The unveiling of Verifone Inc.'s new credit card payment system for the Internet was heralded by the company and its partner banks as the dawn of a new era of electronic commerce.

But analysts expressed skepticism that the new service alone would jump- start on-line financial exchanges between merchants and consumers.

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.