Mobile Payment Magazine

PaymentOne Announces 7 Day Payout for Mobile Payments

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PaymentOne today announced PayOne FastPay, an industry-first mobile payments program that guarantees disbursements to merchants in as fast as seven days, dramatically reducing the typical 60-90 day waiting period for payouts required by carriers and other mobile payment vendors.

Merchants and publishers have long been frustrated by extended wait periods to receive their cash from mobile payments providers, often as much as 90 days.

In contrast, because of its long-standing carrier relationships and strong financial position, PaymentOne is able to dramatically reduce these wait times for its merchant customers. The PayOne FastPay program is the first in the industry to remove the industry standard 60-90 day wait times and guarantee qualified digital merchants their cash settlements in as fast as seven days.

“In addition to offering the broadest global reach and best merchant payout rates in the industry, it’s also important to ensure our customers have reliable and rapid cash flow,” said PaymentOne executive vice president Brad Singer. “PaymentOne tells consumers to ‘put your wallet away and use your phone number to pay’; we tell our merchants you should not have to wait to get paid or worry if your money is safe.”

In an effort to provide the best financial returns and eliminate risk for its customers, PaymentOne has established the Financial Services Group (FSG) within the company. PayOne FastPay is just the first in a planned set of innovative financial optimization and risk elimination programs the FSG will unveil for PaymentOne’s global merchants.

“For more than a decade PaymentOne has been a principal market leader in carrier billing, and is recognized as pioneering the business model as the industry knows it today,” said Yankee Group senior analyst Nick Holland. “To eliminate risk, merchants should look to proven vendors like PaymentOne. Accelerating mobile payment settlement cycles adds significant value to clients, and showcases PaymentOne’s continued innovation and market leadership.”

PaymentOne Files Patent Infringement Suit Against Zong Inc.

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PaymentOne Corporation a mobile payments and carrier billing company,  has filed a patent infringement lawsuit against Zong Inc., in the Northern District of California. In its complaint, PaymentOne asserts that Zong’s products and services infringe on multiple PaymentOne patents relating to phone number based validation, authentication, fraud control, and payments.

The complaint seeks unspecified damages and a court-ordered injunction against future infringement by Zong.

“For more than 10 years, PaymentOne has been at the forefront of developing and deploying technologies for carrier-based billing, mobile payments and advanced fraud protection,” said Joe Lynam, President and CEO of PaymentOne. “Since 2000, PaymentOne has invested significant time and money developing these proprietary technologies, and our systems have been deployed at numerous locations and merchants for much of this time. PaymentOne respects intellectual property rights and therefore has no choice but to aggressively pursue Zong and other companies that are infringing PaymentOne’s intellectual property.”

The asserted PaymentOne patents include United States Patent No. 7,080,049, entitled “Method And System For Processing A Transaction;” United States Patent No. 7,848,500, entitled “Method And Apparatus To Validate A Subscriber Line;” and United States Patent No. 7,848,504, entitled “Method And Apparatus To Validate A Subscriber Line.”

PaymentOne is represented in this action by the law firm Morgan, Lewis & Bockius, LLP.

Source: MarketWire

PaymentOne Launches Android Mobile Payment Solution

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PaymentOne Corp. has launched an Android Payment Solution and Android Developer SDK, which is an extension of its core Mobile Payments Platform. The company provides phone-enabled payments for landline, broadband, and mobile carrier billing.

The PayOne Android solution allows consumers to simply click and use their mobile phone number to securely pay for applications, in-game extras, and related digital services through a convenient feature on their mobile phone. Consumers experience a seamless payment solution without the delay of exiting the application or game, and unlike alternatives, no credit card, pre-registration or account signup is required.

“Game developers and publishers are looking for effective monetization solutions that don’t interrupt the gaming experience,” said Joe Lynam, President and CEO of PaymentOne. “We have been successfully partnering with digital merchants to monetize their services for over 10 years. In-game payments, subscriptions and virtual goods on all platforms, from console to PC to mobile device, are perfectly suited for carrier-based billing.”

Source: Marketwire

PaymentOne

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PaymentOne Corporation provides carrier-based billing for landline, broadband and mobile payments.

The company allows payment with “no credit card required” and has a 10-year track record in 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 1100 network operators and enables over 3 billion worldwide consumers in 67 countries to bill digital purchases on any device to their existing mobile, broadband, or home phone bill. The company has a patent portfolio covering fraud prevention, authentication, and alternative payments. PaymentOne is privately held and headquartered in the Silicon Valley.

More information: PaymentOne

PaymentOne to Demonstrate Android Payment Solution at 2011 Mobile World Congress

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PaymentOne Corp. will demonstrate its latest integrated mobile payment solution for Android based on the company’s patented Propensity-to-Pay fraud and security technology.

Called “PayOne,” the Android solution will be demonstrated at the Mobile World Congress trade show in Barcelona, Spain, February 14 through February 17, 2011.

The PayOne Android solution allows consumers to click and use any one of their phone numbers to securely pay for applications, in-game extras, and related digital services. Consumers experience a seamless payment solution without leaving the application or game, and  no credit card, pre-registration or account signup is required.

Developers and Publishers can integrate PayOne Android with minimal effort using the PayOne Developer SDK and benefit from the over 1100 carrier billing relationships PaymentOne has around the world. PayOne Android also provides the unique ability for publishers to maintain their brand and look/feel throughout the payment experience.

The Android market is rapidly expanding and according to Nielsen data, Android has increased its share of the Smartphone market by 10X in less than 18 months. Over 150,000 applications have been developed and are being broadly distributed on and off of the Android Marketplace, and market analysts project this market to exceed $6 billion in the next 3 years.

“Publishers and Developers are looking for simple open solutions that enable direct monetization of their applications in multiple distribution channels,” said Joe Lynam, President and CEO of PaymentOne. “We have been successfully partnering with digital merchants to monetize their services for over 10 years, and as every screen becomes a point of sale, from smart phones to tablets, and personal computers to TVs, our focus is to continue to provide payment services across all types of applications and devices that allow simple, safe and secure payments.”

PaymentOne’s AnyPhone is the only implementation of a seamless mobile payment solution that accepts any phone number and is backed by the patented Propensity-to-Pay technology that significantly reduces fraud and charge-backs.

Source: Business Wire

PaymentOne Partners With BilltoMobile to Offer Direct Mobile Billing

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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.”

Source: MarketWire