Latest Patents Cover Authentication, Security and Fraud Control for Rapidly Growing Mobile Payments and Direct Carrier Billing Services
San Jose, CA. – (Marketwire – Feb 14, 2011) – PaymentOne Corp., the leader in global carrier billing for landline, broadband and mobile consumers announced today the issuance of two new patents by the US Patent Office related to multi-billion dollar markets for mobile commerce and direct carrier billing.
The patent for invention number 7,848,504 covers leading edge fraud control and user authentication for commerce that is conducted using a carrier connected billing telephone number.
The patent for invention number 7,848,500 covers innovative Internet payment methods and modalities tied to a user's mobile, broadband and/or landline account.
"These latest patents contain a series of claims that enable frictionless and secure payments tied to the convenience of the mobile, broadband or home telephone subscriber account," said Joe Lynam, President and CEO of PaymentOne. "We continue to expand our patent portfolio which highlights PaymentOne's leadership in convenient and secure payment technologies for commerce online and all types of emerging applications, screens, and mobile devices.
The patents cover technology in PaymentOne's real time authentication and fraud control system. They further cover technology to validate, execute, and settle financial transactions using a variety of funding methods including a mobile bill account, credit/debit cards and pre-paid cards for physical and digital goods and services.
PaymentOne offers merchants and publishers an integrated solution for monetizing single transactions and recurring subscription services. PaymentOne's AnyPhone™ Network spans across 70 countries through carrier billing relationships covering more than 1,100 carriers and over 3 billion consumers including the World's largest mobile operators. "Demand for robust global payment technology and services are growing rapidly as more consumers seek the ease and convenience of transacting on any device and any application. The most successful providers will provide deep and wide payment coverage, support and expertise, while eliminating friction, fraud and security concerns at the point of sale for consumers", said Mr. Lynam.
PaymentOne Corporation is a global leader in carrier-based billing for landline, broadband and mobile payments, and one of the world's fastest growing Payment Services Providers. The company pioneered "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 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 www.PaymentOne.com or call 800-747-4028.
(408) 362 4258