Vulnerabilities / Threats //

Insider Threats

10/28/2010
10:30 AM
50%
50%

AT&T Partners With Mobile Payment Providers

Deals with BilltoMobile, Boku, and Zong give the carrier's wireless subscribers the ability to buy online goods and services from their cell phones.

Best Mobile Apps For Busy Professionals
(click image for larger view)
Best Mobile Apps For Busy Professionals

AT&T announced partnerships with three mobile payments companies Thursday, giving its wireless subscribers the ability to charge online purchases to their accounts from a cell phone.

The carrier will use BilltoMobile's Direct Mobile Billing payment service on a trial basis so subscribers can make mobile payments on several digital goods and services websites, AT&T said.

"This form of billing is the logical next step in the e-commerce mobile payments landscape that BilltoMobile and our strategic investor, Danal Co., Ltd, have pioneered for the past several years," said Jim Greenwell, CEO of BilltoMobile, based in San Jose, Calif., in a statement.

The carrier has also partnered with San Francisco-based startup Boku to give AT&T subscribers the ability to buy music, movies, digital news, and other services from their cell phones. By typing their phone number into their cell phone, customers can avoid using a bank card or PayPal account, and the charges will show up on their phone bill.

One of Boku's competitors, mobile payments platform provider Zong, has also inked a deal with the carrier to let subscribers make purchases through a "frictionless process," on a trial basis, the Menlo Park, Calif.-based mobile provider said. After verifying a customer's wireless phone number and account "in a matter of seconds," payment is cleared on the customer's wireless service account. Among its 200 carrier partners worldwide are T-Mobile, Vodafone, Orange, and O2.

"This agreement is a great step in bringing more convenience with a new online purchase experience to AT&T's wireless customers," said Zong CEO David Marcus, in a statement. "Our strengths, combined with AT&T's, can help make mobile payments more efficient, affordable, robust, and more economical for customers and merchants alike."

Virtual goods, such as sales on Facebook applications, have made up the bulk of Boku's and Zong's earnings. Within a month, AT&T customers will have access to other types of digital items, Boku senior VP Ron Hirson said, adding that customers are beginning to take mobile payments seriously. Mobile payments have not yet seen widespread momentum because carriers have required as much as a 40% fee for each purchase, so the seller hasn't been able to make a profit. AT&T reduced its fee to Boku, but the terms of the deal were not disclosed.

BilltoMobile's interface does not require any setup, application, download, registration, or interaction with credit or bank cards. Only two steps are involved to complete a secure purchase, which takes a few seconds, the company said. Consumers also don't have to reveal any account numbers with BilltoMobile's payment service.

Mobile payments are expected to be over a $200 billion market by 2012, according to Juniper Research.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Cybersecurity's 'Broken' Hiring Process
Kelly Jackson Higgins, Executive Editor at Dark Reading,  10/11/2017
Ransomware Grabs Headlines but BEC May Be a Bigger Threat
Marc Wilczek, Digital Strategist & CIO Advisor,  10/12/2017
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: Search Cybersecuruty and you will get unicorn.
Current Issue
Security Vulnerabilities: The Next Wave
Just when you thought it was safe, researchers have unveiled a new round of IT security flaws. Is your enterprise ready?
Flash Poll
The State of Ransomware
The State of Ransomware
Ransomware has become one of the most prevalent new cybersecurity threats faced by today's enterprises. This new report from Dark Reading includes feedback from IT and IT security professionals about their organization's ransomware experiences, defense plans, and malware challenges. Find out what they had to say!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2017-0290
Published: 2017-05-09
NScript in mpengine in Microsoft Malware Protection Engine with Engine Version before 1.1.13704.0, as used in Windows Defender and other products, allows remote attackers to execute arbitrary code or cause a denial of service (type confusion and application crash) via crafted JavaScript code within ...

CVE-2016-10369
Published: 2017-05-08
unixsocket.c in lxterminal through 0.3.0 insecurely uses /tmp for a socket file, allowing a local user to cause a denial of service (preventing terminal launch), or possibly have other impact (bypassing terminal access control).

CVE-2016-8202
Published: 2017-05-08
A privilege escalation vulnerability in Brocade Fibre Channel SAN products running Brocade Fabric OS (FOS) releases earlier than v7.4.1d and v8.0.1b could allow an authenticated attacker to elevate the privileges of user accounts accessing the system via command line interface. With affected version...

CVE-2016-8209
Published: 2017-05-08
Improper checks for unusual or exceptional conditions in Brocade NetIron 05.8.00 and later releases up to and including 06.1.00, when the Management Module is continuously scanned on port 22, may allow attackers to cause a denial of service (crash and reload) of the management module.

CVE-2017-0890
Published: 2017-05-08
Nextcloud Server before 11.0.3 is vulnerable to an inadequate escaping leading to a XSS vulnerability in the search module. To be exploitable a user has to write or paste malicious content into the search dialogue.