Online payments company Noca launches
Noca, a Palo Alto, Calif. startup founded by former Visa employees, recently launched an online payment system that should allow merchants pay lower fees, according to VentureWire. Most credit card companies, as well as payment systems like PayPal and Google Checkout, charge merchants 2 percent and 3 percent to process online payments. Noca’s online checking system, on the other hand, only costs 0.25 percent, the company says.
Noca recieved less than $1 million in angel funding from former PayPal employees and other unspecified angel backers last year.
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About the Author, Anthony Ha
Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.