eCommerce Journal - Learning more about virtual economy - Articles, Payment systems

AlterGold is a scam of the epoch? Or it’s a new fraud machine…Part 1

ayny — Fri, 22 Aug 2008 09:32:25 +0200

“AlterGold is part of a new trend - scamming e-currencies,” – said one of the forum users on the Internet, characterizing AlterGold payment system. Lately, the reporters of Ecommerce Journal have noted the increasing displeasure with AlterGold.com. Many users openly accuse the payment processor of fraud and all vied in telling various cases of fraud. The team of Ecommerce Journal could not afford to stand back and made an independent investigation, having involved the independent experts to analyze the situation.

WebMoney has ruined exchange business, what next?

ayny — Wed, 27 Aug 2008 16:12:07 +0200

Unlike the Russian users the clients of WebMoney don’t exude any optimism regarding the situation with the exchange of WebMoney. Just imagine: you do some business online and pay, for example, in LibertyReserve or Perfect Money but suddenly your contractor tells you that he or she will cut a deal only when paid in WebMoney. Where will you go to exchange your e-currency? Nowhere.

Strange silence policy of PayPal

ayny — Tue, 26 Aug 2008 15:54:56 +0200

After the collapse of EBS International, which trades on eBay as eBusiness Supplies PayPal made a statement that all customers caught out by the collapse of a major eBay seller were refunded but later the payment processor refused to comment on details and disclose the exact number of those who were reimbursed.

E-gold comeback…Is it real?

ayny — Wed, 20 Aug 2008 17:48:36 +0200

”It’s unreal!” – will say every second person. According to the estimates of the ECJ specialists the comeback of E-gold is unlikely in the near and the longer term. It was proven that the trials usually last for months and even the success may have a pernicious influence in the future. And we shouldn’t forget that e-gold can rise from the ashes only if it will offer the market either something absolutely new or provide all the guarantees of its further ability to work.

The E-bullion Saga

ayny — Mon, 18 Aug 2008 19:31:38 +0200

What is going on??? Probably today it is one of the most popular questions in the e-commerce society. Unfortunately the reporters of ECJ are not the wizards to enter the mind of the investigators who prefer to keep mum, the mind of the killer who dared to stab Pamela Fayed and the mastermind’s one. At the moment we cannot tell all the truth about murder. We can only state the facts… However we are more interested not in the murder itself but in the fate of e-bullion the fate of which is closely connected with this murder.

PayPal wants to double its employment in Austin

Fri, 15 Aug 2008 15:35:17 +0200

In a little over a year in Central Texas, PayPal has grown to 200 people, most of them software developers, at its new Northwest Austin technology center.

Now, the online payments company wants to double its employment here by the end of this year.

Chief executive Scott Thompson offered explanations for the expansion: His company is growing fast, it needs more technical workers and it likes what it sees in Austin.

What kind of people use paypal, moneybookers and other online payment options?

newb13 — Tue, 12 Aug 2008 09:51:07 +0200

There are surprising demographics. It is not only those who don’t have a credit card, or who are cautious about putting credit card details online. More companies are using it to pay suppliers or freelancers who do work for them. Its a good way for a company to hold some funds in an account for that purpose, thus removing all those movements from the regular bank account.

E-bullion under the knife of a killer

ayny — Wed, 06 Aug 2008 12:58:07 +0200

This story is more likely to be the plot for a detective story or the filmscript than the real events. Unfortunately almost all the films are based on the reality that is far from being a beautiful and colorful one.

That tragic day nothing was threatening and Pamela Fayed, may be not very rich, but one of the most well fixed persons of the US, leaving her house even had no clue that she will never return there.

Online Tax Payment

Financial king — Mon, 28 Jul 2008 13:38:38 +0200

Online tax payment is a faster, easier and perhaps, the safest of all other options you may have been considering. In a matter of minutes, you'll be done with your tax remission unlike time taking procedures when you have to take time off to go to the tax payer's shop. And with online tax payment, confirmation from the taxman that your transaction was successful and they have your remissions comes right there - on your screen!

