News

Montreal ATM company patents online payment platform

March 27, 2006

MONTREAL - HomeATM Inc. has patented its online payment process for PIN and debit transactions. According to a news release, the platform has been in development for three years.

HomeATM offers a money-back guarantee on transactions with any merchant site that accepts the HomeATM payment method, which includes the acceptance of most major credit cards. The non-coded transaction registers like a regular ATM transaction and allows merchants to settle accounts daily.

Consumers also can deposit funds into any participating merchant account in real-time, and can transfer funds from one bankcard to another. Funds then can be retrieved from any ATM in the world.