eCommerce Journal - Learning more about virtual economy -

Some thoughts about e-gold...

ayny — Wed, 23 Jul 2008 19:13:50 +0200

So it happens that it is not the first time we cover e-gold problem on the pages of our journal. No sooner had the hype with the fake press release about the bankruptcy of e-gold simmered down than new shocking news has struck the publicity. According to the press release issued by usdoj.gov e-gold was again charged with money laundering and unlicensed money transmitting business. Due to the last news e-gold today is the most discussed topic on all forums.

Attention: new offer from PayPal!!!

ayny — Wed, 23 Jul 2008 17:51:25 +0200

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 updates its WM Keeper

ayny — Wed, 23 Jul 2008 16:14:55 +0200

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.

e-onlinedata and MHS to accept credit and debit cards

ayny — Wed, 23 Jul 2008 15:49:41 +0200

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.

CarsidePay from Verifone especially for the restaurants

ayny — Wed, 23 Jul 2008 15:47:33 +0200

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.

iPhone is becoming an eWallet

ayny — Wed, 23 Jul 2008 15:21:35 +0200

Users of iPhone and iPod touch devices are now able to avail of an eWallet feature developed by Ilium Software. eWallet represents an award-winning secure information and password manager application intended to store important personal information like credit card numbers, passwords, PINs and much more. Earlier the company introduced eWallet 6.1 destined for Windows Mobile and Palm OS devices.

Bank of America and Visa together will win the Olympic games

ayny — Wed, 23 Jul 2008 15:11:03 +0200

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.

Key points for the right mindset

fairyjadoo — Wed, 23 Jul 2008 13:46:50 +0200

In order to develop the right mindset to have a player’s psyche, you need to know what to expect when playing hyip. You must be prepared for a variety of emotions so that you can monitor them instead of letting them control you. Only by staying on top of your emotions can you stay focused on the key to successful hyip playing and maintaining a consistently profitable plans and strategies. To keep that focus, develop the traits of a player’s psyche in yourself.

E-gold...No comments

lexus — Wed, 23 Jul 2008 13:01:20 +0200

https://www.e-gold.com/newacct/

E-gold market is down. The rates have crossed all the psychological marks

lexus — Wed, 23 Jul 2008 12:59:25 +0200

Now you can get 100 WMZ for $20 e-gold and exchange 21 Liberty Reserve into $100 E-gold… It’s sort of a fantasy you may say? No, today it is a reality. For instance, such exchangers as GrandExchange and Wm-exchange are ready to offer you such prices. There is a direct evidence of the panic on the market. The average price has already crossed the psychological mark of 50%.

Another one in a long list to value MyECheck’s solutions

ayny — Wed, 23 Jul 2008 12:27:33 +0200

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 worries about legislation

ayny — Wed, 23 Jul 2008 12:26:46 +0200

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.

Mobile Plus to improve banking convenience in Kuwait

ayny — Wed, 23 Jul 2008 12:25:34 +0200

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.

New accounts base acquired by ePayments Corp.

ayny — Wed, 23 Jul 2008 12:24:15 +0200

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.

Egoldinvestment fake egold deposit page

fairyjadoo — Wed, 23 Jul 2008 11:14:33 +0200

One of our readers would like us to publish a warning on a hyip called egoldinvestment. According to him, this hyip did not pay him even for his test spend. To make it even worse, the admin tricked his members by developing a fake egold deposit page in order for him to silently capture your egold account password, hack your account and steal your egold funds.

Prior goals being achieved by Google China

ayny — Wed, 23 Jul 2008 10:44:55 +0200

A new online payment option is being introduced by Google China for its AdSense advertising alliance.

Localizing an online Chinese payment system is a top priority goal Google China poses for its local AdSense efforts. At present time it is conducting pilot tests of the new payment system.

The name of the Google's payment partner was not disclosed yet, but as per Roy Zhou (Zhou Wenbiao), Google's manager for online sales and operations in northern Asia, Alipay is not concerned with it.

The staff of Google's AdSense team in Beijing at present moment has a total of 26 people.

Obopay, PayPal Mobile, TextPayMe - rivals or partners?

ayny — Wed, 23 Jul 2008 10:31:32 +0200

One of the "hot topics" in payments in the US market is the evolution of mobile payments - from "inevitable idea" to reality. Obopay and PayPal Mobile are both now over 2 years old - having been launched in the spring of 2006. TextPayMe, a mobile payment service that launched in late 2005, is now a part of Amazon's payments offerings. How are these services evolving?

Douglas Jackson from e-gold about money laundering and the coming changes

ayny — Tue, 22 Jul 2008 15:30:38 +0200

In a recent press release Douglas Jackson, CEO of e-gold expressed his regret regarding the criminal incidents that had an adverse effect on the company’s reputation and advised about some innovations planned to be introduced to make the work of e-gold more efficient and secure.

