News, Payment systems

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 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.

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.

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.

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.

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.

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.

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,

Last week AlwaysOn selected TrialPay as one of the AO Global 250 Winners. TrialPay represents the payment option that gives online shoppers what they want, for free, simply by buying or trying something else from one of their favorite brands. The choice of AlwaysOn editorial team and other industry experts across the globe was based on innovation, market potential, commercialization, stakeholder value and media buzz criteria.

A well-known payment system, Obopay, has announced about some changes in fees. So, according to the official statement Obopay will increase its transaction fees charged for money sending. At the moment this fee is $0.10, but on August 7 it will change to $0.25.

But it is not the only changes applied in the system. Obopay disables the instant bank transfer feature which was introduced earlier in March.

All the changes have already been fixed in the new terms and conditions which will come into force on August 7.