Mobilians International Partners With PaymentOne to Provide Phone-Based Payment Solution
Innovative payment leaders join forces to provide consumers valuable new purchase methods for online transactions.
January 14, 2008 08:00 AM Eastern Standard Time
HERNDON, Va.--(BUSINESS WIRE)--Mobilians International, the online and mobile payments innovator, announced that it has signed an agreement with PaymentOne Corporation, one of the world's fastest growing online payment service providers (PSPs) and a leader in alternative payments, to provide PaymentOne’s PhoneBill™ payment service to Mobilians’ merchants.
Through this new partnership, Mobilians International’s merchants can reach over 150 million U.S. consumers, providing them the option to conveniently charge digital goods and services to their existing broadband and landline phone accounts.
“Mobilians is excited to offer this new payment offering to our merchants as we continue to expand our U.S. operations,” said Pragnesh Shah, president and chief executive officer of Mobilians International. “This represents the first phase in launching our payment platform in the U.S. and fully commercializes the core infrastructure of our alternative payments gateway.”
“This unique partnership opens new doors for PaymentOne as we seek to expand our base of merchants using the PhoneBill™ product,” said Joe Lynam, chief executive officer and founder of PaymentOne. “Mobilians International, and its majority investor Mobilians Co. Ltd. of South Korea, bring proven success and expertise in phone-based alternative payments and merchant acquisition. This agreement represents opportunities for future partnerships to develop a global payment gateway alliance between our companies.”
According to the 2007 Javelin Digital Payments Report, 80 percent of decisive consumers polled say they would "…be more inclined to purchase online if given a safer, more convenient payment method than credit card." This is up from an average of 74 percent in 2006, and up significantly from 61 percent in 2003.
“Javelin research continues to indicate a strong shift in preference to alternative payments for online transactions, based primarily on convenience and security needs and perceptions among consumers. Consumers preferred their phone bill as the top choice to make small digital purchases. These existing bills are trusted, easy and convenient methods for consumers to utilize for making digital goods and services purchases,” said Bruce Cundiff, research director for Javelin Strategy and Research.
About Mobilians International, Inc.
Mobilians International, Inc. is a leading mobile payments and e-commerce company that provides secure, easy-to-use payment methods for online purchases without the need for credit cards--simply by using mobile phones and mobile phone accounts. Its MobiCash™ product drives revenue growth and lowers shopping cart abandonment rates for targeted online merchants selling digital and physical goods, by providing customers a quick, hassle-free way to make purchases. Mobilians partners with postpaid and prepaid wireless carriers and other billing providers to deliver new incremental revenue streams while increasing customer retention. It utilizes robust and proven real time fraud management software systems to minimize risk for mobile service providers, merchants and consumers. Mobilians International is an independent U.S. corporation, with headquarters outside of Washington, D.C. and offices in San Jose, Calif. It is backed by the number-one mobile payments provider of its kind in Asia, publicly traded Mobilians Co., Ltd. of Korea. For more information, visit www.mobiliansinc.com.
About PaymentOne
PaymentOne Corporation is one of the world's fastest growing online Payment Services Providers (PSPs). 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 $3 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, Sulake (Habbo), United Online, NetZero and Time Inc.
To help online merchants attract, convert and retain a wider audience, PaymentOne's integrated suite of revenue optimization services include a unique set of non-credit card payment alternatives, macro and micro payments, identity verification and fraud detection, traditional payment processing, global payments, and a co-marketing distribution network. The company's flagship PhoneBill service provides merchants with access to over 220 million consumers with mobile, broadband and land line accounts. To learn more about PaymentOne, visit
www.PaymentOne.com or call 800-747-4028.
For More Information and Press Inquiries:
Michelle Jerrier
Abelson Group for Mobilians
917-370-6016
michelle@abelsongroup.com
Lisa Perteet
Payment One Corporation
408-362-4100
lperteet@paymentone.com
