Description
ILD Teleservices is a leading payment processor for transactions between merchants and consumers. Through contractual relationships with telephone companies like AT&T and Verizon, ILD gives merchants the opportunity to let consumers charge products and services such as long distance, internet access, collect calling, and certain digital content directly to their phone bills.
Instead of purchasing these items with a credit card, disclosing banking accounts or financial information to the merchant, consumers can have a transaction billed directly to their phone. When they do, the merchant sends the buyers transaction information to ILD, and ILD adds the charge to their phone bill. It is a service very similar to what credit card companies provide.
A visual map on the company's website illustrates the role ILD plays in payment processing. ILD Teleservices has partnered with more than 200 merchant to offer bill to phone payment services, and its network includes more than 1,400 Local Exchange Carriers, including AT&T, Verizon, Qwest, Embarq and others. ILD Teleservices processes in excess of 120 million transactions per year, equating to approximately $.5 billion of third party charges placed on telephone bills.
ILD Teleservices is a division of ILD Corp., a privately owned and US based outsourcing services company headquartered in Ponte Vedra Beach, Florida.
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