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Author: "challenge in micropayment is multi-party market adoption”, |
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Date Posted: 20:24:47 02/05/03 Wed “Regardless of end-to-end transaction cost, the key challenge in micropayment is multi-party market adoption”, observes research firm, Glenbrook, which emphasizes the inherent ‘friction’ in online payment. With the rise of commercial Web services, Glenbrook advises, “aggressive micropayment providers need to mobilize, or risk traditional ISP and telco billing vendors moving in to solve what is essentially a high-volume, low-value transaction problem”. Ultimately, however, Glenbrook is skeptical over micropayments, given the costs of customer support, dispute resolution, and “the real-world cost” funds and settlement. [ Next Thread | Previous Thread | Next Message | Previous Message ] |