eCommerce Journal - Learning more about virtual economy - News

eBay bought Bill Me Later and paid immediately in cash

ayny — Mon, 06 Oct 2008 17:57:08 +0200

A definitive agreement was achieved by eBay Inc. with Bill Me Later(R), the number two online-oriented payments brand to acquire the company for approximately $820 million in cash and approximately $125 million worth of outstanding options, net of option exercise proceeds. With the acquisition eBay will extend its leadership and combine Bill Me Later with eBay's PayPal, the number one online-oriented payments brand. The deal will be likely completed by the end of the year.

Czech Republic launches its first legalized online casino

ayny — Mon, 06 Oct 2008 15:51:54 +0200

Czech Republic is about to open its doors to online gaming. These days Sazka, Czech lottery company, has announced the coming launch of the first fun-gaming online casino. It is necessary to mark that the company is going to legalize its casino.

Sazka hopes to realize its plans very soon and thinks that the coming parliamentary vote scheduled for the last quarter of 2008 will help it.

Clear2Pay to be implemented in Arab region

ayny — Mon, 06 Oct 2008 12:22:55 +0200

Recent reports inform that United Arab Bank was added to an Internet banking system of Brussels-based Clear2Pay.

Under the terms of the deal United Arab Bank's retail and corporate customers will be provided a centralized platform from Clear2Pay.

The technology will be eventually rolled out across the Gulf Cooperation Council (GCC) region. A phased adoption will start in the emirate of Sharjah.

E-transactions ousting paper-based payments

ayny — Mon, 06 Oct 2008 12:17:05 +0200

As per a new nationwide consumer payment preferences study conducted by BAI and Hitachi Consulting more and more customers give their preference to using electronic payments at the expense of cash and checks. The research was commissioned by First Data Corporation and its STAR(R) Network, Harland Clarke, MasterCard Worldwide, Metavante and PULSE.

Forextradersbank goes bankrupt soon

fairyjadoo — Mon, 06 Oct 2008 11:34:36 +0200

When a few of giant banking in the US are dying, so does this hyip which called forextradersbank. We heard various complaints about this hyip. This hyip was started in beginning of last month and offers three types of daily low rate of return and long time frame which are 2.9%, 3.5% and 6% daily for 60 days.

Epayment platform selected by America’s largest drugstore chain

ayny — Mon, 06 Oct 2008 11:21:25 +0200

Walgreens, the nation's largest drugstore chain entered into partnership with Bank of America to implement its ePayables platform as a cornerstone of its payment management strategy. As reported by the bank in its first 90 days the program subscribed 337 vendors who are among Walgreens' key suppliers.

Incomplete protection of eBay buyers under new regulation

ayny — Mon, 06 Oct 2008 10:58:50 +0200

Now customers in UK making purchases on eBay auction will be fully refunded by PayPal in case of being defrauded. Before this measure was introduced buyers who purchased items such as a laptop or furniture risked losing hundreds of pounds on something that might not work or even arrive. Those customers who buy an item worth more than £150 using PayPal on eBay will now have protection.

First users subscribed for new services of Baidu

ayny — Mon, 06 Oct 2008 10:58:07 +0200

Chinese search engine 's e-commerce platform now supports C2C services that can be used by the first batch of 10,000 contracted customers. In comparison with rival Chinese C2C platform Taobao.com it is features the consistent simple and direct style. Known as mall.baidu.com, the platform will eventually be independent with its own domain name. But on the course of its being not fully opened it will currently use a second-tier domain name of Baidu.

Convenient payment solution for mobile workers

ayny — Mon, 06 Oct 2008 10:57:24 +0200

Secure credit card payment functionality provided by CHARGE Anywhere, a leading provider of secure Point of Sale (POS) solutions and electronic payment services is now available on Agilis Systems' software. Agilis, an industry leading Mobile Resource Management (MRM) solutions provider is to incorporate secure payment feature as a component of their software offerings to customers.