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. Not sooner had the hype with the fake press release about the bankruptcy of e-gold simmered down, then new shocking news has struck the public. 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.

E-gold...No comments

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

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

eTranzact - a rising star of Nigeria

ayny — Wed, 16 Jul 2008 11:45:39 +0200

The journey to a cashless society must have been delayed in Africa but the flight that has since begun is bound to be in quantum leaps. At the forefront of this desirable project of a cashless African society is eTranzact, Nigeria’s first multi-channel real-time payment platform. Though some believe that there can never be a truly cashless society, many others share the dissenting view that e-commerce is the future. e-Commerce has gradually dovetailed into mobile banking and mobile commerce.

ChronoPay – top processing company in EMEA region

ayny — Mon, 14 Jul 2008 14:28:32 +0200

ChronoPay started its work in Russia in 2005. The company is headquartered in Holland with branches in Spain and Latvia. ChronoPay processing platform is integrated in the systems of several acquirers. The company is partnering with Pago eTransaction Services, the German company providing a full scale of services in plastic cards payments acceptance and processing.

E-gold is a bankrupt. What is going on?

ayny — Tue, 08 Jul 2008 12:52:02 +0200

The newsfeeds of the whole Internet have shocked everyone with news about the bankruptcy of E-gold. What is it and regard such statement made by the administration of E-gold?

About 1PM New York time in the newsfeed of Google News appeared a press release with a link to http://www.newsguide.us/business/e-commerce/E-gold-Ltd-and-Gold-Silver-R..., published on behalf of the owners of E-gold Ltd.

AsianPay – a different solution for Asians

ayny — Mon, 07 Jul 2008 14:41:56 +0200

“Basically, we are the difference. That is to say, we firmly believe that it is the people working behind the scenes that make us different. We all come from different experiences, but we all have the aim to build a safe community where honest people doing business on Internet can deal without wondering about the safety of their money or of their sensitive information.

AsianPay - “Slow but safest Payment Processor”

ayny — Fri, 27 Jun 2008 15:26:53 +0200

AsianPay Co. Ltd was registered in Thailand on August 30th, 2005 and started its official operations on September 1st, 2005 after a 3 months pre-launch testing period. It was founded by Mr. Carlo Sorio – Italian, living in Thailand since 1999, Mr. Raymond Conduit – U.K Citizen living in Thailand and Dr.

Visa vs. Mastercard

ayny — Thu, 26 Jun 2008 15:50:13 +0200

Confrontation... This word has a lot of meanings, and probably most of them are familiar to you. Confrontations can be honest and dishonest, serious and friendly, and even eternal.

Something more about CyberBit

fionix — Fri, 20 Jun 2008 09:26:02 +0200

Shoppers today expect convenience, simplicity, and a selection of payment methods for them to choose from. Payment by credit card is by far the most popular payment of choice and if a merchant doesn’t offer this, the consumer will simply go elsewhere; competition is fierce.

Tip2Pay: swipe your finger and get your purchse!

ayny — Wed, 18 Jun 2008 14:04:00 +0200

Yesterday one of the largest payment processors in Europe, Equens ,and supermarket chain, Albert Heijn, has started a pilot with Tip2Pay, a new method of payment by means of fingertips, which have never been used before in the Netherlands. A pilot will last for half a year in the chain of supermarkets, Albert Heijn, during which the originators want to see the reaction of the population towards the innovative technology. After 6 moths a final decision will be taken.

Practical course in 2CO

ayny — Tue, 10 Jun 2008 21:53:31 +0200

2CheckOut.com is a company with almost a ten year history. Founded in 1999 by David A. Homewood the company became a Better Business Bureau member on August 21, 2001 and on September 10, 2001 it was approved for BBBOnLine's trustmark. At present time 2CO is located in Columbus, Ohio.

