Payfone Selected by AlwaysOn as an OnMobile Top 100 Winner

Payfone Jun 03, 2011 Back to press

Mobile payments leader recognized for creating new opportunities in mobile technology

New York, NY – June 3, 2011 – Payfone, a leading mobile payment processing service, today announced that it has been chosen by AlwaysOn as one of the OnMobile Top 100 winners. Inclusion in the OnMobile 100 signifies leadership amongst its peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players. Payfone was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.

Payfone and the OnMobile Top 100 companies will be honored at AlwaysOn’s OnMobile event on June 15th, 2011, at The Fox Theatre in Redwood City, CA.

This two-day executive event features CEO presentations and high-level debates on how the top emerging mobile companies are creating new business opportunities in the hot, high-growth mobile market.

“The mobile market is booming, as evidenced by top researchers, who are predicting that more smartphones will be shipped in 2012 than PCs, and there will be more mobile Internet users than PC Internet users by 2014,” says Tony Perkins, founder and editor of AlwaysOn. “This explosive market is being driven by the companies that made this year’s OnMobile Top 100 list. We congratulate the OnMobile 100, a great list of companies that our editors believe represent some of the highest-growth opportunities in the private company marketplace.”

The OnMobile 100 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2011 list.

“We are pleased to receive this great industry recognition as a top mobile payments innovator. This achievement reinforces Payfone’s dedication to providing leading-edge technology for operators and merchants to enable simple and secure mobile payments and billing for consumers,” stated Rodger Desai, co-founder and CEO of Payfone.

Payfone is a leading mobile payment processing service that provides consumers with the ability to make purchases using their mobile phone number at checkout. Through Payfone’s simple and secure one-click checkout, consumers can purchase digital and physical goods using their mobile phone number and charge it back to their monthly mobile bill, bank account or credit card.

A full list of all the OnMobile Top 100 winners can be found on the AlwaysOn website at:

http://www.aonetwork.com/AOStory/Announcing-2011-OnMobile-100-Top-Private-Companies

About Payfone
Payfone authorizes and processes mobile payment transactions for the world’s best known application stores and merchants. Payfone’s unique ability to leverage the mobile operator network to directly authorize and process payments drives higher sales conversion and revenue yield for merchants and mobile operators, while managing fraud and revenue leakage. As a result, consumers benefit with a wide choice in payment methods and the best user experience. Additional information is available at www.payfone.com andwww.twitter.com/payfone

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