Credit cards provide little
support for many of the business models in the modern economy
because of the transaction fees and repudiation charges which
has had a negative impact on merchant profitability and are prohibitively
expensive for small or micro payments. This has given rise to
solutions such as smart cards.
A number of smart card based
solutions have emerged which support electronic cash payments
over the Internet. A smart card based electronic cash system,
in other words, a direct electronic equivalent of cash, is simple
to use and provides unique benefits to consumers and merchants
transacting over the Internet, Mobile phones and digital television.
AUMec can provide you with
a professional consultancy in building and implementing Smart
AUMec is also a member of
e-commerce information group, which is the emerging U.K.'s representative
body, in e-commerce, dedicated to providing up-to-the minute information
on key issues, products and services. AUMec leads the Payment
Method and Smart Card Category section.