2CheckOut.com - primary choice option for online merchants

ayny — Wed, 04 Jun 2008 19:37:37 +0200

If you are planning to open your own online shop, there is a number of important steps you should take. First, you need to decide how you are going to process your customer payments. As per sitepoint.com this is the most critical decision. ”You can choose to process the orders yourself using a true merchant account, or use a third-party processor. The method that you decide on could affect the implementation of your entire web site.”

New e-currency Perfect Money - Tomorrow of Electronic Payment Systems has Come

ayny — Mon, 02 Jun 2008 21:16:53 +0200

Just several months ago the market of electronic payment systems has shuddered from the appearance of a payment system of a new generation, known today as Perfect Money. During the period of less than a year Swiss financial junior has turned into financial giant that gave all the Internet-users something they missed for a long time - stability in the work with electronic money.

Virtual money for virtual goods

ayny — Mon, 02 Jun 2008 13:16:53 +0200

The Linden Dollar, Second Life's currency, may not have much value -- it takes 270 of them to equal a U.S. dollar -- but it forms the basis of an economy. That economy supports a living for some and is wildly lucrative for an elite few.

Pay your obols with Obopay

ayny — Mon, 12 May 2008 19:35:25 +0200

Obopay - a pioneering service for consumers and businesses to purchase, pay and transfer money via any mobile phone. What do we know about the company background and its activity? What made someone to create this business? How did the idea arise and how is it working now?

Birth and incarnation of the idea

E-gold: fool’s gold or a smart investment?

ayny — Fri, 02 May 2008 21:27:11 +0200

Goldbugs have a so-so long-term historical record, but with gold prices soaring and the greenback steadily sinking, it's certainly tempting to give the precious metal a closer look. Or better yet, perhaps it is time to jump on the e-gold bandwagon, like those savvy guys in the discussion forums?

PayPal for All

ayny — Tue, 29 Apr 2008 11:59:31 +0200

Today there is hardly any person who does not know about PayPal. Owing to eBay and some other factors this payment system is always on the top. There is no a single day when we do not get any news about it. But what is PayPal? What are the opportunities it grants? PayPal lets consumers pay for their purchases using PayPal with a credit card, bank transfer or with funds from their own PayPal account balance. Let's see all of them with ecommerce-guide.com.

New service lets users pay any bill online with their credit card

lexus — Fri, 25 Apr 2008 03:01:21 +0200

Payment Innovations, a provider of online payment solutions, today announced the official launch of BillCharger.com. BillCharger allows users to pay any bill with their Visa® or MasterCard® credit card even if the merchant does not accept credit cards. BillCharger securely manages the entire bill payment process- users enter only their payment and credit card information.

New E-Currency: Perfect Money - perfect or not? What are the roots?

lexus — Sat, 19 Apr 2008 01:32:58 +0200

Our first acquaintance with this payment system was made on one of the Internet forums as early as 2007. In topic author has mentioned some Swiss payment system, which according to him could replace e-gold. Since that moment Perfect Money was mentioned everywhere throughout the Internet. So, the editorial staff of ECJ decided to investigate what Perfect Money system is, to define whether it is an analogue of Swiss bank in the Internet indeed and how attractive this system is for e-currency and e-banking users?

PayPal: "Fasten your seat belts... while browsing on the Internet"

ayny — Fri, 18 Apr 2008 08:05:37 +0200

It seems that PayPal is really decided to put an end to scamming and to show the whole world who is a real leader on the market of secure online solutions. So, not so long ago PayPal was speaking about three-way struggle against phishing. And here is a new step in the struggle against Internet fraud. PayPal says allowing customers to make financial transactions on unsafe browsers "is equal to a car manufacturer allowing drivers to buy one of their vehicles without seat belts."

Epassporte stops playing poker?

ayny — Wed, 16 Apr 2008 20:31:07 +0200

Not so long ago many forums began discussing that ePassporte payment system has announced that it would not serve US poker players and stoped depositing and withdrawing their accounts. This fact gave a chance to some other payment providers, such as Poker Echecks that provides fast, reliable and safe service.