|A new online ATM debit solution, aimed at creating new payment options for the internet, particularly online gaming where credit card repudiation is extremely high, will be demonstrated Wednesday in New York.|
The PaySafeNow ATM debit solution provides card present transactions directly on the ATM network, eliminating repudiation.
The product supports existing magnetic stripe cards, as well as smart cards, and provides a means to transfer funds directly from an ATM debit account for payment, or to load funds into an e-wallet or e-type of account.
SSP Solutions has developed the payment facility, in conjunction with strategic partner Freestar Technologies and will be demonstrating its effectiveness June 26, at Freestar's offices at Avenue of The Americas, New York.
Freestar's ATM solution is aimed at developing SSP's online business opportunities and anticipates the future prospect of legalized online gaming in the United States.
Besides expanding the types of online financial products and services for consumers, PaySafeNow extends Internet direct debit payments to other regions of the world where credit is not as widely used as in the United States. In addition to performing traditional debit transactions, the reader and software can facilitate wire transfers and online gaming winnings by loading funds into a customer's credit/debit account.