ATM Direct launches Internet payments software

ATM Direct launches Internet payments software

Texas-based ATM Direct has developed a "software-only" payments solution that enables PIN-based ATM/Debit and/or credit card transactions on the Internet.

The patent-pending technology is designed to turn every PC, hand-held device, and mobile phone into a secure virtual ATM machine, says Bob Widner, chief executive officer of ATM Direct.

"As an alternative payments solution, our technology provides Web retailers and merchants with an option that essentially eliminates the opportunity for fraudulent transactions and costly charge-backs," he claims.

Widner says the company is currently in negotiations with several US network operators and merchant processors which have expressed an interest in licensing and marketing the technology.

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