SOURCE: PaymentOne

PaymentOne

February 09, 2011 08:00 ET

PaymentOne Partners With BilltoMobile to Expand Direct Mobile Billing

BilltoMobile and PaymentOne Corp. Sign Agreement to Enable Higher Payouts and Enhanced Security for Mobile Payments

SAN JOSE, CA--(Marketwire - February 9, 2011) -  Two of the leading mobile payment and carrier billing companies in the world have agreed to provide merchants and consumers with a seamless and secure mobile payment experience. San Jose-based PaymentOne has partnered with BilltoMobile to offer PaymentOne merchants and customers more competitive payouts and advanced security compared to premium SMS through the BilltoMobile Direct Mobile Billing (DMB) payment service which is directly connected into the carrier billing system.

PaymentOne Corp., founded in 2000 and profitable since 2005, continues to experience exponential growth as the only provider to offer billing to mobile, broadband and fixed landline carriers through the PaymentOne AnyPhone™ solution. PaymentOne has processed more than $4 Billion in retail charges for virtual goods and subscription services on carrier bills. PaymentOne's AnyPhone Network reaches 3 billion consumer bills in more than 70 countries through contracts with over 1,100 operators.

BilltoMobile, and its strategic investor, Danal, Co., Ltd (Seoul, Korea) are also one of the global leaders in processing eCommerce mobile payments and have processed over $4 Billion in mobile billing transactions. Their service is leading the way globally for financial grade mobile payment standards that are revolutionizing the mobile billing space.

Joe Lynam, PaymentOne CEO, and Jim Greenwell, BilltoMobile CEO, issued a joint statement: "PaymentOne and BilltoMobile agreed to collaborate to enhance both the merchant and consumer value proposition. Consumers will benefit from a secure and convenient payment solution. Merchants and publishers will enjoy improved payouts and dramatically improved 'friendly fraud' mitigation from PaymentOne's Propensity-to-Pay™ fraud management system. This collaboration will significantly enhance the world's largest merchants' and online publishers' ability to monetize the rapidly growing consumer demand for virtual goods and services."

About PaymentOne
PaymentOne Corporation is the global leader in carrier-based billing for landline, broadband and mobile payments, and one of the world's fastest growing Payment Services Providers. Founded in 2000, the company has been profitable since 2005 and pioneered "no credit card required" payment services that connect digital merchants, social media publishers, content providers and network operators. PaymentOne has generated over $4 billion in new digital revenue for brand name clients including Blizzard Entertainment and America Online. AnyPhone™ connects with over 1000 network operators and enables over 3 billion worldwide consumers in 70 countries to simply bill digital purchases on any device to their existing mobile, broadband or home phone bill. The company has a robust patent portfolio covering fraud prevention, authentication, and alternative payments. PaymentOne is privately held and headquartered in the Silicon Valley. To learn more visit http://www.PaymentOne.com or call 800-747-4028.

PaymentOne, AnyPhone, and Propensity-to-Pay are registered trademarks or trademarks by PaymentOne Corp., BilltoMobile is a trademark of BilltoMobile. All other brand names, product names, or trademarks belong to their respective holders.

Contact Information

  • Media Contact

    Florian Brody
    VP Marketing
    PaymentOne Corp.
    Email Contact
    (408) 362 4127