PRESS RELEASES

PayPoint.net’s real-time API helps drive huge rise in transactions at mFortune

TAGs: mfortune, mobile payments, paypoint.net

Paypoint.net(LONDON, 26 January 2012) – PayPoint.net, the online payments provider, has reported that mobile phone payments hit jackpot levels  at the end of 2011, with mFortune, the leading mobile gaming service, revealing that it saw a 36% rise in transactions during November and December.

The PCI compliant  payment gateway from PayPoint.net provides a real-time API  to ensure its clients’ customers receive the credit they pay for immediately and securely, so they can begin playing instantaneously – something which is critical to the success of mobile applications.

Glenis Poletti, Business Manager, mFortune, said:  “2011 was mFortune’s busiest ever year as smartphones have started to become more of an established part of the gaming industry. We only take payments from our customers through mobile devices so PayPoint.net’s secure system has played a significant part in our achieving this extraordinary growth.”

mFortune, which allows players to upload credit into a gaming account and pays out winnings into that same account, has quickly established itself as the leading brand in mobile gaming and has just launched a first-of- its-kind multiplayer Texas hold ‘em poker game. The appeal of the company is that players can participate in bingo and other casino games anywhere and at any time via their mobile phone. With the majority of customers playing for money rather than just fun and with monthly prize payouts of up to £18m, it is crucial that mFortune has the ability to take and monitor transactions swiftly.

The flexibility of PayPoint.net’s API has made it possible for mFortune to transition to different card acquiring banks without having to amend its integration. PayPoint.net offers a wide range of acquirers in both the UK and worldwide, supporting fast growing gaming businesses to adapt to changing requirements.

Glenis Poletti added: “Outsourcing payment processes to PayPoint.net has enabled mFortune to focus on our core business of innovating and servicing our customers. mFortune’s popularity has been assisted by PayPoint.net’s capacity to offer a wide variety of payment options, which ensures there is more choice for customers paying in credit to their account.

“2011 has been a fantastic year for us and we’ve seen the business and brand going from strength to strength. It is crucial that we have a payment provider that is well positioned to meet our needs and is able to cope with high levels of demand. As a company experiencing rapid growth, it is reassuring to know that our payments are being taken care of and that our provider can maintain the same high level of service as we continue to flourish.”

Michael Norton, Managing Director, PayPoint.net, commented:  “We are delighted to be helping in the development of this exciting new market and to have assisted mFortune achieve another record breaking year. It is crucial for any gaming operator to be able to transition easily to the acquiring bank most suited to their needs, so it’s a real bonus not having to re-integrate. We’re also committed to the quality of our API services, as it is vital in the mobile industry that transactions are completed immediately so that the business runs smoothly. We look forward to 2012 being just as successful and processing even more record breaking levels of transactions.”

Comments

views and opinions expressed are those of the author and do not necessarily reflect those of CalvinAyre.com