Monday, January 29, 2007

Fractal Transactions

Futurist Thomas Frey offers an economic scenario for Internet payment. When you make a purchase on the Internet, several related businesses will be paid simultaneously, manufacturers, transportation, distribution, call center, website operator etc. Programs are currently being configured to this end.

The question for discussion is what are the consequences for the consumer. How does one get their money back and from whom? Will it be from the distribution center who sent the wrong item or the shipper who caused it to arrive months later? Who will be the legally responsible party? Do my lawyers have to talk to lawyers from all of the companies involved? The legal profession is going to love that! Fractal Transactions sound good for the companies who get their money much sooner, but what about the consumer and who is looking out for their rights?

No comments: