Peppercoin, a company enabling payments for low-priced digital content and physical goods, announced it has completed its $10 million second institutional round of funding with an additional $2 million investment from Total Technology Ventures, a venture capital firm in the payments industry.

"Peppercoin is the market leader for small payments and has collaborated with leading financial institutions and merchants to bring card-enabled micro and small payments to the physical, online and mobile point-of-sale," said Tom Smith, founder and managing partner, Total Technology Ventures.

Peppercoin President and CEO Mark Friedman said, "Financial institutions and their merchant customers are recognizing the benefits of a blend of pre-paid, subscription, pay-as-you-go and post-paid payments offerings for growing businesses in the physical and online world."

http://www.peppercoin.com