MatrixWatch
September 3rd, 2003, 06:17 AM
Kagi No Longer Services StormPay or PayRequest!
Kagi, a California-based credit-card processing company, had been servicing Pay Request and StormPay in order for them to process credit cards. That relationship has ended as of August 31st. The reason for Kagi's termination of service to these matrix-friendly companies has not been disclosed yet. Pay Request and StormPay, the two largest matrix-friendly pay companies on the internet, turn money into digital credits that can be used to make online-purchases. These pay providers need a credit-card processor like Kagi so that customers can use credit cards to fund their accounts. Without a processor, these pay providers cannot survive. The coming weeks will reveal how StormPay and Pay Request will respond.
Kagi, a California-based credit-card processing company, had been servicing Pay Request and StormPay in order for them to process credit cards. That relationship has ended as of August 31st. The reason for Kagi's termination of service to these matrix-friendly companies has not been disclosed yet. Pay Request and StormPay, the two largest matrix-friendly pay companies on the internet, turn money into digital credits that can be used to make online-purchases. These pay providers need a credit-card processor like Kagi so that customers can use credit cards to fund their accounts. Without a processor, these pay providers cannot survive. The coming weeks will reveal how StormPay and Pay Request will respond.