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Mobile Phone Payment Processing – A Powerful New Alternative to Accepting Payments Online
For years, PayPal (which is owned by eBay) has been the leading online payment alternative to credit and debit cards. But ever since Big G introduced its payment system Google Checkout, the two have been in fierce competition.
For over 15 months, these two internet superpowers have been going at it. Attracting merchants focused on earning millions of dollars in discount coupons, free transaction processing and paid search advertising and icons on new services.
Both Google and Yahoo have also actively developed their mobile search interfaces. Google secured a patent on mobile click-to-call advertising, and then got a boost when Motorola agreed to add a dedicated “Google” button to some of its handsets.
Big brands, agencies and startups are pouring more energy and dollars into special campaigns and technologies aimed at mobile marketing. For many, this is already big, big business. And as American consumers become more dependent on their cell phones, mobile services such as mobile search and web surfing are now almost commonplace. Shostak Group predicts that by 2010 mobile marketing will be worth $10 billion in the US alone. According to Forrester Research, 43 percent of US marketers are currently using mobile marketing. And nearly 90 percent of major brands plan to market mobile phones by 2008, according to a survey by AirWide Solutions.
According to the latest statistics from mobile telecom analysis company The Mobile World, there are currently more than 2.6 billion mobile users in the world. ‘The total number of mobile connections now equals about one-third of the world’s estimated population of 6.5 billion,’ says Martin Garner, Director of Wireless Intelligence. With all this growth in the mobile marketing and advertising industry and so many consumers around the world owning mobile phones, it’s no wonder that Google has applied for a patent for text message payments. The patent was applied for on September 26, 2006. Google is already pretty much set to launch a mobile phone later this year and a mobile payment system would be a logical additional step to make the Google phone stand out among it. Rivals
Many are saying that such a system would need a lot of users to really take off and that if it’s exclusive to the GPhone, it won’t get enough users. A successful launch of a mobile phone payment system will require it to work on every phone.
Well, now a company is being added to the mix, which already has a strong advantage in this global space. The name of this company is MobillCash.
MobillCash is the world’s first mobile payment system where a customer only needs a mobile phone to make a purchase and nothing else. It is a mobile payment system that has over 500 million mobile phone users in 15 countries and allows these users to enter their mobile phone number into the MobillCash billing form to purchase your products or services. The customer will be billed by the mobile phone carrier.
No credit card, bank account or ID card required.
Their goal is to have 1 billion registered users by 2008 and at the rate the company is growing globally, they will.
MobillCash is supported and approved by more than 100 mobile phone carriers in fifteen countries such as AT&T, Vodafone, Sprint/Nextel and Boost Mobile and the list is growing daily.
Glenn Smith, CEO of MobilCash says, “After more than three years of programming, MobillCash is recognized by the UK as meeting the highest security and integrity standards available anywhere in the world; and the UK recognizes MobillCash as a money transfer service. This status puts MobillCash at the same level as Visa and MasterCard across Europe. MobillCash is the first mobile payment company worldwide to reach this status.”
The company has filed patents to protect its unique payment solution and recently received a patent pending designation that protects all direct competitors as well as copycats from infringing their unique way of doing business. Gives relevant notices.
MobillCash is now available in the US and is partnering with many international and successful executives who have built successful online businesses. These executives are taking MobillCash under their marketing wings and helping their rapid growth worldwide. Their timing could not have been better. The mobile payments industry is recognized as one of the fastest growing markets worldwide, and MobillCash solves a critical problem that no other mobile payment solves.
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