PaymentOne Corporation Named a Finalist for the 2011 Red Herring Top 100 North America Award

Vesta Corporation

Leader in Mobile Payments and Carrier Billing Recognized for Strong Performance and Innovation

PaymentOne Corporation®, a global leader in mobile payments and carrier billing, today announced that it has been selected as a Finalist for Red Herring’s Top 100 North America award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region.

The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.

This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.

“This year was very rewarding,” said Alex Vieux, publisher and CEO of Red Herring. “The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. PaymentOne shows great promise and therefore deserves to be among the Finalists. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring North America. We know that the 2011 crop will grow into some amazing companies that are sure to make an impact.”

“With over 5 billion mobile devices worldwide, m-commerce and m-payment opportunities have become ubiquitous. Virtually every connected device now becomes a potential point of sale,” said Joe Lynam, PaymentOne President and CEO. “This recognition by Red Herring further underlines the financial strength, experience, and premier position PaymentOne has in carrier billing and mobile payments markets.”

Finalists for the 2011 edition of the Red Herring 100 North America award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, mobile and other industries completed their submissions to qualify for the award.

The Finalists are invited to present their winning strategies at the Red Herring North America Forum in Hollywood, California, June 13 – 15, 2011. The Top 100 winners will be announced at a special awards ceremony the evening of June 15 at the event.

About PaymentOne

PaymentOne Corporation, one of the world’s fastest growing payment service providers, is a global leader in carrier-based billing for landline, broadband and mobile payments. The company pioneered payment with “no credit card required” and has a 12-year track record in payment services that connect digital merchants, social media publishers, content providers and network operators. PaymentOne has generated over $4 billion in new digital revenue for brand name clients, including Blizzard Entertainment and America Online. AnyPhone™ connects with over 1100 network operators and enables over 3 billion worldwide consumers in 67 countries to simply bill digital purchases on any device to their existing mobile, broadband, or home phone bill. The company has a robust patent portfolio covering fraud prevention, authentication, and alternative payments. PaymentOne is privately held and headquartered in the Silicon Valley. To learn more visit www.PaymentOne.com or call 800-747-4028.

About Red Herring

Red Herring is a global media company which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. http://www.redherring.com.

PaymentOne, AnyPhone, and PayOne are registered trademarks or trademarks by PaymentOne Corporation. All other brand names, product names, or trademarks belong to their respective holders.

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CONTACT INFORMATION

Florian Brody
PaymentOne Corporation
Work: +1-408-362-4127

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