24 September 2017
visit www.avoka.com

Dynamic Transactions joins person-to-person payments fray

21 June 2000  |  1458 views  |  0 Dynamic Transactions joins person-to-person payments fray

Silicon Valley's Dynamic Transactions is the latest company to join the increasingly crowded person-to-person payments market. Its PayPlace payment technology has been built as an integrated OEM solution for companies that want to provide online e-mail-based payment services to their customers under their own brand identity. Consumers can try out the service direct by logging onto www.payplace.com.

Dynamic Transactions plans to OEM its technology to a variety of partners including financial institutions, portals and vertical application sites.

"In less than two months of testing we experienced exponential growth with close to 50,000 unique registered users," says David Beckwith, president of Dynamic Transactions. "In addition, PayPlace was offered as a payment mechanism in tens of thousands of eBay auction sites alone. The current rapid adoption of the consumer offering highlights the growing demand for this type of payment service."

Like rival services from the likes of X.com, the PayPlace payment technology enables US consumers to send money to or collect money from anyone with an e-mail address. The sender needs only a valid credit card - Visa, MasterCard or American Express - to set up an account with no service charges.

Dynamic Transactions has venture capital funding from Hummer Winblad Venture Partners, Trans Cosmos USA, Angel Investors, and individual investors.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

X.com email payments available via mobile phone

X.com email payments available via mobile phone

16 June 2000  |  1186 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.sibos.comvisit www.capgemini.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13648 views comments | 29 tweets | 44 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
10368 views comments | 14 tweets | 30 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8678 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8614 views comments | 16 tweets | 1 linkedin
ISO 20022: The common language of choiceISO 20022: The common language of choice
8381 views comments | 1 tweets | 2 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job