PaymentOne

PaymentOne announced that it has closed a $7 million round of equity and debt financing led by AER Investments LLC. According to the company, "the new funding will be used to expand and accelerate the organic growth and mobile related product development as well as set the foundation for executing on strategic acquisition targets to complement the company's suite of payment gateway services."

A new client was recently subscribed to the services of PaymentOne® Corporation. The payment processor announced that it singed an agreement with Perfect World Entertainment, a subsidiary of Perfect World Co., Ltd., that publishes free-to-play, online games and provides online services in North America.

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."