| Website | danalcorp.com |
| Category | Mobile/Wireless |
| Phone | 408-232-3300 |
| Employees | |
| Founded | 6/06 |
| Series A, 6/07 Morgenthaler Ventures | $9.5M |
Danal is a company that offers a secure online payment solution, by allowing customers to charge their online purchases to their mobile phone bill.
The company, originally founded and based in South Korea, is one of the worldwide leaders in mobile payment solutions. While this industry is still nascent in the United States, it is the norm in East Asia (with 70% of all online purchases in South Korea done via mobile payments). Danal has completed 14 mobile carrier integrations across South Korea, Taiwan, and China, and brings that experience to the United States.
Danal offers a secure, convenient payment solution to consumers, an increased customer base and lower transaction fees to merchants, and efficient service to mobile carriers.
| Website | danalcorp.com |
| Tags | mobile |
How it works:
When users surf merchant sites and wish to buy goods online, they select “BilltoMobile” as their payment option when they check out. They then input their mobile phone number and their own personal identification number (either their voicemail password or last-4 digits of social security number). A six-digit number is sent to their cell phones via text as a One Time Password. They enter this authentication code online, and see the charges in the next month’s wireless bill.
Danal boasts of the increased security of BilltoMobile compared to traditional credit card payment systems online. First, users must enter their cell phone number and a PIN/password; second, they must enter the One Time Password only they have access to. Also, users do not have to divulge their credit card information to any sites they visit.
