Crowd Source Capital Payment Systems: Paysafecard teams up with BT to roll-out mobile payments (UK)

Tuesday, August 4, 2009

Paysafecard teams up with BT to roll-out mobile payments (UK)

www.WirelessFederation.com/news: BT and paysafecard are in a partnership for a service that enables Brits to make online purchases from their mobile phones without disclosing financial details. With this prepaid voucher system, the subscribers can make purchases at around 2700 Web sites without handing over card details.
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Definition

Micropayments are financial transactions involving very small sums of money. PayPal defines a micropayment as a transaction of less than 12 USD,^[1] and though micropayments were orginally envisioned to involve much smaller sums of money, practical systems to allow transactions of less than 1 USD have not been developed. One problem that has prevented their emergence is a need to keep costs for individual transactions low,^[2] which is impractical when transacting such small sums,^[3] even if the transaction fee is just a few cents.

By 2014 money will be gone

Money as we know it will disappear over the next five years being replaced by virtual money some times referred to as electronic cash or ecash. There was a stage when people said we need the banks on board as they are the only institutions that people trust, That's all changed now, no one trusts the banks any more , Google, Paypal and Face Book have a higher trust rating than the banks. Everything you know is about to change as new trust relationships with billions of loyal users come into play leaving the banks as dinosaurs that once ruled the earth.

Crowd Source Capital Payment Systems

Tuesday, August 4, 2009

Paysafecard teams up with BT to roll-out mobile payments (UK)

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By 2014 money will be gone