Updated: 3/18/2003; 11:31:37 AM.
Jason May's Weblog
        

Tuesday, July 23, 2002

Web Services Missing a Key Ingredient

...despite all the funds that have been sunk into building the infrastructure of the Internet, so little has been expended on creating a technology infrastructure for collecting its revenues.

This is untrue. A huge amount of effort and money has been spent on this exact problem over the last several years. The terminology has changed, slightly. This is the same as the micropayments problem.

The barrier is not technology, it is the established financial systems (banks and credit card processors). These institutions are essential participants in any effort to solve these payment problems. And they haven't figured it out yet.
7:19:48 PM    


© Copyright 2003 Jason May.
 
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