eCommerce Journal - Learning more about virtual economy - Other themes

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.

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.

General tips to make the Internet users to buy your products

ayny — Mon, 06 Oct 2008 10:14:42 +0200

Studies show that the Internet influences more than US$3 of in-store sales for every dollar spent online. The Internet has given consumers the ability to make more educated purchases and get better deals, but many consumers still prefer to buy a product at a local store. Therefore, retailers need to develop an online marketing strategy that focus not only on selling customers online but also driving them to their retail store.

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.

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.

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.

A MoneyGram division defined a winner of the promotion

ayny — Thu, 02 Oct 2008 12:28:52 +0200

MoneyGram company and the leading provider of electronic payment services to the residential real estate management industry PropertyBridge, Inc announced the grand prize winner of its 2008 $20,000 Resident Sweepstakes.

The top prize of $20,000 was granted to Utah resident Kyle Williams, a student at Utah Valley University working part time.

SMS Gift Card system powered by Inspiton Logistics

ayny — Thu, 02 Oct 2008 12:23:11 +0200

SparkBase, the largest Stored Value gateway for the processing of “Private Label” gift and loyalty card transactions to the merchant services industry, in cooperation with Inspiron Logistics is planning to introduce Short Message Service (SMS) inquires to more than 2-million card holders on the SparkBase network.

Payments can be accepted away from a retail countertop

ayny — Thu, 02 Oct 2008 12:16:21 +0200

The joint venture of The Hongkong and Shanghai Banking Corporation Limited (HSBC) and U.S.-based Global Payments Inc. known as Global Payments Asia-Pacific Limited launched a secure GPRS-powered mobile payment service called Global MobilePay. With the new solution merchants in Asia-Pacific region are provided with mobile card acceptance capabilities.

Arizona residents settle their tax payments online

ayny — Thu, 02 Oct 2008 12:15:17 +0200

Property tax payments can be settled now electronically in Arizona's Maricopa, Mohave, Pinal and Yavapai Counties. Residents and businesses can pay their annual property taxes online using a credit card through Official Payments Corporation.

Cisco surveys the market of online payments

ayny — Wed, 01 Oct 2008 19:39:55 +0200

Important consumer segments such as baby boomers trust online payment providers more than they trust traditional banks, according to a survey on retail financial services recently conducted by the Cisco® Internet Business Solutions Group (IBSG). Consumers are demanding the same convenience they receive online when shopping in a brick-and-mortar environment.

Tips from Alibaba to become a Super Supplier

ayny — Wed, 01 Oct 2008 19:33:27 +0200

In a new entry posted on Alibaba blog the company offers its tips to suppliers wishing to upgrade their status to a super supplier level. Those who succeed in performing a 3-step task will be included into free promotion in the new Super Supplier Channel.

Thus Alibaba.com prompts these three formulas to businesses:

Carriers are offered convenient payment scheme

ayny — Wed, 01 Oct 2008 19:30:35 +0200

Quick Pay program with improved features is being launched by Con-way Multimodal, the nationwide truckload brokerage division of Menlo Worldwide Logistics to satisfy administrative and financial needs of its carrier community.

Tradelite - a new level of investment business or the elite of the old school?

ayny — Wed, 01 Oct 2008 18:38:15 +0200

This project proves that even during the crisis of the investment industry there are still successful projects on the Internet. Since the day when the project appeared and up to this day the name of Tradelite still remains a synonym for the stability and the confidence that the invested funds will be repaid with the interest.

Nine more casinos to offer Global Payments’ services

ayny — Wed, 01 Oct 2008 14:57:38 +0200

Global Payments Inc., a leader in both payment processing and gaming cash access services signed new agreements with nine additional US casinos so as to provide them with its VIP LightSpeed(R) suite of cash access products and services.

Money collection facilitated with EPP’s solution

ayny — Wed, 01 Oct 2008 14:56:22 +0200

In a move to provide clients with additional options to meet their electronic payment service needs Columbia Ultimate, the industry expert in providing software and integrated solutions for collecting money established a partnership with Electronic Payment Providers, Inc., (EPP), an industry leader in payment processing.

PSCU acquires more offices

ayny — Wed, 01 Oct 2008 14:54:12 +0200

PSCU Financial Services Inc., a Florida-based firm that provides payment processing to credit unions, acquired data marketer Acxiom Corp.'s former Deer Valley office for $25.4 million.

In 2004 Acxiom, based in Arkansas, built the 97,300-square-foot office southeast of Seventh Street and Loop 101 in Phoenix.

Gyms to avail of Smart Payment Solutions’ services

ayny — Wed, 01 Oct 2008 11:32:28 +0200

Smart Payment Solutions, a full-service payment solutions company that specializes in credit card and ACH electronic check processing established a partnership with Club Sentry, a software company that offers a flexible, easy-to-use club membership software package.

Miles Flint from Sony Ericsson joins GlobalCollect

ayny — Wed, 01 Oct 2008 11:30:04 +0200

A new Chairman was appointed to the Supervisory Board of GlobalCollect, the world's premier payment service provider of local e-payments. GlobalCollect is the world's premier Payment Service Provider of local e-payment solutions for international Customer Not-Present (CNP) businesses such as internet, mail and telephone orders and specializes in a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online games and digital content.

Merchants no longer store cardholder data

ayny — Wed, 01 Oct 2008 11:26:18 +0200

Electronic Payment Exchange (EPX), a global industry-leading provider of fully integrated, secure, end-to-end payment processing solutions upgraded its patent pending BuyerWall Solution to remove cardholder liability for merchant payment processing at the point of card swipe in a retail environment at the expense of instant data preservation.

Customers in Zambia recommended refraining from ecommerce

ayny — Tue, 30 Sep 2008 18:49:21 +0200

Customers in Zambia are being warned by the Communications Authority of Zambia against availing of the services available with ecommerce pointing to the fact that there are no sufficient skills, equipment and organized systems in the country to oppose cyber crime.

Firethorn’s production to be sold by Fifth Third

ayny — Tue, 30 Sep 2008 18:44:15 +0200

Firethorn Holdings, LLC, a commerce enabler signed an agreement with Fifth Third Processing Solutions to provide mobile banking services to its 2,880 financial institutions.

The companies report that using existing integration and connectivity to deploy Firethorn’s mobile application, Fifth Third Processing Solutions will offer Firethorn’s products to its processing financial institution clients.

Expedited payments to avoid late payment penalties

ayny — Tue, 30 Sep 2008 18:42:20 +0200

An increasing number of banks are predicted to be implementing expedited electronic payments in the near future. Paying a fee for expedited payments is more convenient and cost-effective than paying a fee for late penalty as the commission charged for the expedited payment transaction is many times less than the fee imposed on a customer who delayed its bill settlement.