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

Online sales increase against economy slowdown

ayny — Tue, 12 Aug 2008 14:52:16 +0200

The latest figures show that retail sales in the UK dropped 0.9% in July on a like-for-like basis compared with the previous year. Thus sales have now fallen in four of the past five months.

However the sharpest monthly decline since records began fell on June when sales on the high street dropped 3.9%.

Silver outshines gold

addy220 — Mon, 05 May 2008 14:05:29 +0200

Silver is gaining ground in Egypt’s jewellery market amid record gold prices and as surging inflation cuts the purchasing power of Egyptians, once leading world gold buyers.

“Silver is becoming very popular in Egypt, and the industry is developing everyday,” Moaz Barakat, managing director of the industry-funded World Gold Council in the Middle East, Turkey and Pakistan, said.

Visa Announces Corporate Responsibility Program

addy220 — Sat, 03 May 2008 12:13:06 +0200

Visa Inc. has announced its first corporate responsibility program at the Clinton Global Initiative (CGI) mid-year meeting, where Visa was recognized as the first CGI "commitment to action" of 2008.

The program, Visa's first as a public company, has two areas of emphasis:

Glenbrook Looks at Alternative Payment Options for Retailers

addy220 — Thu, 01 May 2008 01:06:46 +0200

eBillme has announced it will host a webinar on Wednesday, May 14, where Russ Jones of Glenbrook Partners will provide an in-depth look at the retailer integration process for several alternative payment options including: Bill Me Later, eBillme, Google Checkout, and PayPal.

American Express reports financial results

addy220 — Sun, 27 Apr 2008 08:44:36 +0200

American Express has reported its financial results for the first quarter of 2008 with net income from continuing operations down 11% compared to the same quarter last year while revenues net of interest expense were up 11%.

Cardmember spending worldwide increased 14% to $166.4 billion (3% of that increase was due to the weak dollar) while the number of cards issued by bank partners increased 33%. Discount revenue from merchants grew 11% with average merchant discount holding steady at 2.57%. The total number of American Express cards in force worldwide grew 10% to 88 million. Worldwide lending balances on a managed basis grew 19% to $75.2 billion.

UK's Advanced Payment Solutions Moves Prepaid Portfolio to Metavante

addy220 — Sat, 19 Apr 2008 09:36:25 +0200

Metavante has announced an agreement with Advanced Payment Solutions (APS), making it the payment processing house for the entire prepaid portfolio of APS, including the cashplus prepaid gold MasterCard, the Gap Year cashplus card and a range of other fully re-loadable prepaid MasterCard programmes

China pushed the US from the 1st place!

Marianna — Tue, 18 Mar 2008 14:00:31 +0100

It's official! China is the largest internet population in the world, according to a recent Chinese research. Since the creation of the Internet no other nation could beat the USA in this unofficial contest. With its 220 million online users the growth opportunity for a gigantic Asian market is unlimited. According to the China Internet Research Center in Beijing 55 million internet users did

PayPal New President: no signs of e-commerce slowdown

Marianna — Tue, 18 Mar 2008 13:30:06 +0100

In the interview published on Monday by Les Echos, the president of PayPal - Scott Thompson disagreed with the widely discussed topic of the lowering e-commerce activity. He said: "There is no proof that e-commerce is showing signs of a slowdown". According to Thompson, PayPal is planning to receive half of its profits from clients outside of eBay.

P2P – are we ready yet?

Marianna — Tue, 18 Mar 2008 13:05:27 +0100

A new report on mobile person-to-person (P2P) payments conducted by Javelin Strategy & Research suggests that most of the consumers desire high-speed transactions but only 10% are ready to start using mobile P2P payment services."Mobile P2P payments and transfers stand to transform the mobile landscape. Whether it's how we buy things, interact with friends and businesses or modify

Precious metals dumped their preciousness

lexus — Sat, 26 Jan 2008 07:17:30 +0100

The recession of US economy is a worm deconstructing the world economy and adding chaos on the speculative stock and futures market. As it was announced later the precious metals features for February considerably dropped 0.8 %, with $883.10/oz for gold (that by Jan.15showed the highest climb ever known to the history to $916.10/oz) and $15.97/oz for silver.

FSA rate is decreased to 3,5%. What's next? What will be with e-money and DGC?

lexus — Wed, 23 Jan 2008 10:09:34 +0100

Events of this week more and more start to remind the shocking news from New-York that in 1929 have overturned the leading world economics like a hurricane and as a chain reaction have plunged the national economics into a deep crisis. That October due to the crash of Wall Street the USA had lost 30 billion dollars that is even more than the amount spent by the government for the whole World War I.

Lifeless cash worth nothing – what can be expected from the crash on stockmarket

lexus — Wed, 23 Jan 2008 00:20:52 +0100

Today on January 21 the colour of pixels on the majority of world monitors turned to red. Financial planet was woken up by the crashed Japanese index that lost it’s position for -3,86% and has held the negative record for 2 years. Having weighted down all other asian platforms this Japanese dragon to 3.30 PM has dropped even Russian stockmarket for more than 7%.Such reaction of world stockmarkets can be explained by negative week at US trade platforms.