View Full Version : Have you heard about new way processing in money transactions?

02-21-2009, 09:20 AM
I found really interestinf information, want to share with you and discussed what are you thinking about all of this?

Merchants can now process credit and debit card transactions using iPhone™ or iPod® Touch over a WiFi or 3G wireless connection. PowerPay announced this week that it now offers new iPhone Virtual Terminal by Inner Fence through its division e-onlinedata. iPhone Virtual Terminal is the only payment processing terminal available for the iPhone and iPod Touch.
The iPhone Virtual Terminal allows independent contractors, small business merchants and entrepreneurial start-ups to get mobile access to PowerPay's secure payment solutions with no dedicated or fixed processing equipment required. With the iPhone Virtual Terminal credit and debit card transactions are processed as “card-not-present” payments. After transaction is complete a receipt is sent via email. All merchants with a PowerPay or e-onlinedata account can access this solution which operates through Authorize.net’s payment gateway.
Stephen Goodrich, CEO of PowerPay, said, “It’s great to offer a solution that works for all kinds of small businesses. This unit frees these businesses from using a fixed countertop terminal or an online connection to process credit card transactions. Using the innovation of the iPhone and the coverage of mobile web will significantly increase the ease, efficiency and security of transactions for goods and services, anywhere there is cell coverage or WiFi access. Mobile devices are growing in popularity and usefulness. We want to make sure merchants have a payment processing option that is as mobile as they are.”
http://www.ecommerce-journal.com/news/13328_powerpay_announces_payments_processing_via_i phone_virtual_terminal

With a big pleasure.

02-24-2009, 07:50 AM
So guys what are you think about Perfect Money? Are they good enough?

05-26-2009, 09:54 AM
Yes It is about that time. I was just thinking about that this week and looking at some ways to fund some prizes.


05-27-2009, 05:53 AM
I would wait to have more information about it from others.

05-27-2009, 08:14 AM
I would be more concern about the security feature over efficiency because security in mobile payment transaction is still is a Growing Concern..