I have never seen a topic anywhere on this, so I am going to ask this question to everyone, and espially Credit Card Processors.
Why don't you bill debit cards? Those are secure. Every person has a indivual pin number. If the banks don't want you to store the pin, it could be a one time charge, similar to a 1-900 billing solution. The networks are worldwide at the moment, and should be fairly easy to connect to the existing visa/mastercard networks.
One response I expect to get from this is the whole "Visa Cheque Card" is just as good as Visa. That is only the case in the US as far as I know. I live in Canada, and we don't have Visa Cheque cards here. Everyone has a debit card, everyone uses their Debit card to make purchases. I use it 4-5 times a day, from Gas to fast food, groceries, candy from the convience store, medacine, movie tickets, etc. It is the most popular form of payment here. More people pay with it then all other forms of payment. That includes cash and Credit Card.
I don't have the exact figure on hand, but it was somewhere between 60 and 80% of Canadians prefer to use their Debit card to any other form of money to purchase items.
I don't know the situation in other countries, but I am sure the networking backend is easy to link worldwide.
My Mastercard is connected to the "cirrus" network.
One of my Debit cards is linked to: Cirrus, Interac, ARN, Maestro, and ATB networks.
My other Debit card is linked to the Plus and Interac Networks.
If I remember correctly, Visa is connected to the Plus network.
The network structure is there, it is as viable billing alternative as US chequeing accounts are. Why aren't adult billing companies using this to accept payments with,
Any ideas?
ZoiNk
Why don't you bill debit cards? Those are secure. Every person has a indivual pin number. If the banks don't want you to store the pin, it could be a one time charge, similar to a 1-900 billing solution. The networks are worldwide at the moment, and should be fairly easy to connect to the existing visa/mastercard networks.
One response I expect to get from this is the whole "Visa Cheque Card" is just as good as Visa. That is only the case in the US as far as I know. I live in Canada, and we don't have Visa Cheque cards here. Everyone has a debit card, everyone uses their Debit card to make purchases. I use it 4-5 times a day, from Gas to fast food, groceries, candy from the convience store, medacine, movie tickets, etc. It is the most popular form of payment here. More people pay with it then all other forms of payment. That includes cash and Credit Card.
I don't have the exact figure on hand, but it was somewhere between 60 and 80% of Canadians prefer to use their Debit card to any other form of money to purchase items.
I don't know the situation in other countries, but I am sure the networking backend is easy to link worldwide.
My Mastercard is connected to the "cirrus" network.
One of my Debit cards is linked to: Cirrus, Interac, ARN, Maestro, and ATB networks.
My other Debit card is linked to the Plus and Interac Networks.
If I remember correctly, Visa is connected to the Plus network.
The network structure is there, it is as viable billing alternative as US chequeing accounts are. Why aren't adult billing companies using this to accept payments with,
Any ideas?
ZoiNk
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