RealTime IT News

C/Base Delivers Pre-Paid Personal Spending Technology

E-commerce technology company C/Base said it has developed a new Web technology that "combines the convenience and manageability of credit cards with the freedom and privacy of cash."

Called ecount, the new technology sets the stage for Webwide personal spending accounts that can be used with all merchants and all users on the Internet, the company said.

Using established financial services and Web infrastructures, ecount enables Internet users to conduct secure online transactions through pre-paid personal Web accounts.

The patent-pending ecount technology facilitates both person-to-person and person-to-merchant transactions.

Transaction products powered by ecount enable users to complete online purchases at any merchant and transfer funds instantly to any online individual with privacy and security.

Because ecount technology requires no special software, downloads, or education, it works seamlessly with every online merchant and every online individual, the company said.

One of the first site users is C/Base's Webcertificate.com, the gift certificate operation.

"Ecount technology effectively converts the Internet into a truly open market place," said Matt Gillin, chief executive officer of C/Base.

"Until now, consumers needed a credit card to participate in e-commerce. Now, all Internet users, regardless of age or credit status, can exchange monetary value online with merchants and each other with total flexibility and ease."