News

Fees exemption action is taking place at PayPal which is going to grant a year's worth of eBay insertion, final value and PayPal fees to one of eBay’s sellers in the UK every month for the remainder of 2008.

Thus a seller agreeing to use PayPal exclusively on eBay will have an opportunity to obtain a year's worth of free fees up to 30,000 pounds.

WebMoney payment system announced the update of its WM Keeper Mobile: now it is possible to read and send WM-messages.

Those who have registered and got their WMid in Telepat system will get this option automatically. Those customers who have Classic- or Light- purses should enter their account (in the top right) into the section Wallets/WMid and set WM-correspondence option manually.

In light of the strategic goals to deliver comprehensive e-commerce solutions, cost savings and preferred access to Authorize.Net to customers in Maine, e-onlinedata, a subsidiary of PowerPay, Maine's largest merchant processor, and Maine Hosting Solutions (MHS), a premier provider of Web hosting technology, support and design, started their partnership.

In the USA Claim Jumper Restaurants chain entered into an agreement with the electronic payment services provider, Verifone, to install the CarsidePay option at selected locations and the TablePay option at all 45 restaurants from California to the Midwest.

According to the recent report of Bank of America, the Official Bank Sponsor of the 2008 U.S. Olympic Team, and Visa, the Official Payment Services Brand of the U.S. Olympic Team, a Visa-branded prepaid card will enhance the Olympic experience of all U.S. athletes and the United States Olympic Committee (USOC) staff members participating in Beijing 2008 Olympic and Paralympic Games.

Ranger Supply Store became one of the customers of MyECheck Inc., an electronic transaction processor and provider of alternative payment solutions. MyECheck Inc. & CardinalCommerce signed Ranger Supply Store to the MyECheck Online Service. Under the agreement concluded between the two parties MyECheck Inc. is to provide the online retailer with its comprehensive suite of electronic check processing services.

National Bank of Malawi (NBM) expressed its concern regarding the absence of the relevant legislative base to match the current global technological needs.

The bank notes that the existing laws in the sphere of commerce make allowance for checks and cash as the only legal payments which are found by the bank to be very archaic.

The second largest commercial bank in Kuwait is offering Mobile Plus service to improve banking convenience for its customers.

The new offering Mobile Plus which represents an upgraded version of the existing Push service in fact is a menu-driven application. With the application the bank customers may use banking functions via their mobile phone.

The recent reports inform that a leading electronic payments processing and support services company ePayments Corp. is to purchase ACH Technologies Inc. of Hastings, Minn.

In accordance with the agreement ePayments will control and manage the company's check recovery accounts from Denver. In addition ePayments will be enabled to offer additional services like credit card processing and electronic check conversion to the newly acquired accounts.