Auckland firm creates .Net payment service

An application that enables credit card payments over a cellphone was among a number paraded at the launch of Microsoft's Visual Studio .Net development tool in Auckland on Friday.

An application that enables credit card payments over a cellphone was among a number paraded at the launch of Microsoft’s Visual Studio .Net development tool in Auckland on Friday.

Visual Studio .Net is a tool for creation of web services, and year-old company Mobile Commerce used a beta version to build its Mcredit application.

Managing director Adam Clark says the application is a WAP-based service that, once launched in April, will allow taxi drivers, for example, to electronically carry out credit card transactions.

“They’ll be able to use a WAP-enabled cellphone to take credit card payments,” Clark says. Mcredit authorises the card and transfers funds into a merchant’s bank account faster than it takes to manually complete a credit card payment, he says.

Clark says the BNZ is developing a service based on Mcredit, which will be available via the Telecom and Vodafone networks. He expects it to compete with mobile Eftpos options, with the price benefit of not requiring the rental or purchase of a terminal.

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