We’re proud to announce that our very own Gerry Tucker, CFO of Bango, has been nominated in the category of Financial Director of the Year at the Grant Thornton Quoted Company Awards, due to be announced on 29th January 2014 at London’s Natural History Museum. Continue reading
Bango has always focused on Direct Operator Billing – and avoided the use of Premium SMS (PSMS). PSMS has a potential for poor user experiences and does not provide the security and auditability of payment processing that is required by the larger and more reputable brands.
There is a great whitepaper available for free download here about the crucial differences between these payment methods.
During 2008-2010 the UK mobile operators started to move away from PSMS towards Direct Operator Billing. The same process was followed in Germany in 2013.
Last week the US mobile operators announced that they too would move – very quickly – away from Premium SMS.
The leading app stores powered by Bango, have already made the decision to back the consumer friendly solution – Direct Operator Billing.
We expect that the moves in UK, Germany and USA will eventually spread across the globe to mandate Direct Operator Billing, with its consumer protections and great user experience as its natural successor.
Bango is delighted to announce a major upgrade of its website at www.bango.com
The new site provides information, news, case studies and product information. It presents Bango’s industry leading capabilities with new structure that better reflects the way that the industry leaders see Bango.
Continued momentum with additional Google Play launches and geographic & platform expansion
Bango is pleased to provide an update on the progress of its business.
Integrations with the Bango Platform
In September 2013, Bango announced in its Interim Results statement that Google Play daily end user spend entered the top three of Bango’s end user spend sources with its first and sole live connection. Bango also noted that it expected other Mobile Network Operators (MNO) to become active in the coming months. Bango is now pleased to be able to announce the integration with Rogers Communications and Fido, mobile wireless providers in Canada, with Google Play is now live.
A staged rollout is in progress and transaction volumes are growing. Bango currently expects to integrate at least five further operators with Google Play. These integrations have been agreed and are expected to become active in the coming months, in each case subject to successful completion of testing.
This indicates significant progress for Bango in its plan to integrate operators into Google Play, building on the success of the integration for Telstra in Australia in December 2012.
Launch of M-Iflo, the payment verification portal, and solution to Africa’s complex mobile payment landscape
Bango announces a partnership with MMIT to launch M-Iflọ, a safe payment solution that enables online transactions for digital content. M-Iflọ navigates the complex mobile payment environment in Sub-Saharan Africa and is tailored to the needs of the industry leaders in mobile content.
MMIT is an African-based mobile payment software developer with a mission to revolutionize mobile money payment and transfers in Africa. The jointly developed M-Iflọ solution is a billing mechanism and verification portal for digital wallets, specifically designed to fit the cash-exchange culture of Africa. It offers reliability and security to app stores and digital merchants, providing millions of people in Africa with the ability to make mobile payments for apps, games and other smartphone content.
Bango today announces its unaudited Interim Results for the six months ended 30 June 2013.
Facebook has announced that it is working on a system to remember payment credentials – such as credit card numbers, addresses and expiry dates, so that it can “pre-populate” fields in applications with this information.
If you visit an e-commerce site or app and go to make a purchase you’d normally have to type in your credit card and billing address information on your phone. That’s a hassle that discourages people from actually buying things.
Facebook’s idea is that you will see a button that says something like “Use my Facebook Billing Info.” This would give Facebook permission to allow access to the billing info you’ve previously stored with Facebook. With one click, your address, card details etc. fills in automatically and you can hit the “Confirm Purchase” button.
Two important points:
(1) Facebook does not do the payment – it passes the card info to a merchant who uses their existing payment processor – for example PayPal, WorldPay, etc.
(2) When you use Browser autofill, your credit card details and other info are stored on your PC - so you have the responsibility of keeping it secure. In this case, consumers will have to trust Facebook to keep the info secure and not pass it on to thieves. Facebook users trust Facebook to keep secret much more than their credit card details.
If this test is successful and is made generally available (its currently being tested with a US based clothing retailer), Bango sees a couple of opportunities arising:
(1) If a user is logged in to Facebook, and Bango can determine that Facebook has card details on file, Bango can then offer payment using that credit card to that user. This could be instead of single click mobile operator billing if the commercials make this better for our content provider customers. (Bango is able to process payments on Visa and MasterCard networks.)
It is similar to the way Bango offers PayPal to users that we know have PayPal accounts, and how we remember credit card details from previous transactions within the Bango system.
(2) Bango provides an API to our customers to enable the assessment of risk of transactions with a customer, based on the previous behavior of that device, that user and that phone number. Bango could offer this service to e-Commerce merchants who target mobile to help them reduce the risk of chargebacks or fraud.
Bango is always looking for smoother and more streamlined billing options to embrace within the Bango Platform for our customers – so this could be beneficial to them in the long term, but Mobile Operator Billing does have the supreme ease of use of “one click” and is available far more widely than credit cards.