Voca, Retail Decisions and Mi-Pay Form Joint Venture Digital Payments
Voca, Retail Decisions (ReD) and Mi-Pay, a mobile payments and stored value provider, announced the formation of a joint venture company, Digital Payments. ReD processes card payments and fraud prevention, while Mi-Pay has extensive knowledge of the mobile, e-money and micropayments environments. Digital Payments will enable retailers to manage consumer payments on digital sales channels including digital television, the Internet and mobile phones. Consumers will be able to pay by direct debit across these channels for the first time in the same way as they use a credit card. They will also be able to organise direct withdrawals from their bank.