WHY WAS A SUBSCRIPTION PAYMENT OPTION PROVIDED?
PDND is designed to
be a source of competitive advantage for payment industry
professionals. Registered readers will be updated on relevant
changes so that they can respond to opportunities and threats
quickly and effectively. We propose to achieve this objective
through a combination of emerging technologies: internet content
monitoring, micropayments, e-mail newsletter broadcasting and weblog
systems for both digest archives and reader feedback.
The payments industry is currently at the early stages of a
technology refresh. Tens of billions of dollars will be spent over
the next few years by banks, retailers, and payment processors as
technology and regulatory changes open new markets to replace paper
payments with digital alternatives. Alternatives that are both more
convenient and cheaper than the payment options they will be
replacing. This opportunity places a premium on remaining current on
relevant events.
We designed this digest on the assumption that you had no more
than five minutes to scan the important developments of the past 24
hours and decide to review or print a couple of articles. Instead of
paying a large up-front subscription fee, micropayments enable you
to pay small amounts for the content you actually use. Thus you gain
knowledge of relevant content while paying less. We are able to
dramatically expand our registered user base by not having to
collect up-front fees. BitPass™ micropayment technology enables the
PDND to be provided free of advertising and the time it takes to
load your screen with pop-ups and distracting images.
There are an
estimated ten million new web pages a day being published on the
internet. We have invested in a range of automated filtering
tools that are constantly monitoring over 600 industry related web
pages for changes, performing article searches for mentions made of
industry leaders, table of content updates on over 100 publications
and key word searches on over 10,000 news feeds. The sole
purpose of these technologies is to monitor for relevant
developments for the retail payments professional.
As a register subscriber, you will receive an e-mail each morning containing a listing of 10-12 news headlines, a synopsis of each along with a link to the original news site. If the article appears relevant, you can move your mouse over the link and click through – after first approving a small payment for the filtering service that located and conveniently presented you this recent development. You only pay for relevant information that you weren't already aware of. The articles in each PDND issue are equally divided between two sections: the first containing new developments in the past 24 hours and the second made up of important developments within the past week in a topic of interest. These five topics are also used to archive past news links on our Weblog.
·
Monday - Major
Retailers: What are the top
200 retailers doing in their various markets that are relevant to
their use of payment services to compete and gain market share?
·
Tuesday - Small and
Medium Retailers: What
developments are occurring that are relevant to the sale of payment
services to the other five million retailers in the
marketplace?
·
Wednesday: Risk / Legal
/ Regulations: Insurance,
fraud, court case rulings, legislative initiatives and card /
processor regulations all play a large role in defining the
framework in which payment services are priced and marketed.
·
Thursday: eCommerce and
Technology: How is the internet and today's
technology changing the role of retail payments, new products,
revenue streams, the advances in POS terminals / software, smart
cards, RFID, wireless, PDA's, processor networks and TCP/IP service
offerings.
·
Friday: Cash / Checks to
Electronic: There are currently twice as many checks
presented at POS than card transactions and twenty times that number
of cash transactions. This topic will track and report on advances
in check truncation/conversion and micropayments used to turn these
paper payments digital.
The PDND employs the
most convenient micropayments technology so you don't have to waste
time on reviewing material that you are already aware of, not to
mention the time it takes to load advertising used to support "free"
news reporting. If your time is worth $30 an hour - the 30 seconds
waiting for the page to load all that advertising and another two or
three minutes reviewing material looking for something you can use
is costing you a couple of dollars. We do the monitoring for you,
package and summarize the relevance of news developments and let you
decide to spend "pocket change" on information you can use to create
value.
Our
business model is not based on advertising revenues or major
subscription commitments from our audience. Our focus is upon
serving payment professionals that have limited time to spend
keeping updated on breaking developments in their field. Our
content analysis technology is constantly being refined by the
feedback we receive daily from your individual decisions to purchase
or ignore news developments we serve up each morning. After a
trial period of spending $5 which we invest in our relationship, we
both should know if this is a relationship worth extending into the
future.
No, PDND is only available in HTML format.
WHAT IS YOUR
POLICY TOWARD PROTECTING SUBSCRIBER INFORMATION?
Consistent
with our focus on delivering relevant information without
distraction, we ask for and store nothing other than your e-mail
address. BitPass™ maintains extensive security to protect
their funds transfer instructions on your account, but that
information is not available to us and we have no interest in
obtaining or being responsible for it’s protection.
DOES THE PDND
REPRESENT A FORM OF COPYRIGHT INFRINGEMENT?
No. Under the fair use doctrine of the
U.S. Copyright statute, it is permissible to use limited portions of
a work including quotes, for purposes such as commentary, criticism
and news reporting. The PDND provides source links directly to
public domain sites. Our value proposition lies in summarizing
the relevance of the article content and the convenience of not
having to search for this type of information before deciding to
make a BitPass™ purchase.
WHY WAS A SUBSCRIPTION PAYMENT OPTION PROVIDED?
Registered users requested this payment method as a means for further speeding their access
to relevant information and save the time needed to authorize individualized articles each morning. For more details on the subscription options and reasons for this
enhancement, please visit this LINK
Eric A. Thomson
Copyright © 2003 Profit Source, LLC. All rights reserved.
Revised:
08/13/03
