Mobile payments company BilltoMobile, which now has relationships with all four major carriers in the U.S. (Verizon, AT&T, Sprint and T-Mobile), is today launching one-click processing for mobile web transactions. Previously, users had to enter in their mobile number manually, sometimes a zip code, then wait for a verification code that was sent to their phone through an SMS text. Now, the company says it’s able to identify a user’s mobile number automatically thanks to deeper integration with the carriers’ networks.
Merchants who want to transition their customers to this new checkout process don’t have to make any changes on their end – the same RESTful APIs they used before will now be used to enable this speedier transaction flow.
As for security, BilltoMobile’s payment gateway is tied directly to those belonging to its carrier partners for billing, authentication and customer care purposes. Purchases made through the system then show up on the customer’s next wireless bill, without additional interest charges or subscriber fees. These direct carrier relationships are important to BilltoMobile, as they allow the company to greatly reduce the typical transaction fees than historically ranged from 30%-40%.
The first to use BilltoMobile’s new one-click mobile transaction processing is the social gaming community MocoSpace. Initially, the option will be available on just one, yet to be named carrier partner, but BilltoMobile VP of Sales Paris Leung says the company expects to roll out to the service to the other three top U.S. carriers soon.
BilltoMobile - Where Mobile Means Business BilltoMobile is the premier provider of direct-to-carrier mobile payments for web purchases in the US, enabling payments for digital goods and services on PC, tablet and mobile phone browsers. BilltoMobile is the only company who directly processes mobile payments for all Top 4 US carriers. Between May 2010 and Sept 2011, BilltoMobile launched its proprietary mobile payments service on behalf of Verizon Wireless, AT&T, Sprint and T-Mobile, and also serves as a Mobile Payments...