Todd Cochrane spoke to Stephen Petheram, Marketing Director of PayWizard, which is part of MGTpic, about PayWizard. PayWizard allows anyone to take a payment at anytime. It permits the merchant to set up multiple payment options including daily, monthly, yearly, subscription and micro. It enable one click purchase. If there is not enough money in the PayWizard account then the money will automatically be withdrawn from the card that is connected to the account on the sites that the consumer list as their favorites. The transaction data will belong to and be visible to the merchant at all times.
As the consumer you can set a limit on the amount that can be withdrawn a day without having to enter a pin number. PayWizard works cross platforms so that payments that are made on a mobile platform will also show up on systems that take payment from online platforms.
The system is available on multiple devices including the iPhone, iPad, Android, online and connected TV, just to name a few. Right now PayWizard is only available in Europe, but they are working hard to open up the US market.
Interview by Todd Cochrane of Geek News Central.
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