January 19, 2001, 12:00 AM

Internetcash.com Plans More Product Launches

Internetcash.com Inc., which launched prepaid Internet purchasing cards earlier this week, will unveil more products to gain a larger share of online transaction volume. Because their payments to merchants are based on ACH transfers from the company's central deposit account, the discount fee charged to merchants is set at a flat 2.25% of purchase price, and might go lower for big accounts, says CEO Charles Doherty. The company's new product plans are aimed at micropayments, transactions of less than $5, and card-to-card transactions, where a cardholder transfers value to another cardholder through the company's Web site; the funds are accessed through ATM machines. Doherty says the company will compete with a similar service offered by First Data Corp. subsidiary Western Union Financial Services Inc.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Ernie Diaz / E-Commerce

Can Tencent win the mobile commerce battle with Alibaba?

The two Chinese Internet giants are increasingly encroaching on each other’s territories. A Beijing-based marketing ...

FPO

Matt Swan / E-Commerce

Do cash-back sites really drive incremental sales?

Yes, suggest data from Affiliate Window, an affiliate marketing network. And consumers spend more when ...

Advertisement