Overheard: Word of the Day

A Whatis.com blog

» VIEW ALL POSTS Jul 10 2012   4:17PM GMT

Will Verizon and AT&T be the new Visa/Mastercard?



Posted by: Margaret Rouse
Tags:
Technology
quotes and quotations “Hundreds of businesses, including Facebook, Zynga and dating website Lavalife, are among merchants that now accept direct-phone-billing payment. And that’s despite the high commission rates β€” 10% to 20% of the transaction β€” that the billing companies charge merchants.”Roger Yu

Today’s WhatIs.com Word of the Day is direct mobile billing, a type of wireless point-of-sale (WPOS) that allows a customer to charge purchases directly to his mobile phone account.

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