Word: playspan
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...gaming world, the typical micropayment system allows consumers to transfer money (usually via credit or debit cards) into electronic accounts, or e-wallets, where hard cash is converted into digital currency for online purchases. There are already several companies providing micropayment services to gaming websites; Santa Clara, Calif. - based PlaySpan offers its service in 80 countries. Micropayments are also migrating to mobile phones. In Japan, cell phones are regularly used to pay parking-meter and vending-machine charges, while Apple's iPhone 3.0 operating system includes a purchasing platform that will allow developers of mobile-phone games to sell virtual...
...Unfortunately, micropayments in the past have failed to live up to lofty expectations. Over the last 10 years, several companies including U.S.-based Peppercoin and CyberCash offered online payment systems that didn't catch on. PlaySpan CEO Karl Mehta says this is because "there was not enough digital content to consume." That's changing. Mehta predicts that micropayment services will over the next few years become available on a wide range of gaming and social websites - adding that there's no reason they can't be used to buy newspaper and magazine articles, too. "The newspaper industry is now crying...
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