MobillCash is a Patent Pending m-commerce billing system that enables people to use their mobile phone to make purchases without the need of a credit card or bank account. Vidicom Limited, the owners of the MobillCash payment gateway, today announced that for the first time ever m-commerce is to be used for collection of consumer debt.
Europe's largest consumer debt collection company, who works on the behalf of thousands of companies has signed an agreement to use the Mobillcash m-commerce billing solution for collection of consumer debt. They will begin accepting Mobillcash m-commerce payments throughout Europe in the first week of March 2008.
"This marks the first time ever that Mobillcash or any m-commerce billing solution will be used to collect consumer debt", said Glyn Smith Founder/CEO Mobillcash.
The consumer simply elects to pay all or a portion of his debt by simply giving his mobile phone number to the collection company. The customer will immediately receive a confirming text message, when they reply with a Y for 'YES' the amount due will be billed on the next mobile phone bill.
Glyn went on to say, "I was very pleased to learn that Mobillcash m-commerce billing solution was simple and flexible enough to be meet the tough standards set upon us by one of the largest collection companies in the world. Unlike credit cards the consumer will never be billed without positively replying to a specific text message sent to the consumers phone. This gives additional protection to the consumer at the same time giving the collection company an additional way of collecting their payment."
The initial test results are outstanding and within 90 days it is expect that more than 5,000 consumers an hour will be offered to make a partial or full payment via their mobile phone throughout Europe.
Press Contact:
In U.K. - Glyn Smith, CEO, Voice +44 8707 606 634 glyn.smith@mobillcash.com
In U.S. - Philip Tarazi, VP, Voice 00 1 707.538.3972 philip.tarazi@mobillcash.com
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