She believes it could see new interest, however, among consumers who like to buy music or play games online. With the qPass product, content providers and their customers must both be signed up with the service. Like paper checks, they require setups and are processed by the Federal Reserve Bank's automated clearinghouse system. Our focus is on making the shopping experience as easy and convenient as possible. Scott Sangster, Wishclick.
Metered payments make use of an existing billing relationship with a trusted third party.
With this method, a shopper could charge online purchases to a utility bill or other similar account. A merchant knows what you bought but not who you are, and the utility company knows the amount you charged but not who you bought it from. That list can be printed or e-mailed to a parent, friend or other relative, who can then purchase the goods or services online or at a traditional retail outlet, says WishClick CEO Scott Sangster. We're trying to eliminate some of the barriers to shopping, and payment is one of those barriers. Copyright 1997-2000 Cahners Business Information , a division of Reed Elsevier Inc .