Hurry up! New bonus program from Casino.com

ayny — Mon, 06 Oct 2008 10:43:24 +0200

Casino.com has announced its October bonus program with a very symbolic name October Revolution.

One of the items of this program is 1,000,000 Giveaway Lottery in which one million comp points will be awarded to various patrons of the successful online gambling site. There is no necessity to purchase any tickets as they are acquired automatically with every deposit. The administration assures that the weekly random draw can bring the users some amount ranging from 50 to 50,000.

UK online gamblers fed up with optimistic predictions

ayny — Mon, 06 Oct 2008 10:19:15 +0200

In the UK gambling consultancy Global Betting and Gaming Consultants (GBGC) made forecasts on a cheerful future of online gambling irrespective of the current economy downturn in the world. Chief Executive Warwick Bartlett predicted that the world’s gambling market would grow from $345 billion in 2007 to US$433 billion by 2012 as a result of players' inclination to stay home and save on transport costs to land casinos.

Webmoney launches a new version of WebMoney Keeper Classic

Lika — Fri, 03 Oct 2008 16:04:49 +0200

Webmoney, a well known payment processor, has announced the launch of a new version of WebMoney Keeper Classic 3.6.0.5 that should make the use of the system more comfortable. The new version is the same however there are some innovations.

Notification service is one the innovations introduced by Webmoney. The function of Notification service is to notify WM users of incoming transfers, invoices and messages.

PayPal’s study on customers’ behavior in the UK

ayny — Fri, 03 Oct 2008 15:15:36 +0200

The new survey conducted by PayPal, the online payment provider, conducted in partnership with providers Venda, the European market leader for eCommerce solutions, and RomanCart reports that large and small e-tailers across the UK believe the future of online sales is no longer just about price and choice, as customers are now demanding the same, if not higher, levels of experience and service they would on the high street.

NETeller and others are very popular with online gamblers

ayny — Fri, 03 Oct 2008 15:14:20 +0200

One internet casino administrator posted some ideas on how to best transact while gambling online. He notes that online casinos offer several online payment methods but many gamblers are still unaware of certain modes of payments to make casino deposits.

Today according to new regulations it is not possible to receive the winning amount directly on your credit card. Most casinos pay the amount through check, while some others do not acknowledge check deposits.

EBay disavows the responsibility for privacy violation

ayny — Fri, 03 Oct 2008 15:12:32 +0200

'Plausible Deniability' is the tool that is getting very popular and convenient with American high-tech companies working abroad. Recent reports show that China’s TOM-Skype platform, a joint venture between China-based TOM Group and eBay uses a sophisticated monitoring system that scans and stores private chat messages for conversations and keywords deemed a threat to government of China.

Payment processing and network services in one

ayny — Fri, 03 Oct 2008 15:11:22 +0200

Convenience Financial Strategy Group, LLC (CFSG), a global payment processing and prepaid product solutions firm established a relationship with Cybera, a leading MPLS-based managed service provider, to become the newest member in Cybera's growing channel partner program.

Under the new partnership both companies will be able to jointly provide secure network and cashless payment solutions for the petroleum, convenience, restaurant and hospitality marketplace.

Crandy added four more countries to provide service in

ayny — Fri, 03 Oct 2008 14:39:46 +0200

A newly launched payment system Crandy has announced the openning of four additional destinations to send money to.

One of them is the Democratic Republic of Congo where Crandy will provide services together with Teranga-Rewmi and its "Afrique-Transfert" service. Kinshasa is the second country which was added by Crandy to its cover area. People regularly send money from Paris to this country.

Payment processor invites a new director

ayny — Fri, 03 Oct 2008 12:14:24 +0200

A new member was appointed to the Board of Directors at Tier Technologies, Inc. the seat is to be taken by David A. Poe.

Earlier Mr. Poe has served as a consultant and director of Edgar, Dunn & Company, an independent global financial services and payments consultancy. From March 1998 to May 2008, Mr. Poe held a position of Chief Executive Officer of Edgar, Dunn & Company.

