Euros Do It All by Phone

Published: 26 March 2001 y., Monday
People can send each other cash, interact with MTV, flirt on a big screen or pay for a cab ride with the push of a few buttons. During the technology trade show, Singapore's Iteru.net demonstrated a communications system that enables people to send messages to a variety of devices from their phones. Iteru.net can translate any kind of message --SMS, WAP, ICQ, e-mail, or fax -- between users to simplify getting hold of one another. The services works with any existing account -- users do not have to change providers. People choose the communications services to make available through a single Iteru.net account. If you want to contact someone, pick his or her name and type of message, and Iteru.net handles the rest. SMS messages can be sent over e-mail, or people using ICQ on their computers can send a quick message to a phone. Iteru.net founder Dennis Goh said the company works alongside phone providers, and does not compete with them. The service is free to individuals. Iteru.net licenses the technology to corporations to unify communications, but the company has had the biggest success so far applying it to youth entertainment. In Nov. 2000, MTV Asia launched the interactive daily TV show U-pop which posts messages sent by SMS or WAP phones. Goh said that rather then waiting for more expensive digital TV that provides two-way communications, it's much more economical to have people use their mobile phones. Iteru.net got its biggest publicity boost during a New Year's event in Singapore where 80,000 people could see messages posted by phone on two 30-foot high screens that were attached to downtown office buildings. Goh said his company also has phone-based services for dance clubs for ordering and paying for drinks, posting messages to a large screen and interacting with the Web. Startup Paybox debuted a service at CeBIT that enables people to send money from their mobile phone to other phones or the Internet. And unlike services such as PayPal that require taking money from a credit card into a special online account, Paybox, transfers cash directly from one bank account to another. To send money, a Paybox user calls a toll-free number, and gives the recipient's mobile phone number. The sender gives the amount and enters a 4-digit pin number to complete the transaction. If the receiver has a Paybox ID, then the money shows up on in their account about 2 days later. Paybox, which is based in Frankfurt, Germany, works a variety of commercial transactions including e-commerce, bill paying, shopping in stores and even paying for cabs. For online or retail transactions, people enter their Paybox number, and the service automatically calls them to confirm the transaction. People answer the call, enter a PIN number and the payment will go through. Paybox founder Mathias Entenmann said the company has signed up 4,000 cabs in Germany, has 200,000 customers, and is used by hundreds of Websites. "It's the broadest way that exists today for cash-less transactions," he said. Paybox can send 5 currencies to banks in Austria, Sweden, Spain and starting soon in England. The company gets revenue by charging a 3 percent transaction fee to retailers, similar to credit card company rates. Paybox accounts are currently free for users, but there will soon be a $5 per year signup fee, Entenmann said. The company will be instituting transaction charges of somewhere between 20 cents and 1 dollar. Last year, Deutsche Bank, the largest lender in Germany, acquired 50 percent of the company, so Entenmann is confident that it will be around for sometime.
Šaltinis: wired.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Community Mechanism activated to address flooding in Taiwan and forest fires in Portugal

The European Commission activated its Community Mechanism for Civil Protection over the weekend to help address emergencies in Taiwan and Portugal. more »

Madonna sings in Poland on holy day

She might have a holy name, but Madonna was not welcome in parts of Poland on one of the holiest days of the Catholic calendar. August 15th this year fell on a Saturday - the perfect day of the week for a pop concert, some might say. more »

Kicking the habit Crusoe-style

The 56 year-old former banker Geoff Spice has smoked for decades and is hoping a month alone in the wilds of Scotland will help him kick his 30 a day habit. more »

Music legend Les Paul dies

Les Paul was a dominant force in the music busine ss since Word War II. He passed away at a New York hospital on Thursday at the age of 94. more »

Militant eludes Indonesia's police

After days of not knowing, Indonesian police forensic tests have shown that a man killed on a weekend raid on a farmhouse in Central Java was not Noordin Mohammed Top, one of South-East Asia's most wanted men. more »

Quality of Living in Vilnius Higher Than in Neighbouring Capitals

Vilnius is the highest-ranking capital among neighbouring countries according to the annual worldwide Mercer's 2009 Quality of Living Survey. more »

Europe's future lies in the hands of young people

The European Union offers young Europeans the opportunity to express their views and help build a sustainable world. more »

Eunice Kennedy Shriver dies at 88

Eunice Kennedy Shriver -- the sister of former President John F. Kennedy -- died early Tuesday morning. more »

Summer motoring - keeping Europe's roads safer

There are many reasons for taking the car on holiday - practicality, fear of flying or the feeling of independence it gives. more »

Audio buoy helps blind swimmers

A new audio aid is giving blind swimmers at one beach in the south of France the freedom of the seas. more »