eCommerce Journal - Learning more about virtual economy - Articles, Analytics

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%.

An exclusive ECJ interview with Matt Graydon of the World Gold Council

Marianna — Fri, 18 Jul 2008 19:20:49 +0200

DGC-industry, that is considered to be a father of e-finances, directly depends on the market of real gold which determines account balances in DGC payment systems. Due to this fact alone it is necessary to watch the developments on the gold market while managing your electronic finances in order to keep the track of events and to stay with a positive account balance backed by gold in any given electronic payment system.

A fall of e-gold rates. What should the e-currency exchangers do?

lexus — Fri, 11 Jul 2008 10:23:01 +0200

The information about the bankruptcy of E-gold had swept like a whirlwind throughout the world and touched all the fields of the virtual economy. At first the e-gold market was in a silent abeyance without any possibilities to understand whether this information was true. However in a few hours an exchange market started to sink in panic moods. In 8-10 hours after the release about the bankruptcy the rate of E-gold – WMZ was over 0,7 mark.

What's the future of internet processing

ayny — Thu, 03 Jul 2008 08:29:23 +0200

Most online shoppers still pay with credit cards, but payment alternatives are slowly gaining traction, with more on the way. And just as consumers have more choices about how they pay, online retailers will have another payment-processing option as a big processor plans to split into two.

Development of e-commerce in Uzbekistan (Part 2)

Fiatcinquecento — Wed, 25 Jun 2008 15:00:46 +0200

In 2007 the electronic payment systems “Unipay”, “E-Pay” and “Fast Pay” were set off, which are somehow similar to “Pay Net” (they only receive payments).

From the beginning of 2008 two companies, “Multisoft Solutions” and “Mobile Link Services”, announced the ending of “E-Karmon” and “Mobliss” payment systems development.

Development of E-commerce in Uzbekistan (Part 1)

Fiatcinquecento — Tue, 24 Jun 2008 14:32:40 +0200

Almost everybody in any Western country, from an experienced businessman to an ordinary teacher, cannot imagine life without an account in a certain payment system. More and more goods are being purchased in online stores, this fact alone is able to pose serious competition to ordinary supermarkets.

Electronic Commerce under the Patriot Act's eye

Marianna — Tue, 20 May 2008 13:51:13 +0200

The recent electronic finance boom has reshaped the way we think about money. Now money is not only what we hold in our wallets and bank accounts; the equivalents of paper currencies are flying at a supersonic speed all over the internet. The development of internet commerce, online banking as well as electronic currencies and transfers gave a launch to a lot of success stories such as PayPal, Moneybookers or Webmoney, but it did create a lot of tension and controversy at national and international political arenas.

Alibaba: more than just words…

ayny — Thu, 08 May 2008 19:00:49 +0200

What do you know about online auctions? What comes to your minds when you hear this? I'm more than sure that you will name eBay. It's essential as it is online auction ?1, but not the only one. There are dozens of other ones. But very soon eBay can yield the palm to another leader that is growing very fast. It is Asian auction Alibaba.com.

The US Mobile Internet - Major Partners Join Together on Clearwire

addy220 — Thu, 08 May 2008 02:04:12 +0200

Clearwire and Sprint Nextel have announced that they have entered into a definitive agreement to combine their next-generation wireless broadband businesses to form a new wireless communications company. In addition, Intel Capital, Google, Comcast, Time Warner Cable, and Bright House Networks – have collectively agreed to

Flourish your mobile, not card

addy220 — Mon, 05 May 2008 09:03:10 +0200

Do you think your wallet feels cluttered with all the cards you have to carry? Do you invariably forget to draw cash from the bank? Do you think it is a big bother to remember to carry cash or card? If you do, it's time to stop fretting. Your best buddy - the mobile phone - is gearing up to come to the rescue.

WaMu Launches Paperless Checking Account Openings on the Web

addy220 — Fri, 02 May 2008 01:05:42 +0200

Washington Mutual has announced a new account opening experience that it says couples 100% online approval and opening, and eliminates the need to mail a traditional signature card. Rather than the signature card, the new customer 'uses the first check in their checkbook, which has been specially designed so that once written and processed, it is scanned and used to serve as the sample signature for the account.'

Death of Internet is approaching?

lexus — Tue, 29 Apr 2008 21:43:21 +0200

Nobody can deny that the Internet has radically changed the world on almost every level. This change is mostly for the better, especially in terms of trade and international commerce. Unfortunately, a growing group of experts are predicting that the foundation for this new, borderless world is sagging under it's own weight and that we're facing serious problems in just a few short years.

Mobiles begin calling the shots on banking and payments

addy220 — Tue, 29 Apr 2008 01:13:47 +0200

The use of mobile phones for banking and remittances is growing worldwide, nowhere more so than the Middle East and Dubai where Mi-Pay is setting up its second data centre to support Middle East and African operators. In this interview Mi-Pay's CTO, Simon Cavill talks about some of the technical and regulatory challenges he is facing, as both the banks and mobile companies are converging on this hugely lucrative segment.

Obopay Confirms $20 Million Financing Round

addy220 — Mon, 28 Apr 2008 14:43:02 +0200

Obopay has announce the closing of its fourth round of venture funding, raising $20 million along with adding two new board members. Essar Communications Holdings Limited, the telecom subsidiary of Essar Global Limited, led the round. The two new board members are K B Rajendran, Senior Vice President, Essar Global Limited and Robert G. Hottensen, Jr., Senior Vice President for Public Equity at Olayan America Corporation.

