from fraudulent activity, and delivers real time business intelligence to enable retailers to deliver relevant and value adding customer loyalty and acquisition initiatives.

Since 2012, Escher's mobile reward solutions have been deployed to over sixty high street retailers throughout Ireland. Brands include Daybreak convenience store, Health Matters, Finnbees Coffee House, Graham O'Sullivan and most recently the newly launched food court Green and Baker in Dublin's prime shopping centre, St Stephen's Green.

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About Escher Group

Escher is a world leading developer and provider of outsourced, point of service software for use in the postal industry worldwide. Its core software, RiposteEssential, enables post offices to expand upon their traditional offering, providing additional new services, reducing costs and increasing efficiency. Riposte is a messaging middleware that enables applications operating on different computers to communicate with each other. The Riposte software manages data, monitors the system status and communicates across the network. Escher operates across two divisions - its Retail Software Division and its Message Based Communications Division.

The Retail Software Solution (RiposteEssential) serves the postal and courier markets. Transactions include mail and financial services and the system is integrated with utilities and financial services companies, banks and central and local governments.

Escher's Message Based Communications Division (RiposteTrEx) is based on a digital post office box model and is designed to provide a national digital infrastructure linking governments, businesses and citizens via a secure platform.