"The following payment options are commonly used by Free Money making programmes online. Each one is slightly different and they all have their advantages. It is probably worth joining all of them and then just unsubscribe from the ones you don't use."
Stake Ventures: $5m for Fraud Proof Mobile Credit Card Authorisation
"His ideas as he says is that the merchant sends a SMS with a payment request to your phone. You then perform some sort of digital signature to authorize it and the payment goes through.
This is already very doable and I have seen lots of similar applications from either smaller entrepreneurs (eg. Luup) in Europe or from various kinds of mobile operator funded initiatives (these always fail though for a variety of political reasons). For the full lowdown on all of these just take a stroll over to Scott’s Payments News Mobile Payment page."
Dave Hulbert's series of fortunate events: Get £2 for signing up to this...:
"It could be useful for when you owe mates a bit of cash. Instead of writing IOUs you can send 1 text message and they actually get the money! Some eBay members also take it. Hopefully it'll get really popular and everyone will use it. It'd be cool to go to 'spoons and pay for drinks without taking my wallet."
..two days later Dave updated this post to say that "it works!!".
Mobile pay. - The Red Ferret Journal
Mobile payment systems seem to be coming of age. Or maybe it’s just that when a market leader like Paypal launches something, the world takes notice? Whatever, there’s a few services around which look like they might be competing for space on your cell phone real soon now.
- Paypal Mobile – 600lb gorilla of online payment systems goes back to its roots and offers mobile phone access for pay and receive. Watch this space to judge how the market will develop.
- TextPayMe – Long standing mobile SMS payment system. US only, so a bit limited.
- MobileLime – Another US only service, offering only retail sale transactions, no person to person transfers which again is rather limiting.
- BillMyCell – kludgy and amateur looking service. Unsurprisingly low on the market radar.
- LUUP – Interesting name, European only at the moment (Germany, Norway and UK), retail payment and person to person. Norwegian company. One to watch?
SMS Text News: LUUP - mobile text payments:
"March 23, 2006
LUUP - mobile text payments
Link: LUUP - About the company.
Our vision is to build LUUP into the number one payment alternative in Europe, providing new purchasing freedom for consumers - both online and via the mobile phone. We aim to provide our business partners with a great new financial service and payment option for their customers.
Ed pointed out LUUP to me the other day. They're another 'TextPayMe', although it seems they've been in operation for quite some time. They've been absolutely nowhere near my radar though -- not surprising, given the lack of news on their site. The last item is currently from November 2005.
I'd be interested to see how Luup react to what's going on in North America.
And I'd also be interested to know who's angling to provide mobile payments to China's 400 million cellular users too."