Mobile payments available with CREDITZ

ayny — Fri, 03 Oct 2008 11:32:32 +0200

CEO America, Inc., exclusive US licensee of CREDITZ Digital Currency reports that its digital promotional currency, micro-payment and loyalty system is now available on a new Mobile platform.

With the CREDITZ Mobile Digital Payment platform (MDP) account holders are provided with direct access to all the inherent benefits of CREDITZ right from their cell phone, PDA or other mobile communications device.

Alternative payments welcomed by customers

ayny — Fri, 03 Oct 2008 11:23:47 +0200

This week DEMOgala event hosted by the Colorado Software and Internet Association showcased Colorado tech companies and focused on companies nationwide engaged in alternative payment methods and websites that help people monitor their spending and investments. Among the panelists there were such companies as Mint .com, eBillme.com and Rudder.com.

Q1 results of Global Payments beat expectations of experts

ayny — Fri, 03 Oct 2008 11:22:21 +0200

First quarter results were recently reported by Global Payments Inc., a provider of electronic payment processing services. The profits of the company rose 32% on increased sales in North America, added business from an acquisition in the United Kingdom and favorable currency exchange rates.

Malware under the mask of top news

ayny — Fri, 03 Oct 2008 11:14:28 +0200

Cyber security company Webroot reports that Google Trends are now being abused by a number of hackers which try to involve Internet subscribers into a malware trap. Violators are simply checking out top news stories from Google Trends Labs, then creating fake blogs with a bunch of keyword-heavy texts related to those terms. Instead of the information required a user that visits such a site gets a malware attack.

Credit limits benefit the business of MyECheck

ayny — Thu, 02 Oct 2008 19:25:41 +0200

Online retailers and service providers who are looking for payment options other than credit cards are increasingly resorting to the services of MyECheck Inc., an electronic transaction processor and provider of alternative payment solutions.

Fraud detection technology of Actimize tested by MasterCard

ayny — Thu, 02 Oct 2008 16:28:36 +0200

In a move to enhance its ATM and Debit fraud detection capabilities for issuers MasterCard is deploying the technology of NICE Systems’ Actimize, a leading provider of transactional risk management software for the financial services industry.

New service introduced by NETeller

ayny — Thu, 02 Oct 2008 14:27:04 +0200

A new paperless direct debit service was recently introduced by NETeller Plc. as a part of its payment option suite.

With the new product online retailers will be provided with an accelerated and simplified sign-up process to UK customers reports the payment services provider.

Moneybookers option for making deposits at Gala Poker

ayny — Thu, 02 Oct 2008 14:26:48 +0200

On the online blog Gala Poker confirmed that online poker players can now make their deposits via Moneybookers payment option.

Using just an e-mail address any online poker player can securely and cost-effectively send and receive payments online – in real-time. It takes just a few minutes to get a registration.

APAX extends its business via new branch in Hanoi

ayny — Thu, 02 Oct 2008 14:25:03 +0200

APAX Global Payment and Technologies Ltd. is extending to the Asian Market, mainly focused in Vietnam and China. For several years APAX have had its office in Hong Kong and now the company opened a new office in Hanoi Vietnam to meet the utmost demand for its credit card and electronic payment products in the region.

Wrigleyville Sports increased its sales with NetSuite

ayny — Thu, 02 Oct 2008 14:23:51 +0200

Ecommerce engine of NetSuite Inc, which provides an on-demand suite of integrated business management software services to small and medium sized businesses, contributed to Wrigleyville Sports’ target to meet high sales demands without additional labor and IT costs.

Cybercrime to be controlled in the UK

ayny — Thu, 02 Oct 2008 14:20:59 +0200

The UK government and London's Metropolitan Police Service made an investment into the new project of a specialist police unit dedicated to fighting cybercrime and Internet fraud which is set to launch next year.

Redsurfs red sign

fairyjadoo — Thu, 02 Oct 2008 13:39:32 +0200

It is already too late to join this autosurf which called redsurfs because the red signs have appeared which means this program has turned to scam now. This autosurf was started on September 10th and offers one type of plan which is 10% daily for 14 days.