By Dan Ilett, 13 March 2006 16:10
NEWS
Carphone Warehouse is to sell mobile phone top-up payments by text message and over the web.
Transactions company Digital Payments signed a deal with the mobile phone reseller to offer the service for its two virtual networks, Fresh and Mobile World.
Customers register for the top-up service on a secure website, then text 'top-up-£10' or 'top-up-£15' to a special Carphone Warehouse number, according to Ian Price, managing director of Digital Payments.
Price said the system is password protected to prevent unauthorised transactions.
He said: "With all password-protected systems, the consumer needs to be sensible."
Digital Payments is a joint venture between card fraud analysis company Retail Decsions, payment processing company Voca (formerly known as Bacs) and Mi-Pay, a micropayments and mobile pre-pay company.
Earlier this year, Retail Decisions released research showing card-not-present fraud - the practice of using cards to buy goods by mail, telephone or internet - rose three-fold last year because chip and PIN technology has made it harder to commit fraud in the shops.
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1. Roger Huffadine
Errr - pardon my stupidity but how do you send a text message when you have run out of credit? Texts, unlike speech calls are packet based 'asynchronous' [one way at a time] communications and as such the network doesn't know it should let the phone that has run out of credit to make the call.