ILD Teleservices Hits 1 Billion Transaction Milestone

ILD Teleservices officially processed its 1 billionth transaction in July, which the company says is a measure of its leadership in the alternative payment market.

Launched in 1996, ILD now offers turnkey payment services to a host of digital merchants and content providers serving more than 150 million US households. The company has teamed with more than 150 merchants to offer Bill-to-Phone payment services across a network of 1,400 Local Exchange Carriers, including AT&T, Embarq and Verizon.

“Hitting the one billion (1,000,000,000) mark is a testament to the growing demand for the bill to phone payment option. This milestone is largely fueled by the convenience Bill to Phone affords consumers purchasing digital goods and communications services. That, coupled with the current financial unrest and issues in the credit card market, has led more digital merchants to rely on alternative payment options, like phone billing, to provide lift,” said Dennis Stoutenburgh, ILD’s President & COO.