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Thursday, March 20, 2008

The POLi online bank payment platform aims to increase payment choice while reducing card-not-present fraud

The technology behind POLi was developed by Australian firm Centricom Pty. According to merchants in Australia using POLi, the service now accounts for an average of 23 per cent of their total online payment transactions.

Centricom teamed up with UK-based online payment firm Neteller last August to launch a joint venture to roll out POLi in Europe, starting with its launch in the UK last week. The service, distributed through Neteller’s payment processing arm Netbanx, supports transfers from all major UK high street banks.

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