BT has signed up Internet payment vendor Mondex as part of its ADSL high speed Internet access trail.
Mondex, backed in the UK by the National Westminster Bank, will initially allow only the 800 test sites in north and west London to buy limited pay-per-view TV, but MP3 and gaming could also be on the cards.
Mondex is a cash-like payment method in that the transaction is immediate, unlike the delayed payment of a credit or debit card. This makes it more appropriate for small transactions under £5 which stores are reluctant to accept on credit card, according to Gerry Hopkinson, head of corporate affairs at Mondex.
The system relies on technology from SmartAxis, which allows a viewer with a card and card reader to make Internet payments.
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