Verizon Wireless, BilltoMobile and Boku will offer Boku merchants and customers the BilltoMobile Direct Mobile Billing (DMB) payment service through the Verizon Wireless billing system. The service will allow Verizon customers to pay for online content and digital merchandise via their Verizon wireless bills.
Boku will be processing payment transactions for their many high profile merchants - including Facebook - through the BilltoMobile payment service on Verizon.
Boku's mobile payments platform is live in 65 countries worldwide, with direct billing connections to carriers around the world, including AT&T in the US, Vodafone UK, Globe in the Philippines and many more. BilltoMobile has processed over $4 Billion in mobile billing transactions.
Jim Greenwell, BilltoMobile CEO, and Mark Britto, Boku CEO, issued a joint statement: "BilltoMobile and BOKU's cooperative agreement is a landmark in US mobile payments cooperation. The real winners today are the many wireless subscribers who are excited about access to convenient, secure online mobile payments and the merchants who provide these consumers with a wide array of digital goods, content and services." Boku and BilltoMobile merchants benefit from attractive merchant fees that are significantly lower than traditional PSMS rates.