Etelcharge.com

Etelcharge.com has announced today that it has abandoned its proposed acquisition of PaymentOne, reports Market Wire. "Given the general economic downturn and the increased risk posed to the success of this acquisition, we have determined the PaymentOne deal is too risky to complete," said Rob Howe, Chairman and CEO of Etelcharge.com. "We will move ahead to achieve our strategic goal of nationwide telco coverage through our current telco billing and collections provider."