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Micropayments

Report: Game Console-based Purchases to Generate $833 Million by 2011

Authored by Mark Hefflinger on January 25, 2007 - 9:22am.

New York - Payments submitted via next-generation game consoles for in-game virtual items like maps, game add-ons, casual game titles -- and eventually full console games -- will generate over $833 million by 2011, according to a report from market research firm ABI Research.

tags: Games | Sony | Reports | Microsoft | Nintendo | Micropayments | ABI Research | Video Marketplace |

EA's "FIFA Online" Soccer Game Breaks Concurrent User Record in Korea

Authored by Mark Hefflinger on June 28, 2006 - 7:51pm.
Redwood City, Calif. - Electronic Arts announced on Wednesday that its "FIFA Online" soccer game has broken the record in Korea for the greatest number of peak concurrent users in its opening month.
tags: Games | Sports | Sports Games | EA | Korea | MMO | Commerce | Soccer | FIFA | Neowiz | Micropayments |

Micropayments Firm BitPass Names Douglas Knopper As CEO

Authored by Mark Hefflinger on November 16, 2005 - 4:21am.
Menlo Park, Calif. - BitPass, a provider of online micropayments technology, announced on Wednesday that it has named former DoubleClick senior vice president and general manager Douglas S. Knopper as its new CEO. "BitPass has made impressive gains with its platform to market and sell premium content, and is well positioned to set its sights on portals and brands that command mass audiences," said Knopper.
tags: CEO | Micropayments | BitPass | Douglas Knopper |

BitPass to Provide Micropayments Processing for MSN

Authored by Mark Hefflinger on November 14, 2005 - 7:07am.
Menlo Park, Calif. - BitPass, a provider of online micropayments processing services, announced on Monday that it has partnered with Microsoft to offer co-branded payment services and a marketplace to MSN consumers. The BitPass service will allow MSN portals to sell games, music and mobile content offered by Microsoft, MSN and third parties. The first site to utilize Menlo Park, Calif.-based BitPass' platform will launch this week on Microsoft's ninemsn portal in Australia.
tags: MSN | Micropayments | BitPass |

Micropayments Firm Peppercoin Adds $2 Million to Second Round

Authored by Mark Hefflinger on November 2, 2005 - 4:03am.
Waltham, Mass. - Peppercoin, a developer of online micropayments technology, has raised an additional $2 million in its second round of venture capital, led by Wall Street Technology Partners, bringing the total raised in the round to $10 million. Other investors in the deal include Total Technology Ventures, Pod Holding and an undisclosed, Boston-based institutional investment adviser. Massachusetts-based Peppercoin supports business models for low-priced digital content and physical goods
tags: Peppercoin | Second Round | Micropayments |

Micropayments Processor Peppercoin Raises $8 Million

Authored by Mark Hefflinger on August 17, 2005 - 9:07am.
Waltham, Mass. -- Peppercoin, a provider of online micropayment processing services, announced on Wednesday that it has raised $8 million in venture capital financing. Wall Street Technology Partners led the investment round; previous investor Pod Holding, a Boston-based institutional investor, and several private individuals also participated. The company additionally announced that it has named current president Mark Friedman to the additional role of CEO. Massachusetts-based Peppercoin provides online payment processing for small transactions, for companies including digital music services Mashboxx, Peer Impact and myMPO. The company will use the funds to aid in the roll out of "several advanced capabilities in coming months which enable a blend of prepaid, subscription, pay-as-you-go and post-paid merchant offerings," said CEO Mark Friedman.
tags: Deals | VC | Peppercoin | Micropayments |

Micropayments Firm Peppercoin Raises $4.25 Million in First Round

Authored by Mark Hefflinger on September 29, 2003 - 9:55am.
Waltham, Mass. -- Looking to establish a new, lower cost form of "micropayments" for the purchase of digital content, Massachusetts-based Peppercoin has raised $4.25 million in its first round of venture capital, led by POD Holding. The funding follows a seed investment for Peppercoin of about $1.7 million from a group of individual investors that was announced earlier this year. Peppercoin's technology is based on research conducted at the MIT Laboratory for Computer Science. The company said it can cut the transaction fee on a $0.99 sale from the typical $0.27 to "well below $0.10." Peppercoin is initially targeting music companies, online game providers, newspaper and magazine publishers, and other digital content providers.
tags: Peppercoin | Raise | Micropayments | Firms |

Nokia Strikes European Cell Phone Micropayments Deal with Visa

Authored by Mark Hefflinger on September 23, 2003 - 11:10am.
Helsinki -- Finnish cell phone maker Nokia announced on Tuesday that it has joined forces with Visa EU in a deal that will allow customers to use their phones to make secure card payments. The deal will make use of Nokia's "wallet" application, which enables the user to store personal information -- such as usernames and passwords, Visa payment card details, addresses and personal notes -- on a mobile phone, enabling users to pay for ringtones, games and other content automatically on a Visa account. The two companies plan to demonstrate the application and Verified by Visa at the Mobile Commerce World Europe 2003 event in London, Sept. 23-24, 2003.
tags: Nokia | Deal | Cell Phone | European | Micropayments | Visa |

Nokia Strikes European Cell Phone Micropayments Deal with Visa

Authored by Mark Hefflinger on September 22, 2003 - 11:23am.
Helsinki -- Finnish cell phone maker Nokia announced on Tuesday that it has joined forces with Visa EU in a deal that will allow customers to use their phones to make secure card payments. The deal will make use of Nokia's "wallet" application, which enables the user to store personal information -- such as usernames and passwords, Visa payment card details, addresses and personal notes -- on a mobile phone, enabling users to pay for ringtones, games and other content automatically on a Visa account. The two companies plan to demonstrate the application and Verified by Visa at the Mobile Commerce World Europe 2003 event in London, Sept. 23-24, 2003.
tags: Nokia | Deal | Cell Phone | European | Micropayments |