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Microcap & Penny Stocks : INSP Investors Research

INSP 124.41

-2.3%

Nov 28 9:30 AM EST

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To: howsmydrivingal who started this subject	2/6/2002 11:55:46 AM
From: Dan Hamilton	of 787

Interesting angle for micropayments. I wonder if INSP can build this capability into their platform? VODAFONE SET TO LAUNCH MOBILE PAYMENT SYSTEM Vodafone is rolling out what it's calling an "m-pay bill" system that will enable wireless subscribers to use their mobile phones to make payments of up to £5. The wireless carrier has already inked deals with 50 content providers, including ISPs and broadcasters, to use the system. The m-pay bill system is based on reverse billing -- users respond to a telephone number advertised on a Web site by sending a text message from their cell phones. A message is then sent back, confirming the agreement and including a PIN number that acts as a password to the site. Customers then proceed with the transaction, and the charge shows up on their monthly Vodafone bill. "The important thing is that they are turning the SMS model on its head by charging for receiving, not sending," says a Gartner Dataquest analyst. The system offers practical "micropayment" option when the transaction fee is too small for a credit card. (Financial Times 6 Feb 2002) news.ft.com

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