Difference between revisions of "Brief survey of existing payment services"

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(Created page with "Debit payments are possible where an account is prefilled and drawn down for each transaction. The account could be your bank account, or it could be a separate account that you …")
 
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* [http://flattr.com/ Flattr] - prepay service for making payments to sites displaying ''Flattr'' button, where your monthly spend is divided amongst the sites where you clicked the button
 
* [http://flattr.com/ Flattr] - prepay service for making payments to sites displaying ''Flattr'' button, where your monthly spend is divided amongst the sites where you clicked the button
* [http://payswarm.com/ PaySwarm] - micropayment solution that splits payments across people listed in a PaySwarm digital contract
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* [http://payswarm.com/ PaySwarm] - payment solution that splits payments across people listed in a PaySwarm digital contract. Supports decentralized identity and payment, digital signatures for authentication/security, micro-transactions, and crowd-funding.
 
* [http://www.webcredits.org/ WebCredits] - simple system for storing and transferring IOUs (credits) between agents
 
* [http://www.webcredits.org/ WebCredits] - simple system for storing and transferring IOUs (credits) between agents
 
* [http://www.opentransact.org/ OpenTransact] - HTTP based payment protocol
 
* [http://www.opentransact.org/ OpenTransact] - HTTP based payment protocol

Revision as of 16:18, 7 February 2013

Debit payments are possible where an account is prefilled and drawn down for each transaction. The account could be your bank account, or it could be a separate account that you fill with you regular credit or debit card. Another approach aggregates your transactions subject to some overall limit and requires you to settle in full or in part at the end of the month.

please add to this list and amend as appropriate

  • Western Union - person to person transfers settled online through a user's debit or credit card or through cash payments at Western Union outlets
  • PayPal - online payment service settled through a user's debit or credit card
  • Paypal Here - dongle converts phones into wireless card swipe reader for card payments
  • Square - dongle converts phones and tablets into wireless card swipe reader for card payments, "Pay with square" - pay without even touching your phone, merchant automatically opens your tab as you walk in the door, and at checkout time, confirms your identity by your name and photo. How does the merchant sense your presence (WiFi, Bluetooth, GPS, explicit Web notification)?
  • Verifone SAIL - dongle converts phones and tablets into wireless card swipe reader for card payments
  • Flint - use the phone's camera to read your debit or credit card, and enter card verification information
  • V.me - enter your email address and password at checkout as a proxy for swiping your Visa debit or credit card, in addition, support for NFC payments from your phone with the V.me account
  • Paypass - NFC payment solution for Mastercard NFC enabled debit or credit cards, and now from your phone with the PayPass wallet
  • Project Oscar - mobile wallet with payment via the mobile network or via NFC - joint venture between Vodafone, O2 and Everything Everywhere (parent company of T-Mobile and Orange in the UK)
  • Isis - mobile wallet with payment via NFC at any Isis Ready merchant.
  • Google Wallet - mobile wallet with payment from your phone via NFC at PayPass enabled terminals
  • LevelUp - mobile display or printed card with QRCode as a proxy for the user's debit or credit card
  • GSMA OneAPI - HTTP based network payment protocol aimed at mobile operators
  • Bitcoin - a decentralized electronic cash system based upon cryptographic tokens with a peer to peer solution for managing anonymous transactions and minting tokens. Bitcoin is the first digital currency that avoids the need for trusted intermediaries to prevent double spending. This makes it hard to regulate, and Bitcoin has gained notoriety through its use for shady transactions. Arstechnica report: Bitcoin: inside the encrypted, peer-to-peer digital currency.

Some more experimental approaches:

  • Flattr - prepay service for making payments to sites displaying Flattr button, where your monthly spend is divided amongst the sites where you clicked the button
  • PaySwarm - payment solution that splits payments across people listed in a PaySwarm digital contract. Supports decentralized identity and payment, digital signatures for authentication/security, micro-transactions, and crowd-funding.
  • WebCredits - simple system for storing and transferring IOUs (credits) between agents
  • OpenTransact - HTTP based payment protocol
  • IFEX - protocol designed to facilitate the negotiation of financial transactions between internet-based financial endpoints
  • Ripple - credit based solution where commitments to pay ("IOUs") are exchanged along trust chains
  • Opentabs - credit based solution involving settlements of cryptographically signed open tabs ("IOUs")
  • webinos payment API from the webinos research project. It is not linked to a specific payment service provider and is designed to be sufficiently generic to be mapable to various payment services like GSMA OneAPI, BlueVia, Android Payment API or PayPal.