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General Information

Websitedanalcorp.com
CategoryMobile/Wireless
Phone408-232-3300
Email
Employees
Founded6/06

Offices

San Jose, USA
2387 Bering Drive
San Jose, CA, 95131
USA

People

President & CEO
Founder, CMO
VP of Carrier Sales & Industry Communications
VP of Engineering and Technology

Funding

Series A, 6/07
Morgenthaler Ventures
$9.5M

Tags

mobile-payments, payment, mobile, alternative-payments

Danal

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.

Milestones

  • Dollar
    Danal received $9.5M in Series A funding. (6/1/07)
    Posted 8/28/07 at 12:01pm
  • Check
    Danal added Denise Archer as VP of Carrier Sales & Industry Communications.
    Posted 1/6/09 at 3:30pm
  • Check
    Danal added David Cho as VP of Engineering and Technology.
    Posted 1/6/09 at 3:30pm
  • Check
    Danal added Paul Kim as Founder, CMO.
    Posted 12/30/07 at 9:54pm
  • Check
    Danal added Jim Greenwell as President & CEO.
    Posted 11/12/09 at 9:36pm

Videos

Screenshots

Products

BilltoMobile

Websitedanalcorp.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.

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Danalcorp

Sources

  1. danalcorp.com [edit]
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Last Edited 11/13/09

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