Having gotten its feet wet with song downloads, PayPal Inc. is marching full-bore into micropayments. The San Jose, Calif.-based payments processor announced today new, cut-rate merchant pricing on transactions under $2 for digital content, which the company defines as video games, online greeting cards, news articles, and mobile-phone content such …
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Peppercoin Processes Cell-Phone Parking Payments in Las Vegas
Reino Enforcement Technology on Wednesday will begin processing parking fees on 15 meters in downtown Las Vegas through Peppercoin Inc.'s micropayment platform. The meters, which control 150 parking spaces in the city's business district, allow drivers to charge initial parking fees, as well as additional time, to credit and debit …
Read More »AOL Seeks Less Costly Payments, But Eschews PIN-less Debit
PIN-less debit may be gathering momentum for online bill payments, but not all potential billers are convinced they should offer the payment method, which depends on the same networks that switch PIN-based debit transactions at the point of sale and at ATMs. Because it carries lower acceptance costs than credit …
Read More »Moneris Looks to Big Growth with Internet Debit Payments
The introduction in Canada of a bank-sponsored commercial payment service allowing consumers to buy goods from e-commerce merchants with their PIN debit cards is sparking widespread interest among retailers, according to Moneris Solutions Corp., the first processor to handle transactions for Interac Online. Moneris has been processing Interac Online payments …
Read More »Star Plans to Extend Check Conversion to Bill Payments Later in ’05
Star Systems Inc. will begin processing bill payments through its electronic check-conversion service, Star Chek Direct, by the end of the year, according to officials at the network. In the bill-payment scenario, consumers will be able to pay billers in certain low-risk industry categories, such as insurance and utilities, by …
Read More »Microsoft Readies New Software to Handle ID, Payments on the Web
Microsoft Corp. is working on new authentication software that will identify consumers to merchant sites on the Internet and initiate payment processing. The software, which the Redmond, Wash.-based software giant is calling InfoCard for now, will be released to developers for feedback by the end of the month, according to …
Read More »Valista Adds Payments Software to Handle Multi-Seller Content Deals
Valista Ltd. says it has developed the first software product capable of handling payments for digital content offered by multiple merchants on the platforms of wireless operators and Internet portals. The payments software, which the Ireland-based company refers to as a “revenue-assurance” solution, allows operators and ISPs to manage payments …
Read More »Star Pilots Recurring PIN-less Payments, Explores Real-Time Web Debit
Star Networks Inc., which processes more PIN-less debit transactions than any other network, is launching a pilot to test PIN-less debit for recurring payments and is exploring a concept that could extend direct debit of checking accounts to online shopping. The latter concept, says Tom Gandre, senior vice president of …
Read More »Mer-Tec Set to Launch Its Micropayments Service Next Week
Mer-Tec Inc., an online transaction processor based in Lewisville, Texas, will switch on a micropayments service next week for handling online payments and rights management for digital content, with an emphasis on song and video downloads. The service, which Mer-Tec calls SecureCastle, will open with about 10 independent artists as …
Read More »Buoyed by Song Sales, PayPal Now Smiles on Micropayments
PayPal Inc.'s experience with processing payments for music downloads is encouraging the San Jose, Calif.-based processor to begin investigating other micropayments markets, including downloadable games, electronic greeting cards, and news media. “The success of PayPal adoption for the music vertical has inspired us to look at other verticals,” says Peter …
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