Wednesday, June 08, 2005

Retail Decisions, Voca and Mi-Pay form joint venture: Digital Payments

Bobsguide News informs us that:
-Retail Decisions (ReD), a world leader in card fraud prevention and payment processing,
-Voca, a leading secure payments processor (formerly BACS Limited)
-Mi-Pay, an m-payments and stored value provider,
today announced the formation of a joint venture company, Digital Payments.

Digital Payments will be a enabling retailers to manage consumer payments on digital sales channels including digital television, the internet and mobile phones. Consumers will be able to pay by Direct Debit across these channels for the first time in the same way as they use a credit card. By using Direct Debit, consumers can organise direct withdrawals from their bank securely and with ease.

Will this then become a serious multi-channel payments competitor for Paypal?