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BilltoMobile(TM) and Discover(R) Partner for Mobile Payments(March 27, 2012)
SAN JOSE, CA -- (Marketwire) -- 03/27/12 -- BilltoMobile announced today that it is entering into a marketing agreement with Discover which will enable the two companies to drive market-leading innovation and value in the rapidly-evolving digital goods, mCommerce, and mobile payments space.
The agreement includes allowing Discover to offer mobile carrier billing to select Discover e-commerce merchants looking to generate incremental revenue through alternative payments options.
The partnership with Discover is a significant milestone for BilltoMobile and validates its leadership position in the marketplace. Jim Greenwell, BilltoMobile's CEO commented, "This agreement with Discover enables BilltoMobile to better serve our consumers, merchants and carrier partners. Our product offering will expand as will the ability to serve marquee digital merchants."
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 Gateway for Verizon and Sprint, providing mobile phone authentication and direct billing access to other payment processors and some "mega" online merchants for these carriers' mobile payment programs. BilltoMobile's Merchant and Reseller service is now available to over 280 million U.S. consumers and over 90% of U.S. mobile subscribers. BilltoMobile is a privately-held U.S. company headquartered in San Jose, California. Its strategic investor and majority shareholder, Danal Co., Ltd (Seoul, South Korea), pioneered DCB technology, and has integrated DCB with 14 mobile carriers in Korea, Taiwan and China. Danal leads the e-commerce mobile payment segment globally, having processed an unmatched $4 billion in e-commerce mobile payments with its 10,000+ online merchant partners since the company launched with its first mobile carrier partner in Korea in 2000. For more information about BilltoMobile's platform, leadership team, merchant and reseller services, please visit www.billtomobile.com. Press contact: [email protected].
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