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

48 hr hour week: To opt in or out

'European workers should be limited to a 48 hour week', this was the view of the majority of MEPs at the Employment and Social Affairs Committee held Wednesday 5 November. more »

China - home to the world's most smokers

The World Health Organisation estimates smoking kills about 4 million people a year. more »

UN's Palestinian Refugee chief on “grim” situation

"Hopelessness, frustration and anger” are how a senior UN official described the feelings of Palestinians in Gaza and the West Bank. Karen Koning AbuZayd spoke to us on 11 November after she had met MEPs on the Foreign Affairs and Development Committees. more »

Japan's solar city

Ota city, nestled among strawberry fields in one of Japan's sunniest spots, is testimony to the allure of renewable energy in resource-poor Japan. more »

Michelle Obama as First Lady

Michelle Obama has won praise for her affordable look. more »

Young people eager to have their say

To mark 20 years of European youth programmes, 250 young people came to meet MEPs and set out their vision of Europe on 5 November. more »

90 years since World War I Armistice

1918, on the 11th hour of the 11th day of the 11th month the armistice that ended the fighting in the First World War came into effect. more »

Church of the unholy punch up

The violence between the Armenian and Greek Orthodox groups flared at Jerusalem's Church of the Holy Sepulchre. more »

Warm welcome abroad for Obama

Barack Obama would have won easily by a landslide if Europeans had been voting. more »

Bin Laden son seeks asylum in Spain

Omar Osama bin Laden stopped off in Madrid's Barajas Airport yesterday seeking political asylum. more »