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© 2003 Roberto Vitalini, wheii.com :: original written concept of SMS CASH: 30-05-2003 1 sms-cash
© 2003 Roberto Vitalini, wheii.com :: original written concept of SMS CASH: 30-05-2003 2 What is peculiar about CASH? It is anonymous. You don't always have it with you when you need it. It's dirty. It has different sizes. It costs to process. But most importantly, You can't insert a coin on a web page. Micropayments on the web are cumbersome and costly and unnatural to the end user.
© 2003 Roberto Vitalini, wheii.com :: original written concept of SMS CASH: 30-05-2003 3 Are we culturally ready for m-payments? Today, people are mentally prepared for e-cash. 63% of Europeans know how to load remotely they prepaid phones Current CASH card service has not met expectations SMS is emerging as a micro-payment method Most Popular PayPalPayPal - allows businesses and consumers to send and receive secure online payments via email. An eBay company. Yahoo! PayDirectYahoo! PayDirect - online person-to-person payments. YagaYaga - provider of payment services that enable businesses to create new revenue streams including micropayments, royalty accounting and content management e-golde-gold - gold itself, circulated electronically. EcashEcash - software-based payments system which allows users to send electronic payments from personal computers. InternetCash CorporationInternetCash Corporation - offers a credit card alternative available for shopping online. PeppercoinPeppercoin - micropayment service that allows digital merchants to sell content profitably at low prices. RocketCashRocketCash - allows kids to purchase goods online without their parents' credit cards. Alphabetical 1A Credit, Inc.1A Credit, Inc. - offers virtual cards to use with online shopping. Ach Payments OnlineAch Payments Online - offers electronic checks and web based ACH transaction processing. Amazon Honor SystemAmazon Honor System - offers webmaster and site owners the ability to accept free-will donations through their page. AnyGoldNowAnyGoldNow [SPONSOR] - e-gold, OSGold, EVOcash, and e-Bullion exchange provider. Creative Logic TechnologiesCreative Logic Technologies - developers of E-Currency, a technology which can be issued on paper or distributed over the Internet for services including DRM, contests, and customer rewards programs. CybermoolaCybermoola - pre-paid Internet shopping card created for teens. Use Cybermoola instead of cash at a variety of teen-oriented stores. e-golde-gold - gold itself, circulated electronically. E-gold Exchange ServiceE-gold Exchange Service - buy or exchange e-gold and webmoney with a credit card or via wire transfer. EcashEcash - software-based payments system which allows users to send electronic payments from personal computers. EcountEcount - personal web account that lets you send, spend, and receive cash online. Electracash ACH ProcessingElectracash ACH Processing - offers merchants the ability to process electronic payments by directly debiting their customers' bank accounts using the ACH system. GlobalPay Solutions, Inc.GlobalPay Solutions, Inc. - offers proprietary solutions that enable users to charge online purchases to the phone bill. Goldex-USAGoldex-USA - offers an e-gold, WebMoney, and EVOcash exchange service. GoldMoneyGoldMoney - offers patented digital gold currency for instantaneous and secure online payments globally. InternetCash CorporationInternetCash Corporation - offers a credit card alternative available for shopping online. NetSpend CorporationNetSpend Corporation - provides a banking solution for the unbanked and the infrastructure for e-commerce that allows cash payments to take place over the Internet. NOCHEXNOCHEX - send money to anyone with an email address in the UK. Offshore Gold ExchangeOffshore Gold Exchange - provides methods to buy, sell, and exchange gold. OnLine CHECKS Systems On the InternetOnLine CHECKS Systems On the Internet - allow people to pay by check on the Internet PayboxPaybox - enables private customers to use their mobile phones to make fast and secure payments on the Internet. PaymatePaymate - Internet-based financial service enabling individuals and businesses to trade, send, and receive money worldwide. Payment Online, Inc.Payment Online, Inc. - ecommerce solutions for secure online credit card payment processing, with shopping cart software, catalogs, merchant account, hosting, digital download, and recurring membership. Paynet SystemsPaynet Systems - enables businesses to accept every form of payment available. PayPalPayPal - allows businesses and consumers to send and receive secure online payments via email. An eBay company. PayPerNetPayPerNet - allows users to pay and receive money over the Internet without using a credit card. PeppercoinPeppercoin - micropayment service that allows digital merchants to sell content profitably at low prices. place2payplace2pay - international online payment and collection service allowing you to send and receive money. ROBOXchangeROBOXchange - exchanges e-gold, WebMoney, GoldMoney, Pecunix, and other types of digital money in real-time. RocketCashRocketCash - allows kids to purchase goods online without their parents' credit cards. StormPayStormPay - online payment system that allows users to send or receive funds to/from anyone with an email address, even if they don't have a StormPay account. Stormpay to E-gold ExchangeStormpay to E-gold Exchange - exchanges customers' Stormpay Funds into E-Gold Funds. Temple Group, TheTemple Group, The - providing secure online credit card payment transaction store service, merchant accounts, and shopping carts for small medium businesses. TouchCredit Financial ServicesTouchCredit Financial Services - provides secure biometric cardless credit and debit payment solutions, plus bill payment and identity verification services for securing online transactions. Tulsa National e-Money Systems, Inc.Tulsa National e-Money Systems, Inc. - offers paperless transfer and communication systems. VeriSign Payment ServicesVeriSign Payment Services [SPONSOR] - provides payment connectivity over the Internet between online customers, merchants, buyers, sellers, and the financial networks that move money between them. VirtuPayVirtuPay - credit card processing services with no flat transaction or chargeback fees, allowing businesses to charge amounts as small as a sub-penny. WebMoney TransferWebMoney Transfer - offers secure, online, person-to-person non credit card payments worldwide with a full range of services for online merchants and consumers. Western Union MoneyZapWestern Union MoneyZap - service enabling you to send, receive, and request money over the Internet. WMCards.comWMCards.com - offers e-gold, EVOcash, e-Bullion, GoldMoney, Webmoney, and Pecunix e-currency exchange and ATM cash card services. Xcompte.comXcompte.com - lets users send and receive money by email. YagaYaga - provider of payment services that enable businesses to create new revenue streams including micropayments, royalty accounting and content management Yahoo! PayDirectYahoo! PayDirect - online person-to-person payments. Ron/Vanja… we have seen it today: people are not keen on using credit cards online… and even in shops!
© 2003 Roberto Vitalini, wheii.com :: original written concept of SMS CASH: 30-05-2003 4 Opportunity Phase 1: Securing your privacy! Offer SMS PayPal services the easiest and most secure way of making mobile payments A double SMS confirmation would settle the risk of liability. I SMS the service, the service sends me an SMS asking for confirmation and providing a disclaimer Phase 2: Cash Chip on mobile phones Respecting the anonymity of cash and gold when making payments. In the information age we shall be able to move cash wirelessly via bluetooth from one phone chip to the other. Mobile Operators will become leaders in micropayments management (commission of 1% + data traffic)
© 2003 Roberto Vitalini, wheii.com :: original written concept of SMS CASH: 30-05-2003 5 Focus Focus on on-line services and not real world services (parking, coke machines, etc) We will have the advantage of a server application between ourselves and the customer which is separate from the merchant and which we can use for all the legal dialogue etc. (like pay pal). In that case we don't care if they are selling books or hashish
© 2003 Roberto Vitalini, wheii.com :: original written concept of SMS CASH: 30-05-2003 6 Business model and timing paid by merchants and paid by customers. Commission for the transaction. interest on liquidity Timing: We are aware of the risks: Paybox paybox was probably the most promising alternative solution for e-payment in Europe. Deutsche Bank, Europe's largest banking concern was the major shareholder. Now the german based company retreats to providing enterprise solutions. paybox, the payment solution used by Ebay among others, is dead. The idea behind paybox was to marry the mobile phone craziness in Europe with e- payment to fill the gap opened by low usage of credit cards in many European countries.
© 2003 Roberto Vitalini, wheii.com :: original written concept of SMS CASH: 30-05-2003 7 MISSION IS TWO FOLD Privacy/Anonimity The Freedom to spend small change on the web NTT DoCoMo Inc. will soon be selling new handsets that will incorporate Sony Corp.'s Felica contactless smart card technology. bitWallet, a joint venture between Sony, Sony Financing, NTT DoCoMo, Tokyo Mitsubishi Bank, Toyota Motor, KDDI, and 24 other companies. The firm produces the Edy contactless card-based e-money system, which in turn uses Sony's proprietary "Felica" smartcard radio-sensing technology. Felica has been deployed in Edy e-money cards, Japan Rail's "Suica" cards used for entering trains, and several other applications.
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