Feeds

Credit card-less Net payment scheme to go global

NetCharger to roll out in 40 countries worldwide

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

UK e-commerce operation Magex, which hopes to become the standard for making secure payments via the Internet, now has some competition, from Hong Kong-based company New Media Corp. Last week, New Media announced it will be rolling out its NetCharger software in 40 countries during the next three months. The launch follows trials in Italy and the US. NetCharger allows users to pay for goods and services bought on the Internet and have the cost transferred to their phone bills. That saves them from having to transmit their credit card details over the Net, says New Media. It also makes it easier to make payments that would otherwise be too small to be cost-effective for merchants if paid by credit card. It's that 'micropayments' opportunity that Magex, launched last month with much fanfare, hopes to cash in on. Magex, however, has a couple of important advantages over New Media's scheme. First, it’s a subsidiary of a major British bank, NatWest, so it has a certain trust value, and second, it builds in a copyright protection system, supplied by Intertrust, to appeal to online publishers. In short, it's trying to appeal to punters and suppliers. That's a clever move, since the system can only really succeed with a micropayments e-commerce arena, and that's not going to happen unless suppliers such as music companies, market research operations and publishers, have a secure, cost-effective way of selling their products that way. Magex is a credit card-based system -- you may hand over virtual currency for a news story, but ultimately the transaction gets billed to your Visa or MasterCard by Magex. New Media, on the other hand, is targeting countries with relatively low credit card penetration -- the company has its eye on China in particular. ® See AlsoMagex to trial online music sales

New hybrid storage solutions

More from The Register

next story
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
Alibaba swings a large one with STONKING IPO legal bills
Chinese e-commerce beast searches for $21bn from investors
EMC has nothing to say on VMware sale plan
Rumour and counter-rumour swirl around Wall Street
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.