Moneta Corporation

Moneta, a consumer online payment method, enables financial institutions to establish a brand presence and new revenue streams in the e-Commerce marketplace. Moneta partners with financial institutions offering a bank-branded online checkout process in much the same way they brand credit cards. Banks offering Moneta may capture alternative payments revenue historically dominated by PayPal and Bill Me Later. Moneta provides banks a share of transaction fees for each bank-referred user, thus delivering new revenue opportunities from the growing e-Commerce community. Moneta partners with banks, merchants and businesses to deliver online payment services for consumers to pay online merchants directly from their checking, money market accounts or traditional credit cards. Moneta is free to consumers, who may enroll multiple accounts with Moneta without the need to escrow funds into a third party bank account. Moneta is easily implemented with no hardware or software requirements. Visit www.monetacorp.

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Latest Content From Moneta Corporation

Whitepaper: The Opportunity for Banks in Alternative Payments

by Moneta CorporationJan 01, 2009

This white paper, co-authored by SunTrust Bank and Moneta executives, provides a banker's perspective and market analysis of the alternative payments marketplace, projected to reach 30% of all online payments by 2012. Consumers are increasingly choosing free payment solutions which offer convenience, security and online privacy. PayPal and BillMeLater have become the dominant providers, limiting bank opportunities for interchange, deposit retention and online consumer services. This paper outlines what banks can do to capture alternative payments revenue dominated by PayPal and Bill Me Later. Banks have continued to focus on their traditional payment card solutions and watched from the sidelines as 20 points of payment market share have moved to the upstarts. Banks have the technology, customer base and brand power to remain the dominant players in the payment industry if they more aggressively adopt some of the innovations pioneered by earlier alternative payment providers. This white paper makes the case that banks stand to gain greatly from offering an alternative payment solution to their customers, while highlighting some of the obstacles that must be overcome to achieve success.