PaymentOne Secures Patents for Payment via Phone Bill

Feb. 22, 2011

PaymentOne Corp., a global provider of carrier billing services for landline, broadband and mobile consumers, said it has been issued two new patents by the U.S. Patent Office related to multi-billion dollar markets for mobile commerce and direct carrier billing. The San Jose, Calif.-based company said the patents cover a real time authentication and fraud control system and the 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. “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.”