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Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
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US-ENTERTAINMENT Summary | 14 October 2010

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The Internet poses an increasingly urgent problem for newspaper publishers who want to make money from the articles they put on their websites, but who are worried they will deter visitors by asking them to take out a full subscription. The new system, developed by a start-up company in Belgium, means Internet surfers can pay to read a single article or download a piece of music without having to fill out forms or enter their credit card details on the website. The company, called Paycento, uses the fact that surfers are often logged in anyway with their profiles on social networking sites like Facebook, Linkedin and Twitter. It means that visitors to a website can pay small amounts with a single click, much in the same way that they would click a 'Share' or 'Tweet' button to post an article on their social network profile. "Those social identity networks also are really identity providers ... so we piggyback on that," Pieter Dubois, the company's 41-year-old founder, said. Dubois, a former IBM executive, set the company up in the middle of last year because he saw a need for easy-to-use online payments. "The payment is really seamless ... so it's like a one click payment on the internet," said Dubois, explaining that it is one click if the authorization procedure is not used. The system works by a user having an online Paycento account, which they then link to their Facebook, Twitter and Linkedin accounts. "We want to make it economical for the merchant, for the publisher to offer something at any price point, that means both at 10 cents, at 5 cents as at 1 euro," said Dubois. For its small payments service, online firm PayPal in Britain charges 5 pence plus 5 percent. Paycento is talking to venture capitalists to try to raise around 5 million euros ($6.66 million), which Dubois hopes will last the company for two to three years, when he hopes it will start covering its losses. While the Paycento technology is not yet being used by online publishers, the company said a major European media company is testing a beta version, but declined to say which one because of a confidentiality agreement. "We are going to make the full system, where you can really start doing commercial transactions, we would hope at the end of June ... July at the latest," said Dubois. ($1 = 0.7509 euros) (Reporting By Ben Deighton; Editing by Andrew Callus) Tech Media Facebook Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Monday, 2 April 2012
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Web surfers to pay online using Facebook, Twitter |
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