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The Atlanta Fed's macroblog provides commentary and analysis on economic topics including monetary policy, macroeconomic developments, inflation, labor economics, and financial issues.

Authors for macroblog are Dave Altig, John Robertson, and other Atlanta Fed economists and researchers.


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January 28, 2007


Small Things That Bring Big Changes

This story, from the Wall Street Journal Online's Davos World Economic Forum blog, seems like one of them:

Mircosoft Corp. is developing on an online payment system that will be cheaper than credit card transactions, making it possible for companies to charge small fees for Web-based content and services they now offer for free...

Mr. Gates described a system that would undercut credit card fees, making it profitable for an online newspaper to charge small fees for an individual article, for example. “If you want to charge somebody $0.10 or $1 a month, that will just be a click … you won’t have to manage some funny thing or pay some big credit charge, where half of it goes to the clearing,” Mr. Gates said.

I have seen the future.

January 28, 2007 in This, That, and the Other | Permalink

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Comments

Ok, but how is it different from or better than PayPal? PayPal is a pretty good payment system that already has a wide network of users.

Knowing only what you and the WSJ report, I would have to guess that it has to do with integrating it into Windows and IE.

Oh yeah, PayPal already has a Firefox extension.

Color me unimpressed.

Posted by: William Polley | January 28, 2007 at 02:34 PM

William -- You have a point. I don't really know of a difference from paypal, though I was responding to the implicit claim that they think processing costs can be so made so low that very, very small transactions would be feasible. (The 50 cent newspaper, for example.) I guess Microsoft doesn't have much of a record on this stuff, so who knows.

Posted by: Dave Altig | January 29, 2007 at 07:09 AM

Micro payments has been an issue in the community for a long time with no resolution that I know of. M$ is always behind the curve.

Posted by: DILBERT DOGBERT | February 04, 2007 at 12:11 AM

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