E-gold faces new charges. Is it a beginning of the end?

ayny — Tue, 22 Jul 2008 15:27:55 +0200

One of the oldest and the most recognizable payment systems E-Gold Ltd. or just E-Gold together with its three principal directors and owners is charged with money laundering and conducting of illegal money transfer operations. This statement was made by Acting Assistant Attorney General Matthew Friedrich for the Criminal Division and U.S. Attorney for the District of Columbia Jeffrey A. Taylor reports www.usdoj.gov.

Rob Reeg: "All about MasterCard..."

ayny — Tue, 22 Jul 2008 15:21:32 +0200

Rob Reeg took over as president of MasterCard's Global Technology and Operations in May 2008, the de facto chief of IT at the US$4 billion credit-card and electronic payment provider.

This is a glimpse into his new world: On behalf of 25,000 financial institutions, MasterCard's worldwide network in 2007 processed 18.7 billion transactions totaling some US$2.3 trillion.

Tips for hyip newbies

fairyjadoo — Tue, 22 Jul 2008 15:01:56 +0200

If you have never played in the hyip world before, you might be both intimidated and excited. You are looking forward to playing or gambling your money and hopefully earning quite a bit. But you are also a newbie, so you do not even know where to begin.

Enhanced network of Moneris

ayny — Tue, 22 Jul 2008 14:46:05 +0200

On Monday Alabama National BanCorporation's (ANB) merchant payments business was acquired for an undisclosed amount by Moneris Solutions, one of North America's largest payment processors. The acquisition includes the servicing of 103 banking centers in the Southeast as well as the existing merchant processing portfolio. From now on all existing and future credit card processing sales and servicing functions related to ANB will be under the supervision of Moneris.

NACHA meeting a new member

ayny — Tue, 22 Jul 2008 14:45:11 +0200

The largest credit union in the world and the 22nd largest receiving financial institution of ACH payments in the USA Navy Federal Credit Union reported that it joined NACHA—The Electronic Payments Association.

Being the largest credit union in the world it has over 3 million members and $35 billion in assets and enhanced membership base with all branches of the armed forces.

PayAPI 2.0 web service to be deployed by Sentinel

ayny — Tue, 22 Jul 2008 14:44:20 +0200

Sentinel Development, receivables management software provider is determined to deploy PayAPI 2.0 web service of Autoscribe, electronic payment processor. With the new feature users of the Sentinel's collection management software eCollections will be provided the access to Payment Vision gateway services which concentrate payments captured at various windows including IVR, internet and call centers.

Two-in-one credit card introduced by Citibank

ayny — Tue, 22 Jul 2008 14:43:37 +0200

Citibank made a statement that it was teaming up with Octopus Cards Limited (OCL) to conjointly introduce in Hong Kong a new co-brand card - Octopus Citibank Credit Card. With new Octopus function customers are able to implement fast and convenient small-value payments at over 50,000 points of presence in both retail and transport while the credit card enables high-ticket purchases at an extensive network of merchants around the world.

Equens gains a higher status

ayny — Tue, 22 Jul 2008 14:42:50 +0200

Yesterday Equens, one of the largest payment processors in Europe, was transformed into a Societas Europaea and became Equens SE. The new company is the result of the legal mergers of Equens Nederland B.V. and the German Equens Deutschland AG into the holding Equens N.V., followed by the conversion into a Societas Europaea.

Yodlee PayToday is ready to integrate into existing solutions

ayny — Tue, 22 Jul 2008 14:00:56 +0200

According to the official sources Yodlee PayToday, a payment solution of Yodlee, from now can be used as a revenue generating addition to the banking website of any financial institution. Yodlee is sure that, owing to Yodlee PayToday option, the financial institutions can take immediate advantage of the opportunity to generate new fee revenue by offering their customers the convenience of guaranteed,

Streamlining payment options with MasterCard

ayny — Tue, 22 Jul 2008 13:04:18 +0200

A new integration is taking place on the electronic payments market. According to the official statements MasterCard Payment Gateway was integrated with iPayables' electronic invoice delivery capabilities to provide expanded payment solutions to corporations and financial institutions.

Facebook didn't launch a payment system but redesigned the website

ayny — Tue, 22 Jul 2008 12:05:56 +0200

The website redesign is being carried out by Facebook that invites users to preview and test the new features.

The participants to test the pilot version are to compare the current appearance of the site with the new design while all the users will have access within the following months.

Golddirectly sent no more gold directly to you

fairyjadoo — Tue, 22 Jul 2008 11:54:45 +0200

It is time for an autosurf which is called golddirectly to say good bye to the hyip world as it could not sustain any longer. In fact this program should be dead long ago as there was no way to save the program as well as any other program in this industry. All of them will come and go, just a matter of time.