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Technology Stocks : WAVX Anyone?
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To: Marty Lee who wrote (3385)7/26/1998 3:59:00 PM
From: FLOTSAM  Read Replies (1) of 11417
 
The wavemeter, once established in computers and properly marketed as a secure way to purchase content, will be used as a matter of convenience by consumers. The wavemeter also looks sterling
on the business side of the deal too for the following reasons:

1) Internet micropayments range from a fraction of a cent to $15.00
The point being--these are too small for credit card companies and their banking partners if they accept them using their current transaction systems. The transaction would cost more than the goods themselves. I would imagine the wavemeter's tracking capabilities should add a degree of economic feasibility to this equation.

2) Dozens of e-cash and micropayment companies are scrambling (also spending millions of dollars in the process) to overcome the limits of normal currency with new online payment methods. The same companies are also trying to alter the way that money is spent beyond the Internet, leveraging similar technology in electronic smartcards, e-cash wallets, and personal i.d. details. ******The wavemeter is
much more practical, because it'll be easier and much more hassle-free on the business end of the deal.

3) Back to number 1: According to "Global Technology Business", July, 1998 issue (where all the info in this post was taken), e-cash companies are trying to make their systems very merchant friendly----and one of the advantages is that they hold out the promise of lower fees for the merchants than credit cards. The typical merchant pays the credit card company anywhere from 2% to 5% of sales on a credit card purchase. A merchant using a micropayment system should be about 1% to 1 1/2%.

The wavemeter will be convenient for the consumer and will bring a larger profit margin to companies selling content over the internet.
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