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PaymentOne launches 7-day payout program for m-payments

PaymentOne launches 7-day payout program for m-payments
Friday November 4 2011

US-based mobile payments company PaymentOne has launched PayOne FastPay, a mobile payments program that guarantees disbursements to merchants in seven days.

PaymentOne has established the Financial Services Group (FSG) within the company. PayOne FastPay is the first in a planned set of financial optimisation and risk elimination programs the FSG plans to launch for PaymentOne’s global merchants.

PaymentOne provides integrated operator billing, spanning mobile, fixed line and broadband payment services.

The PayOne FastPay program is the first in the industry to remove the industry standard 60-90 day wait times and guarantee qualified digital merchants their cash settlements in as fast as seven days.

“In addition to offering the broadest global reach and best merchant payout rates in the industry, it’s also important to ensure our customers have reliable and rapid cash flow,” said PaymentOne executive vice president Brad Singer. “PaymentOne tells consumers to ‘put your wallet away and use your phone number to pay’; we tell our merchants you should not have to wait to get paid or worry if your money is safe.”


Tagged as: mobile payments