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You have been buying stuff online. Purchased plane tickets, paid your bills, booked your movie tickets. But now you can do it faster and better. And you need neither an internet connection nor a credit card. Your mobile phone will do. Yes, just send an SMS and the deals done.

Enjoying the first mover advantage, wireless transactions platform provider PayMate has launched Indias first purchase-by-text system, which allows shoppers to purchase a range of products and services directly from their mobile phone. And this is not limited to high-end mobile phones with integrated digital wallet technology or those that can scan barcodes. All that you need is a phone that can send and receive text messages, says PayMates assistant vice-president, marketing, Akshay Sharma.

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E-xact Announces PCI Compliance

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 30, 2007) - E-xact Transactions Ltd. (TSX VENTURE:EXZ), a leading provider secure payment gateway solutions, is pleased to announce that it has achieved full compliance with the Payment Card Industry (PCI) Data Security Standard (DSS).

PCI DSS was developed globally to ensure merchants and service providers adopt best practices to enhance their payment account security. It was developed in 2004 by the card association, which includes: American Express, Discover Financial Services, JCB, MasterCard Worldwide and Visa International. For more information about the PCI DSS visit www.pcisecuritystandards.org.

Being PCI compliant assures that with E-xact's products and technology, merchant and cardholder data is protected by the industry's highest security standards.

Newtek Inks Merchant Acquiring Pact With Discover Financial ...

6/25/2007 3:48:12 PM Newtek Business Services, Inc. (NEWT) on Monday said that its electronic payment processing division, under the Newtek brand, signed a merchant acquiring agreement with Discover Financial Services, a business unit of Morgan Stanley (MS). The company stated that the agreement would allow Newtek Electronic Payment Processing to offer an integrated payment card processing package that includes Discover Network card acceptance to all of its customers.

Under the terms of the agreement, Newtek Electronic Payment Processing would offer small to mid-sized businesses the convenience of consolidated statements, combined settlement, and customer service. Newtek Electronic Payment Processing would have full responsibility for pricing, processing, settlement, risk management and customer service for the customer accounts.