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Noca is launching a new online payment service which brings down the total cost of processing online transactions and better than other online payment service like Paypal, Google Checkout and Amazon Flexible Payments.

Noca is a secure payment solution for online merchants with no fixed fees and zero start-up costs. It reduce pain of online merchants, current payment systems charge high processing costs for accepting credit cards online.

This new online payment service founded by ex-Visa employees, is attempting to virtually eliminate transaction fees by bypassing the credit card companies altogether with its own online payment service.

Noca aims to make possible online payments for purchases of all sizes, it begins with a focus on micro-payments. It has launched two Facebook applications to test its payments system out: OneClick Pay and HelpYourWorld.

In the longer term, Noca will become much more like a credit card company itself, providing credit to users through direct partnerships with banks.

Website: http://www.noca.com/

[Via Techcrunch.com]

Tags: Internet, credit card, online

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