PaymentOne, provider of frictionless payment and carrier billing solutions, has 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 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,” 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 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 payer authentication processes.
Silicon Valley-based PaymentOne created this frictionless payments category for internet based services more than 10 years ago.
PaymentOne’s simple frictionless payments process creates minimal disruption in the
According to a July 2011 Juniper Research report, remote mobile phone payments for digital goods alone will exceed $250 billion globally by 2015.