Teenagers will have to register and each transaction will be "age verified". This will prevent a 14-year-old buying a certificate 15 movie, Kevin Sefton head of e-commerce at UK Smart told The GNS Sefton says the voucher scheme will be in the post offices by Christmas. The company plans to release 3,00,000 Smart Creds - $ 8.58 m worth of "teenage spending power". But it will have to move quickly to achieve market dominance. Companies like BT (British Telecom) and Hewlett Packard are all rumoured to be developing "credit cards for kids" and last month a new company Splash Plastic launched its Web site at www.splashplastic.com. Splash Plastic is backed by a number of leading venture capitalists, and financed to the tune of $ 8.58m. It uses "top up" swipe cards that can be refilled at the same pay points used by the utility companies. Unlike Y-Creds, Splash Plastic has no barrier to entry and no need for registration. This does not mean that teenagers can then go off and download a load of porn from the net. Splash Plastic will work only with a number of authorised partners. Briand Beausoleil, marketing director of Splash Plastic is being very coy about who those partners actually are. Beausoleil says Splash Plastic will be available in the shops in January. A pilot scheme will run in Edinburgh, Brighton and Birmingham next month. Already 20,000 retail points have signed up to Splash Plastic, with another 40,000 in negotiation. If all goes to plan, the company will launch early next year with nearly twice as many retail points for their cards as there are National Lottery terminals. Both companies stress that their
systems are targeted at teenagers but there is no age limit to entry.
And with nearly one in four of UK citizens unable to get a credit card,
it might not just be teenagers opting to pay as they go on the Net. |