The number of small and medium businesses trading on Voice Commerce’s Voice Transact platform has increased 73 percent in the first quarter of the year.

The business, whose payment system allows businesses to accept credit and debit card payments by phone and online, is projecting an increase in its merchant base by more than 150 percent per quarter in 2010.

Nick Ogden, CEO of the Voice Commerce Group, said: “2010 has seen a very strong start for Voice Commerce and the indications are that the SME and new business sectors are starting to revive post credit crunch." 

"We have been providing free tools including our On4 systems to try and encourage business start-ups, as well as being able to deliver solutions that enable mobile payment services to operate quickly. The expansion of e-commerce internationally has opened new doors for small businesses and start-ups.”

The On4 system includes an e-commerce store, with stock control and shipping management, which is linked into the Voice Transact Payment System. This means online payments are automatically Level 1 PCI compliant and customers can pay using VoicePay, Visa, MasterCard and American Express.

Voice Transact is developing a range of Point of Sale (POS) systems for real store retailers which will be available during 2010.

Ogden is the former head of RBS Worldpay, the RBS payments business which is currently on sale. Voice Commerce has been heavily linked with an acquisition of the business, valued at around £2.5 billion ($3.3 billion).