Fortumo selects Payfone to power mobile payments

Staff writer
19 Aug 2011
00:00

Fortumo has selected Payfone to power the direct billing option for its in-app purchasing SDK.

This direct billing mobile payment method offers better reliability and higher security as well as better payouts for developers.

Through the partnership, Fortumo’s clients will be able to provide consumers with the ability to make safe and secure mobile payments in real-time from any device, such as PC, smartphone, tablet or Wi-Fi.

Payfone’s Mobile Commerce Service is directly integrated into the mobile operator’s network, which provides the ability to intelligently identify a consumer’s profile in the system and offers true payment authorization and authentication.

Payfone’s Device DNA authenticates the consumer across a wide variety of parameters during the transaction, ensuring they get exactly what they paid for. By pairing the Device DNA to each transaction, Payfone is able determine if a transaction is from a lost or stolen mobile device or if the owner of the mobile account has changed.

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