A new way to pay: Noca's credit card alternative | Webware - ...
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Saved by 1 people (0 private), first by anonymouse user on 2009-02-09
- Telecommatt on 2009-02-09 - Tags credit , paypal , merchant-account , online-payment
Public Sticky notes
Noca, CEO PJ Gupta told me, does not enable credit of any sort. Rather, it's a financial interchange platform that lets consumers pay for goods through direct checking account withdrawals.
Highlighted by telecommatt
Gupta told me he was formerly in charge of Visa's network architecture, and that Noca is built in a more efficient way. "There's no reason to use IBM servers today," as the credit card processing companies do. "There are two to three order of magnitude of inefficiencies there."
Highlighted by telecommatt
on 2009-02-09 by telecommatt
It's funny how often we do things this way just because that's the way we always have.
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