eCommony, Inc., a pioneer in person-to-person payment solutions, announced the debut of FundTransfer — the first person-to-person credit card payment application based on eCommony’s PayToCard Network infrastructure. FundTransfer is introduced at eCommony’s website ([http://www.ecommony.com]) and will be available to immediate deployment in the next month.
eCommony released FundTransfer only few weeks after announcing its initial PayToCard infrastructure. FundTransfer is almost an off the shelf solution, allowing every website to use it immediately. It is adapted automatically to the website configuration. Users just have to fill out an electronic form at the website, wait few seconds for approval — and the receiving party receives the money electronically, according to the transaction.
“FundTransfer is a significant component in our overall strategy to become the leading supplier of person-to-person payment solutions over the Internet,” said Saar Safra, Chief Technology Officer of eCommony. “This new solution addresses the rising demand for payments to individuals, in addition to payments to businesses, thus enabling every individual to use the Internet for his daily shopping.”
FundTransfer solves all current problems faced by people accepting person-to-person (P2P) transfers — electronically — such as complex sign-ups, difficult operations, frustratingly long user requirements and the inability to send money from one person’s credit card to another. “That changed completely today with the debut of FundTransfer,” said Mr. Safra.
“FundTransfer solves the thorny issue of instantly transferring money from credit card to credit card which greatly increases utility and reduces the complexity of using the Internet for P2P payments,” said Jim Nations, President and CEO of San Jose-based PocketPass.Com, Inc., which has developed and patented the world’s only combination of pre-paid telephone card and Internet payment system. Nations said that, “While PocketPass enables people without credit cards to make web purchases and P2P payments, we signed up with eCommony because their FundTransfer system is a significant advance that offers quick and easy benefits to PocketPass members who choose to make credit card transactions. We are pleased to offer this powerful new tool to our customers, enabling them to transfer funds between their PocketPass card and their personal credit card accounts.”
The key market of eCommony is the “Mediator Platforms” sector, such as auctions and classifieds web sites. FundTransfer will allow their customers to buy and sell each other with in a mouse click. Small and home businesses will be able to use eCommony’s online registration service that will register them as PayToCard customers within minutes. The online registration service will be launched next month.
About eCommony, Inc.
Founded in 1999, eCommony Inc. designs, develops and markets innovative, patent-pending solutions enabling Person-to-Person (P2P) e-commerce over the Internet. eCommony’s technology is best suited to serve any site providing Auctions, Classifieds, eConsulting, eService and Garage/Yard sales capabilities as well as private Shareware sellers. eCommony’s innovative, patent pending risk management technology, is desigend to fit the specific needs of the P2P market. For more information, please visit the company’s website [http://www.ecommony.com].
About PocketPass.Com, Inc.
Founded in 1999, PocketPass.Com is an Internet service and infrastructure company which has developed and is marketing the PocketPass, a dual-use, patent-pending, anonymous, pre-paid telephone card and Internet transaction system which offers online shopping without a credit card, offers person-to-person payments, an easy-to-use premium-cintent micropayment system and solves the serious payment issue that has prevented e-commerce from taking off outside the United States where fewer than 90% of the people have credit cards. For more information, please visit the company’s website [http://www.pocketpass.com].