SYS-CON MEDIA Authors: Kevin Benedict, Gilad Parann-Nissany, Michael Bushong, Eric Brown

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Forbes Media and Lotaris Announce Creation of Forbes Digital Commerce

Forbes Media and Swiss-based technology company Lotaris SA today announced a licensing arrangement, effective immediately, that grants Lotaris the rights to the name Forbes Digital Commerce. Managed by Lotaris SA, Forbes Digital Commerce provides mobile payment-based services and solutions to various industry sectors.

"Forbes Digital Commerce was formed to address the huge inefficiencies and friction in the B2B and B2C payment space across multiple industries worldwide. The payment space would benefit greatly from mobile-based solutions,” said Mike Federle, COO of Forbes Media. "This licensing arrangement allows us to extend and leverage the Forbes brand and step solidly toward the future of how people and companies transact."

"We are living in a mobile-centric world, with enterprises and consumers increasingly relying on the immediacy and richness of interactions and transactions through mobile devices. Intelligent mobile applications facilitate ongoing relationships with users, anticipating their context-specific needs, and allowing them to move between the digital and physical worlds. All of this is resulting in better user experiences, loyalty and greater transaction volumes,” said Mr. Robert Tibbs, CEO of Forbes Digital Commerce, explaining the company’s vision.

Through Lotaris SA, Forbes Digital Commerce has already partnered with Microsoft in providing commerce services for the Windows and Windows Phone Stores, and provides mobile payment services to large enterprises such as Symantec and Capcom.

About Forbes Digital Commerce: Forbes Digital Commerce is reinventing and improving the efficiency and user experience of B2B and B2C payments across multiple industry sectors worldwide. Based on its cloud-based entitlement management and commerce platform, Forbes Digital Commerce builds and deploys smarter solutions aimed at providing opportunities to build relationships with customers and increase transaction volumes.

About Forbes Media: Forbes Media Forbes Media LLC, publisher of Forbes magazine and forbes.com, is an authoritative source of news and information on business, investing, technology, entrepreneurship, leadership and affluent lifestyles. Forbes.com, a leading business website, currently reaches 26 million monthly unique visitors, according to comscore worldwide (December 2013). Forbes magazine, Forbes Asia and Forbes Europe attract a global audience of more than 5 million readers. The Forbes magazine iPad app merges the power of print storytelling with social sharing and the web. The Company also publishes ForbesLife magazine, as well as 33 licensed local editions around the world.

Lotaris SA: Lotaris is a global payment services and solutions provider. Through its cloud-based entitlement management and commerce platform, it supports all major platforms and in-App business models for both purchasing and advertising, through any channel and all major payment methods, seamlessly on one award-winning platform. For more information, please visit www.lotaris.com

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