How contactless payment cards will lead to mobile payments

addy220 — Thu, 24 Apr 2008 14:24:57 +0200

Javelin Strategy & Research has released a new report titled 'Contactless Strategy & Forecast' ( Preview) that reports findings about how contactless technology will become mainstream for payment card transactions.

How Economic Impact from Internet ‘Doomsday’ Scenario?

lexus — Fri, 11 Apr 2008 18:22:20 +0200

Economists worldwide say that a one day "blackout" of the Internet would have a major impact on the global economy, according to a survey conducted by ICC and the Ifo Institute for Economic Research and released today.

The survey asked economists to predict the impact on their country's economy if the Internet completely shut down for a day worldwide. A total of 1,004 responses from economists in 90 countries were received.

E-gold – the end of epoch?

lexus — Wed, 09 Apr 2008 11:01:05 +0200

We can keep silence and persuade ourselves not to speak on this topic for a long time. We can conduct auto-training and create optimistic forums where you will hot up the topic of predominance and divine origin of E-gold. But let’s face the truth. What E-gold payment system and E-gold Ltd., which stands behind it, represent today?

Vast majority of americans feel safe online

addy220 — Fri, 04 Apr 2008 05:12:27 +0200

Nearly 90 percent of Americans say they feel safe online despite the rising tide of spyware, phishing and other badware threatening Internet users, according to a new poll sponsored by StopBadware.org, a consumer protection initiative aimed at combating dangerous software.

Yahoo! vs. Google on online publicity - who will win?

sergiu23 — Mon, 31 Mar 2008 12:45:58 +0200

For most analysts, Yahoo!'s situation seemed very complicated and letal : Yahoo! either accepted billions offered by Microsoft, either cooperate with Google (that meaning the externalization of the search function to Google). Both of them meant the acceptance of defeat. And more than that, both would have meant the drop of brand's fame and the end of a succes story.

World markets: what's happening?

ayny — Wed, 26 Mar 2008 15:05:18 +0100

Though being devoted to electronic commerce our journal constantly keeps an eye on real economy and on situation on world stock exchanges. The situation is not so critical as it was couple of months ago but still there is no reason for great joy. Though it is stock exchange and it as a volcano or earthquake cannot be predicted. Cannot be predicted but can be reviewed and exactly this thing was done by http://www.iht.com.

Jamaica - what is the platform for E-commerce here?

lexus — Wed, 05 Mar 2008 09:52:51 +0100

Jamaica the third largest island in Caribbean was discovered by Christopher Columbus on may, 5th 1494. Like other developing countries it is standing on the threshold of various problems. It is under high foreign debts and encountering numerous economic, social and environmental problems. Mentioning the word e-commerce with Jamaica enlarges the picture of total frustration due to abound hold-on projects and lack of trusting e-customers.

ECJ research: E-payment, cards, cellphone payment or bio systems - what to use?

lexus — Fri, 22 Feb 2008 14:45:48 +0100

Nowadays the development of technologies in the sphere of payment for products and services is characterized with the impetuous pace. It is interesting to notice that analytics consider it as only the beginning and contend that the payment segment will continue to increase its scope even faster. In the course of the nearest few years Internet-banking growth is predicted at the range of 200%-400% annually.

Chi Lo, Research Director at Ping An of China Asset Management about recession

ayny — Tue, 12 Feb 2008 04:00:02 +0100

Recession in USA has stirred not only Americans but the whole world. All the markets were fluctuating showing new and new records. What is this recession and what are its consequences? The answers to these questions tried to gives Chinese www.financeasia.com. A consensus has been formed among US political and monetary authorities on the need for a temporary fiscal boost to help the economy avert a recession.

How will recession of US economy affect gold prices?

lexus — Mon, 28 Jan 2008 05:48:01 +0100

For us, residents of virtual worlds, many problems beyond monitors pass as unnoticed. And even economical structural crisis didn't have any direct influence on the Internet life and online business. But it seems so just at first glance. Indeed, processes in economics have directly influenced virtual economy. And the first alarm for Internet users will be change in gold prices which always fluctuate during unstability and economical crisis.

Future of financial world - ECJ analysis of Soxo bank forecast

lexus — Wed, 23 Jan 2008 00:15:23 +0100

Following the old as a world itself tradition, at the end of the year we are trying to guess on the tea leaves what shall we expect in the upcoming year? Especially in the year, when in the biggest countries as the USA and Russia are going trough harsh presidential elections and the European Union would continue further process of the globalization by welcoming new countries.

Year Review through the eyes of www.americanchronicle.com

ayny — Fri, 18 Jan 2008 17:55:35 +0100

What thing unifies all companies and organizations in the end of each year? Certainly it is report! It is a last glance to the leaving year and summing-up of year activity. Mark Herpel, a consultant with great experience in digital currency industry also made his own review of 2007.

What a year! Violence continued in the Middle East, Iraq and Afghanistan doubling the cost of oil and topping $100 per barrel.

Crisis-on or off

lexus — Fri, 21 Dec 2007 15:57:41 +0100

On a wave of an agiotage around of mortgage crisis in the USA and crisis of liquidity in world bank system one cannot fail thinking that the problems with the finance on real bank accounts will transfer to the electronic sluices, and there, having created a rough flow, will throw out the virtual financiers on an electronic bank. We'll try to answer this up-to-date question having analyzed the situation from the economic point of view.