Micropayments Rise Again
D. Geller - August 1, 1999

Event Summary

eCharge, whose previous initiative was a service that would allow consumers to charge purchases to their phone bill, will announce a new charging and billing system that is completely Internet based. The eCharge system will allow consumers to sign up, get real-time approval and buy immediately. Other features allow the creation of sub-accounts with spending limits for individual family members. A consumer can use eCharge on any website that had signed up with the company. Users can view their account statements online and even pay online. Online merchants will pay less per transaction than they do to traditional credit card processors...