Global standard validates the interoperability of Itron’s smart payment system, which makes it easier for everyone to access the benefits of prepayment technology
Technology and services company Itron has gained certification for its cloud-based Total Outcomes solution for smart payment. The Standard Transfer Specification (STS) certification by the STS Association is the only globally accepted open standard for prepayment systems.
The solution provides pre-payment vending and customer management software-as-a-service and managed services. Itron manages all aspects of a utility’s smart payment and vending operations, offloading the burden of day-to-day management tasks.
It also streamlines deployment of Itron’s keypad and smart meters for electric and gas utilities. Utilities also have the flexibility to move from a smart payment system to a smart metering post-payment system as their needs change in the future.
Total Outcomes is the first multi-commodity prepayment system to be certified by the STS Association. The certification validates the interoperability of the smart payment offering, ensuring that system components from different manufacturers of prepayment systems can work together.
It also confirms that the appropriate encryption key management practices are applied to protect the security of the prepayment transactions of utilities operating STS systems. The certification was achieved in collaboration with IPay (Pty) Ltd, Itron’s partner for smart payment processing.
Smart payment enables end-users to pay in advance for the electricity, gas and water they consume, improving a utility’s cash flow, and also creates more awareness of usage among consumers.
“We are making it easier and faster for utilities and their customers to access the benefits of prepayment technology. Utilities can rapidly deploy our technology, delivering greater time-to-value. And with STS certification, they can rest assured that our technology is interoperable and uses open standards,” said Bruce Douglas, senior vice president and general manager of software and services at Itron. “At Itron, we strive to make it easier for utilities to responsibly manage energy and water resources and improve service to their customers.”