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What CIOs need to know about digital payments

Jonathan Hassell | Aug. 26, 2015
As digital payments become not only accepted but demanded by customers, the lack of adoption by businesses could cause some friction in the marketplace. Here’s why.

Currently, processing fees are such that it makes little sense to accept credit cards for payments under 50 cents, and that’s probably too high a price to pay for content by the page. If there were a simple mechanism where a reader could toss a nickel or a dime to a page creator, we would see valuable content springing up all over the Web – an explosion of it, in fact. Just as microcredit has enabled third world farmers and villages to improve their quality of life, micropayments should allow a new generation of content not supported by advertising to emerge.

 

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