The devilish detail is whether there are ways to stop payment because the definition requires certain qualifiers.
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Unless Verizon cancels the fee due to public outrage, there are ways to avoid the payment.
But the industry has been looking for ways to better integrate payment systems, and other startups like Boku and Social Gold, have also been working on this.
This can be done in two ways: by speeding up payment or by getting companies to in effect lend to their suppliers.
Getting big banks to come on board and consumers to turn the service into a mainstay sums up the broader challenge faced by Saunders and Visa: find ways to make the best payment options work around the world and dominate the future of electronic payments, or leave the dominating to rivals.
In addition to supporting its in-store experience, the payment can be integrated into the business in other ways.
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Unlike online payment services that give people with credit cards easier ways to transact business, Bitcoin works best when avoiding the traditional financial system completely.
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Buying a ticket now is the equivalent of a down payment, Boyd says, as airlines look for ways to charge passengers for everything from water to luggage.
Finally, there are several ways you can use retirement funds for a down payment.
HomeAway recently launched a new payment platform, Reservation Manager, that is in some ways similar to PayPal.
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There will be subscription services, plus some advertising, and various ways of paying on pay-per-view or micro payment basis.
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There are now lots of different mobile payment technologies from all sorts of companies, but they all seem to have different ways of verifying who customers are.
In some ways, it will be less difficult with the integration of gold into the financial system already through electronic payment systems.
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