SOURCE: PaymentOne

June 12, 2007 07:00 ET

PaymentOne Adds Mobile Payments to Industry Leading PhoneBill™ Service

Digital Merchants Can Now Offer Alternative Pay Options to Over 200 Million Consumers

SAN JOSE, CA--(Marketwire - June 12, 2007) - PaymentOne® Corporation, one of the world's fastest growing online Payment Services Providers (PSPs) and a leader in alternative payments, announced the addition and immediate availability of mobile payments with its industry leading PhoneBill™ service.

In addition to the over 100 million phone/broadband consumers, PaymentOne customers will now be able to offer over 150 million mobile phone consumers a simple and safe way to charge online digital content purchases to their cell phone. PaymentOne is the first provider to combine broadband and landline billing capabilities with mobile payments, providing online merchants a one-stop shop for alternative "no credit card required" payments.

To use their mobile bill to pay for online transactions, consumers can simply send a message to a specific short code or enter their mobile number into the merchant web site. Consumers will then confirm and authorize the charge and be able to access the content or service.

Celent, a major industry analyst, expects the value of mobile payments worldwide will more than double in the next couple of years, jumping from $24 billion this year to $55 billion by 2008.

Consumers, including younger demos as well as well-established segments with substantial disposable income, continue to demand safer, more convenient ways to pay online. Deploying advanced payment options represents a significant growth opportunity and competitive imperative for online merchants, and unlike other major enhancements, does not require up front investment or incremental marketing costs.

"No credit card required" payment options represent significant potential for content providers and network operators to attract more consumers. When asked specifically which existing bill they would like to add small purchases to, a majority of consumers pick their existing phone bills (see full 2007 Digital Media Payment Report at http://www.paymentone.com/2007poll/index.asp).

"We are pleased to provide our merchants even more ways to monetize and transact," said Joe Lynam, CEO of PaymentOne. "As lines will increasingly blur between mobile, online and IPTV, consumers and merchants alike will demand a safe, secure and low friction payment process irrespective of the medium. The consumer preference to simply 'bill it to my account' can now be even better served with our combined offer of Mobile, Fixed-Line and Broadband Carrier billing."

Since 2000, PaymentOne's flagship PhoneBill service has enabled consumers to simply charge internet services to their existing phone and broadband bills.

PaymentOne merchants have seen increases in new revenues of 25 to 35 percent. PaymentOne merchants have generated over $2.5 billion in incremental revenues by deploying "no credit card required" payment options, and have acquired millions of new subscribers that were previously unreachable.

PaymentOne's PhoneBill™ service including mobile payments is available immediately.

About PaymentOne

PaymentOne Corporation is one of the world's fastest growing online Payment Services Providers (PSPs) and leading provider of PhoneBill™ to digital media providers. Founded in July 2000, PaymentOne has pioneered payment and marketing services that connect digital merchants and network operators and accelerate the adoption of online content and services by over 25%.

Based in Silicon Valley, PaymentOne has generated over $2.5 billion in new digital revenue over the last 36 months for its clients and partners. The company manages a network of over 1000 telecommunication/broadband providers, mobile operators and content partners including leading ISPs, BSPs, Telcos, broadband operators and media companies such as America Online, United Online, NetZero and Time Inc.

To learn more about PaymentOne, visit www.PaymentOne.com, email info@paymentone.com or call 800-747-4028.

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