The first four ventures to be formed will involve Alta Vista, a major media and commerce network, Engage Technologies, a leading provider of profile-driven Internet marketing solutions, iCAST, a multimedia online entertainment company, and
1ClickCharge, a single-click Internet payment service.
Technologies Inc for $12.5m in stock and will inject a further $12.5m capital into the company to build out the 1ClickCharge software now due early next year.
A small client is downloaded onto the desktop that can be used to make purchases within the 1ClickCharge community.
says it charges between 8% and 20% per transaction and is aiming 1ClickCharge at the market for transactions under $20.
Cha says that with its
1ClickCharge software "if you are surfing information on a car and a banner is shown that says "Toyota Celica road test review, $4.95, click here to purchase" you won't have to even enter a password to buy it."
With Cha!'s
1ClickCharge, credit information is stored on its server and credit information can only go in, it cannot go out or be requested or transmitted.
Technologies Inc is set to give chase with its
1ClickCharge system that should go live some time in the Fall.