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

Pets being abandoned due to recession

As families across the United States struggle to keep their homes and their jobs, they are having to make all kinds of sacrifices - including giving up their pets. more »

Energy MEPs back more energy efficient buildings

Unless you are lucky enough to be sitting in a park with a laptop, then if you are reading this you are probably in one of the 160 million buildings in the European Union. more »

Germany bans GM maize

Germany's decided to ban the cultivation - and sale - of maize with genetically modified organisms, also known as GMOs. more »

White House to get new First Dog

U.S president Barack Obama has lived up to his election night promise. A new First Dog will soon be gracing the lawns of the White House. more »

Gay elephant conservation row

Ninio - bull elephant to come to Poznan Zoo in Poland - is suspected of being gay and unlikely to be much help in creating any baby elephants at the zoo. more »

Lawn mowers? Nah. We got goats!

The New York town of Hempstead bought five Nigerian dwarf baby goats for removing weeds at a park. more »

Easter bunny egg-stravaganza

Pensioner Bernhard Nermerich and his wife Michaela, love nothing more than preparing to celebrate Easter. more »

Interview with Anna Záborská - Women's Rights Committee Chair

The impact of poverty on women and the work-life balance are just two issues the Women's Rights Committee had tackled over the last Parliamentary term. more »

Romania's longest wedding dress

No-one has bought it yet but this wedding dress is already proving to be a tourist attraction in Romania. more »

What role can women play in the economic crisis?

More than 100 Irish women leaders (and some men), from all walks of life, came together to exchange views on the economic crisis at a special one-day conference entitled "Challenges to Irish women in the current economic climate" held in Dublin on 4 April. more »