Consumers with bad credit now have prepaid cable option
By Kristen Lawrence
The credit card processing system can operate without being linked to existing billing systems. The service is activated after the payment has been processed and will terminate once the purchased time has expired.
Cable users who have the system will be presented with a portal where they can select the service of their choice and pay with a credit or debit card. In addition, they can choose the service speed, usage volume and duration.
The prepaid service was created to provide another option for consumers who have bad credit or cannot pay their cable bills. Even if they are unable to sign a contract with a high speed data provider, these consumers will now have the option to access some broadband features for a limited time.
"Using the PrePaid System, service can be extended to customers failing credit requirements and the PrePaid System can be used as a mechanism to enable credit terms to be adjusted," said Adam Dunstan the president of Active Broadband Networks.
This builds upon the existing prepaid card option for consumers whose credit history prevents them from obtaining a credit card at a reasonable rate. Prepaid cards can help consumers rebuild their credit and make purchases that require credit cards.
Related News - Credit Card Processing
PulseWallet allows you to pay with your veins!
PulseWallet uses a highly reliable biometric authentication system based on palm vein pattern recognition technology from Fujitsu. The PalmSecure-enabled terminals link the consumer's palm to a personal digital wallet that electronically tracks and stores receipts and coupons at the point-of-sale.Full Article
Emerging Wocket and Coin Platforms for Credit Card Processing and Beyond
Do you hate having to carry multiple credit cards in your wallet? Well, two companies Wocket and Coin are introducing the next generation of wallets with the idea of replacing all the bulky cards in your wallet with a single card.Full Article
Reducing the rate of shopping cart abandonment
Online retailers spend significant amounts of money marketing their web presence and attracting customers to their site to browse and ideally purchase products. However, despite placing items in virtual shopping carts, online shoppers frequently abandon them for one reason or another.Full Article
Visa and MasterCard Pursue Fee Settlement
A class action suit, ‘The Payment Card Interchange Fee and Merchant Discount Antitrust Litigation suit’, was filed against Visa inc. (V), MasterCard Inc.(MA) and other financial institutions back in 2005. The law suit was filed on behalf of retailers who sought to challenge the process through which the banks arrived at interchange fees.Full Article