Consumers have myHOP integrated into their devices so that they can set up a wireless network that allows for communications throughout the home and to the Internet without additional phone lines or Internet service provider connections. It requires low power usage and operates in the 2.5GHz ISM frequency band, using frequency hopping spectrum technology. It provides throughput speeds of up to 1Mbps, and future software upgrades to 2Mbps and 5Mbps will be available for existing hardware. When a trade is matched, the parties are introduced to each other to work toward interconnection. The company sees the commission waiver as a way of expanding its community of carriers.
Merchants can also receive money without being tied to credit card service.
If the recipient is not a PayPal user, he or she registers on the PayPal site after receiving e-mail notification and is then immediately credited with the money. Mondex Smart Cards let users carry up to five different currencies on their card at a time and conduct real-time electronic payment transactions around the world. PalmGear H.Q. will provide back-end integration services that let visitors browse and purchase software that can be used with Handspring's new family of Visor expandable handheld computers. A co-branded portion of Handspring's Web store will give customers access to a variety of software selected by PalmGear H.Q. for Handspring Customers. For example, they can choose from business software, database software, financial software, time management software, education software and games.