March 21 - For bankcard transactions, we live in the era of the Internet. But for simple cash transactions, we return to the days of Queen Victoria and Rule Britannica. Write a check, put it in the mail. Pull out cash. Why can’t we use technology to make simple financial transactions quickly and easily in 2011, and without being afraid that we will get ripped off?
Payment Pathways offers banks a simple, safe and easytouse solution: Greenlist. In essence, Greenlist is a synchronized network of public directories of personal electronic payment addresses. It is a "hiding data" technology. Its invention is described in its U.S. utility patent for a privacy management system for electronic payment addresses. The system ensures that your registered e-payment addresses can only receive funds and are publicly discoverable so payments can be made to you that are safe and secure. You never again have to tell anyone, any merchant or any payment system your actual bank account or debit card number.
Click here to read the full white paper.