Alliance Enables Secure and Cost-effective Method for Mobile Payment Services

Purchasing products and services is now as easy as the push of a button on a mobile phone. Unisys has entered into an agreement with Mint AB, a leading provider of mobile payment services, to deliver Mint's state-of-the-art mobile payment services to global financial services and telecommunications providers.

Under the agreement, Mint's payment solutions will become part of Unisys growing portfolio of m-commerce applications that enable its clients to enhance customer loyalty, attract new subscribers, and open additional revenue streams. Unisys can integrate Mint's value-added mobile payments, loyalty services, person-to-person transfers and mobile parking payment solutions into a provider's existing services, giving their customers a quick, convenient and secure method for making transactions through the mobile phone.

Market research firm Celent Communications predicts that the dollars spent on mobile payments will grow 260 percent annually from 1999 to 2004, reaching close to $50 billion.

``The market for secure and easy-to-use mobile payment services is growing at a fast rate, and through our search for global leaders in this market, we found Mint AB's service to be superior,'' said Bennet Bayer, vice president, m-Commerce at Unisys. ``Combining Mint's leading-edge technology with Unisys proven systems integration abilities gives providers within the financial and telecommunications industries a distinct advantage for capitalizing on this market growth. In addition, Unisys can host a company's mobile payment service from a remote location.''

Mint is an integrated mobile payment and loyalty service enabling consumers to conveniently order and pay for goods and services through the use of a mobile device. The consumer can connect any mobile phone to the service and choose to pay on a prepaid or credit basis. In addition, the mobile payment service can be used in security applications and has an easy-to-use Internet payment application.

``Our agreement with Unisys is an important step for Mint,'' said Patrik Mossberg, CEO of Mint AB. ``Unisys global customer base of financial and telecommunication operators, in addition to its distribution network, will enable Mint to reach new markets with our value-added services.''

About Mint AB

Mint AB is a mobile payment service that enables people to make payments with their ordinary mobile cell phones. Fredric Ankarcrona, Wouter van der Wijngaart and Patrik Mossberg established the company in February 2000. Mint was launched in Stockholm in January 2001. Jacob Palmstierna is chairman of the board and Ledstiernan is the main financier. For further information, please visit http://www.mint.nu.