Bank of Ireland's Internet payment processing system, Clikpay, has elicited inquiries from about 400 merchants since its launch at the beginning of this month.

The bank, Ireland's second-largest, is projecting 500 merchants will sign up within 12 months and that use of the service will "move rapidly to the mass market," said Nick Fahy, program manager of the bank's e-business and payments division.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.