e-Direct platform enables Utility companies or ISPs to offer new payment services, allowing subscribers to charge their e-commerce purchases directly to their monthly bill.

CDCOIN’s e-Direct solution is the world’s first "Pay Anywhere" solution, enabling payment at any website and eliminating the need for prior settlement relationships between the Biller and the individual merchant.

The e-Direct platform provides an innovative and convenient method, enabling your customers to conduct one-click e-commerce payments without using a credit card by charging purchases to their monthly bills.

For the first time Utility Companies can participate in the e-commerce market, providing payment services while enjoying new revenue streams. CDCOIN offers Utility companies the opportunity to leverage the billing relationships they have established with their customers, improve services, increase customer loyalty and create additional revenue streams.

With CDCOIN e-Direct patented technology, Utility Companies need not concern themselves with establishing settlement relationships or clearing agreements with each individual merchant. Subsequently, merchants do not need to install any special software and are totally uninvolved in the process

The CDCOIN e-Direct platform allows Utility companies to:
  -Offer their customers a payment solution that is accepted at any website
  -Generate additional revenue
  -Create added value e-Services
  -Sustain and improve market share
  -Enhance the company’s’ brand and improve image
  -Eliminate fraudulent exploitation

The Transaction Model

CDCOIN e-Direct technology is based upon a unique patented triangular transaction model. This structure enables the consumer to shop at any merchant website and, at the time of purchase, instruct his/her Biller to complete the transaction on his/her behalf and, subsequently, debit his/her personal bill. The consumer does not use a credit card, nor are any of his/her personal payment details forwarded to the merchant through the web -thus, protecting the customer from unauthorized viewing or fraudulent exploitation.

In a typical transaction using other e-payment methods, the purchaser selects the goods for purchase at a merchant website and then pays for merchandise using a standard payment method - usually a credit card. The transaction is then settled via existing clearing processes between the merchant and a chain of processors (credit card companies) that lead to the customer’s credit account. All other existing e-Payment methods require a direct settlement mechanism between the payment service provider and the merchant, necessitating a technological interface. These e-payment solutions are limited to the few websites which have accepted the specific technological interface and settlement agreements. Consequently, there are a multitude of e-payment solutions that can only be accepted by limited groups of e-merchants.

In a typical CDCOIN e-Direct transaction, the purchaser selects the goods for purchase at a merchant website. At the time-of-payment, the purchaser is redirected to the CDCOIN e-Direct server. The purchaser provides his digital signature to the Biller. The Biller approves the purchaser’s available balance and submits it’s own secure payment information to the merchant in order to approve the purchase. Using e-Direct, the Biller is able to utilize all standard existing payment methods, thus allowing payments to be conducted at any merchant website without the need for any form of prior settlement relationships with the merchant.