Verizon Business Boosts Connected Venue Roster With 5G Edge Accelerated Access

Rhea-AI Summary

Verizon has launched its innovative 5G Edge Accelerated Access solution to enhance safety and guest experiences at venues. This opt-in service uses video analytics, facial authentication, and ticket scanning to streamline entry and reduce congestion, reducing costs simultaneously. Part of Verizon's broader investment in over 75 public venues, this solution aims to improve access control and VIP management, ultimately enhancing operational efficiency. With a revenue of $133.6 billion in 2021, Verizon continues to strengthen its position as a leader in technology and communications.

Positive

• Launch of 5G Edge Accelerated Access enhances safety and guest experience with innovative technology.
• Streamlines entry processes, reducing congestion and wait times.
• Automation capabilities could lead to significant cost reductions for venue operators.
• Part of a larger strategy investing in over 75 major public venues, enhancing Verizon's market presence.

Negative

• None.

Verizon, the network America relies on, launches a new innovative facility and venue solution enabled by Verizon 5G Edge

BASKING RIDGE, N.J., Sept. 08, 2022 (GLOBE NEWSWIRE) -- With the fall football season underway, and thousands of fans packing into stadiums across the country, finding ways to improve safety, elevate the guest experience, and reduce costs are just a few of the things venue operators may have on their minds. Verizon Business’s 5G Edge Accelerated Access, an innovative facility and venue access control solution, can help solve for these needs.

Leveraging Wicket’s cloud environment, 5G Edge Accelerated Access is an opt-in solution that uses video analytics, facial authentication, and optional ticket scanning that is enabled by a mobile edge compute infrastructure. It authenticates the identity of a person via opt-in facial authentication for facility access and ticket redemption – all private and secured with end-to-end encryption.

“Verizon is the network America relies on and we pride ourselves on delivering innovative solutions that our customers want and need,” said Massimo Peselli, Chief Revenue Officer of Enterprise and Public Sector, Verizon Business. “Accelerated Access is a game-changer for venue operators. Leveraging the high-speed, low-latency, and inherent security of Verizon 5G Edge, Accelerated Access provides a competitive advantage. Just like the game of football, for a business, every tool or solution in the playbook is crucial to building a winning organization and we’re proud to be a part of it.”

Why 5G Edge Accelerated Access
Improve safety:

• Access control: Enable contactless access, reduce misused credentials and manage employees.
• VIP management: Receive alerts when VIPs enter and restrict access to sensitive areas.
• Facial ticketing: Guests can opt into having their faces paired with their tickets to help to reduce lines and congestion.
  

Elevate the guest experience:

• Streamline entry: Lower entry times and reduced congestion for guests.
• Improve experience: Allow guests to enjoy facility and venue amenities for longer periods of time.

Control costs:

• Automation and reduced lines: Automate check-ins while reducing wait times.
  

The launch of Verizon’s 5G Edge Accelerated Access solution is part of the broader Verizon Business Connected Venue approach which is rooted in its 5G investment in more than 75 large public venues in the United States, including some of the most iconic major sports and music venues. Verizon brings a mix of public and private network capabilities, a robust technology partner ecosystem, and a set of 5G partnerships that enable leagues, teams, and stadium operators to create and deliver a first-class fan experience and achieve desired venue operations outcomes. Examples include autonomous or cashierless retail, Accelerated Access, and Crowd Analytics as a Service.

Learn more about Verizon 5G Edge.

About Verizon
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $133.6 billion in 2021. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Kyle Ragonese
732-236-3526
Kyle.ragonese@verizon.com

FAQ

What is Verizon's 5G Edge Accelerated Access solution?

It is an innovative facility and venue access control solution utilizing video analytics, facial authentication, and ticket scanning.

How does Verizon's new solution improve safety in venues?

It enables contactless access, reduces credential misuse, and alerts management about VIPs.

What benefits does 5G Edge Accelerated Access provide to guests?

It streamlines entry, lowers wait times, and allows guests to enjoy amenities longer.

What financial results did Verizon achieve in 2021?

Verizon generated revenues of $133.6 billion in 2021.

How does this solution affect venue operational costs?

It automates check-ins and reduces lines, potentially leading to lower operational costs.