August 22, 2011 12:06 PM Eastern Daylight Time
Unique combination of Mobile payments, fixed-line and broadband billing services propel expansion into global $250 Billion Mobile Payments Market
SAN JOSE, Calif.--(BUSINESS WIRE)--PaymentOne, the pioneer in frictionless payment and carrier billing solutions, today announced the company surpassed $5 billion in micro-payment transactions and incremental revenue generation for its digital clients. PaymentOne enables publishers, application developers and digital merchants such as AOL, Blizzard Entertainment and Gaia Online to sell more virtual goods, online and mobile services, and recurring digital subscriptions to consumers around the world. PaymentOne’s simple and secure “click and confirm” process places charges on the buyer’s existing mobile phone, fixed-line or broadband service bills without requiring any disclosure of credit card or sensitive financial information.
“Previously, merchants and publishers were not able to reach the many consumers that could not or would not transact with traditional credit cards online”
Silicon Valley based PaymentOne created this powerful frictionless payments category for internet based services more than 10 years ago, persistently demonstrating growth and innovation into mobile payments and digital commerce on virtually every connected device since. PaymentOne, as a profitable global company, stands tall in a market crowded with new startups with less stable financial situations, less breadth and unproven track records.
“Previously, merchants and publishers were not able to reach the many consumers that could not or would not transact with traditional credit cards online,” said Brad Singer, executive vice president of PaymentOne. “Our vision of enabling all consumers to participate in the digital economy still drives the company today. For the more than 5 billion global consumers with a mobile device, fixed-line or broadband connection, PaymentOne says ‘put your wallet away’ and use your phone number to pay.”
PaymentOne’s continuous innovation has led to a series of key patents for mobile payments, a simple user experience using a phone number as the basic key, and its secure “fraud-proof” payer authentication processes. The company’s groundbreaking AnyPhone™ solution is the industry’s first and only multi-mode carrier billing payments service, automatically detecting the best and least cost way to bill the consumer from virtually any connected device using mobile, fixed-line or broadband bills.
PaymentOne's simple frictionless payments process creates minimal disruption in the end-user's online activity, making it the ideal payments platform for multiplayer games, such as World of Warcraft, in-app payments, digital subscriptions and social network activities.
PaymentOne is equally focused on providing value to consumers, merchants, and operators. The company boasts the industry’s most secure and patent-protected transaction authentication system* to help protect consumers against fraud and scams. With its multi-mode payments options, PaymentOne increases conversion rates and improves merchant revenue -- a key reason the company’s customer retention rate is unmatched, with some companies working with PaymentOne longer than a decade.
According to a July 2011 Juniper Research report, remote mobile phone payments for digital goods alone will exceed $250 billion globally by 2015. To learn more about PaymentOne, visit www.PaymentOne.com or call 800-747-4028.
PaymentOne Corporation is the global leader in integrated operator billing, spanning mobile, fixed line and broadband payment services. More than 12 years ago PaymentOne invented the “no credit card required” operator billing model, allowing consumers to simply bill digital purchases on any connected device to their mobile, broadband or home phone bill. PaymentOne’s network of 1200 telecom operators in 70 countries reaches over 3.5 billion worldwide consumers, and has helped digital merchants, social media publishers and content providers generate more than $5 billion in incremental digital transactions. PaymentOne’s first rate customer service, robust patent portfolio covering fraud prevention, and proven ability to deliver new revenue has earned the company the lowest client churn rate in the business. Profitable and privately held, PaymentOne is headquartered in the Silicon Valley. To learn more visit www.PaymentOne.com.