Bango has signed an agreement to provide payment services to Facebook. The vendor issued a terse statement to the London Stock Exchange announcing the agreement but stating that its terms were not being disclosed. “The Board believes it is too early in the relationship to accurately forecast the level of business which it may generate,” said the statement. Bango’s technology enables businesses to collect payment for content sold to mobile phone users.  The vendor provides the means to charge payments to a user’s mobile phone bill or use alternative methods such as a credit card based on intelligence about the consumers. It also provides an analytics service that measures mobile website visits and the effectiveness of marketing for such sites.  The Financial Times noted Bango’s share price jumped by one third on the news of the Facebook agreement.

The company already has agreements with high profile partners including Amazon and RIM but the timing of this announcement for Bango is fortunate with Facebook having just announced its IPO. The social networking giant is planning a to launch a mobile advertising service even before its IPO takes place according to reports. The company also acknowledged in its pre-IPO filing the risks of lacking a revenue-generating mobile strategy.