Coming Soon: One-click payment system on Facebook, Twitter

A one-click online payment system using Facebook and Twitter that could boost Internet sales for newspapers, music vendors and other low-priced goods and services is being tested by a major European media company, according to its developer.

The new system, called Paycento, uses the fact that surfers are often logged in any way with their profiles on social networking sites like Facebook, Linkedin and Twitter.

Developed by a start-up company in Belgium, Internet surfers can pay to read a single article or download a piece of music without having to fill out forms or enter their credit card details on the website.

It means that visitors to a website can pay small amounts with a single click, much in the same way that they would click a 'Share' or 'Tweet' button to post an article on their social network profile.

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