Payment systems
Exclusive Interview for ECJ with Senior Director of Merchant Services at PayPal
 Part 1
PayPal, a global leader in online payment solutions, has been on the market of electronic payments since 1998. In 2002 it was acquired by eBay, an online auction and shopping giant. Due to its tremendous popularity and overall success, PayPal has been in the center of overwhelming attention from online shoppers, auction participants and electronic money transfer users.
Micropayments with the help of a new application
 Payment system Moneybookers has launched a Facebook application to send and receive money over a profile on a social network site.
At the moment the software is put in the trial beta mode and it is planned to be rolled out in June. Anyone using Facebook will be able to make payments to and from each other.
Buy an item on eBay and pay 3 months later
 One of the biggest online auctions, eBay.com, has announced a new payment option available for the US customers - PayPal Pay Later, a convenient and secure credit service. A new payment option is issued by GE Money Bank, one of the leaders among credit providers. Owing to this service the users can delay payment for 90 days for the purchases ranging from $50 to $199.
Chaps euro system is to be shut down
 Apacs, the UK payment association, scheduled to shut down its Chaps euro clearing service today. The systems started its operation in January 1999and provided a same-day domestic euro service. The association came to this decision after reviewing the UK's position on the euro.
Fraud and Con-Men
n criminal law, fraud is the crime or offense of deliberately deceiving another in order to damage them – usually, to obtain property or services unjustly. [1] Fraud can be accomplished through the aid of forged objects.
Everyone’s Been Waiting For - E-gold’s Verdict
The verdict is out. E-gold loses the case to the US government. A surprise?
A trial court in the District of Columbia, 2008 U.S. Dist. LEXIS 37602, UNITED STATES OF AMERICA v. E-GOLD,
LTD, et al., for violation of 18 USC 1960 which makes it a crime to
operate an unlicensed money transmitting business. According to the
trial court, a business can clearly engage in money transmitting
PaymentView – a new payment monitoring system
 A comprehensive web-based payment monitoring system, CheckFree PaymentView, was released yesterday. The new solution will monitor web-based payments of existing check, cash, wire, Automated Clearing House, credit and debit card activities.
Improved bill payment in Bulgaria
 Opportunity to pay utility bills by sending a text message will be available to Bulgarians due to a new payment service - via mobile phones, called ePayGSM. The system is launched by Bulgarian electronic payments system ePay.bg.
ATMs for an African country
 SwitchAssociates, a new marketing integrated electronic payment network that allows for the transfer of money over various channels, including cards, mobiles and internet, is to be launched by SBTS Group (SL) Ltd, leading software services and solutions provider in Sierra Leone.
Alternative payment methods are in good graces
 The recent First Annapolis Consulting Inc. survey defined that the majority of mid-sized e-commerce retailers give preference not to major-brand credit card but to the alternative payment forms. The survey of 83 retailers whose annual online sales vary from $5 million to $10 million shows that 41% of the merchants accept alternative
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