Consumer Payment Card News

BillMyParents

A new payment service has surfaced that enables tweens and teens to shop online without a credit card while giving parents control over any purchases. The new “BillMyParents” system gives tweens/teens immediate access to more than a million products through a shopping site powered by Amazon.com. To date, “BillMyParents” has also forged partnerships with online gaming sites and social network applications targeted at teens and tweens, including Artix Entertainment, Habbo, Outspark and RockYou!, among others. Once they have made their selections, “BillMyParents” sends a notification to the parent or other adult guardian, by email or mobile text, through an automated, instantaneous system. Parents then review the tweens/teens selections and can approve or deny each request individually, or as a group. For the approved selections, the parent then enters their credit card information to complete the transaction. The whole process can be completed within minutes without the teen, or the merchant, ever gaining access to sensitive credit card details or other personal information. The simplicity and speed of “BillMyParents” lets the teen resume shopping or play without ever having to leave the e-commerce site. For more information: “www.billmyparents.com”:http://www.billmyparents.com

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