E-gold caricature, cartoon, parody. Copyright www.Ecommerce-Journal.com ©

WebMoney is very concerned about its reputation and the security of its users. In view of this the system announced some changes that are intended to improve the service and to protect the users. In order to ban and exclude WebMoney Transfer System from attempts of illegal usage and fraud as well as to avoid causing of any potential damages to its users, the System announces changes to its policies and hereby amends the Agreement on Property Rights Transfer by Means Of Digital Units, as the official website reports .

Now you can get 100 WMZ for $20 e-gold and exchange 21 Liberty Reserve into $100 E-gold… It’s sort of a fantasy you may say? No, today it is a reality. For instance, such exchangers as GrandExchange and Wm-exchange are ready to offer you such prices. There is a direct evidence of the panic on the market. The average price has already crossed the psychological mark of 50%.

Paying bills becomes easier now as customers can do it from anywhere with a Verizon Wireless BlackBerry or Get It Now-capable smartphone on conditions that they receive services from an institution that's partners with Mobile Banking.

The third quarter of 2008 in Hong Kong will be marked with the introduction of Citibank Mobile Financial Services.

According to the bank Citibank Mobile Financial Services may be implemented irrespective of the device and network. The service is said to be specifically designed to enhance the customer experience through improved download time, increased user friendliness, and simpler navigation and interface.

Member banks of the Arkansas Community Bankers Association (ACB) will be offered a full suite of payments solutions by Heartland Payment Systems™. The ACB is a trade association engaged in serving the interests of Arkansas community banks and consists of 148 member banks with almost $50 billion in total assets. Heartland services more than 250,000 businesses nationwide.

Popular demand enjoyed by MasterCard Priceless Upgrade offer, a conjoint initiative of British Airways and MasterCard induced the two companies to extend the service. The MasterCard Priceless Upgrade promotion allows customers flying from Australia1 to Bangkok, Singapore and London with British Airways to upgrade one leg of their trip when purchasing their tickets with their MasterCard cards.

Broca, UK mobile messaging vendor was selected to provide the technology for a SMS-based payments and pilot banking services in Nigeria.

Broca is to supply a pilot system based on its Secure Advanced Messaging Service (Sams) to Telnet Nigeria which will then be offered to banking clients in the country.

With the new service customers in Nigeria will be able to initiate cash transfers, pay for airtime and for satellite TV.

The figures reported by the UK payments association APACS show that online banking popularity underwent a significant grow among the adult customers in the country increasing 505% from less than 3.5 million in 2000 to just over 21 million last year while frauds related to online banking transactions decreased 33% in 2007 on a year-over-year basis.

In June the six largest US credit card lenders saw the rise of overdue rates while the previous two months showed some decrease at the expense of tax refunds used by consumers to pay debts. Now tax rebates are fading and unemployment along with food and fuel prices are increasing.

A famous Chinese e-commerce auction site Alibaba.com with 30 mln registered users from over 240 countries and regions has announced the opening of an office in Taiwan, its third one outside mainland China.

According to the official statement this move will enable the portal to serve 40,000 members in the "priority market" of Taiwan better.

New appointment is taking place at Postilion, a division of S1 Corporation and a leading provider of integrated solutions for self-service banking and payment processing. Doug Parr is to hold a post of General Manager of Postilion's payments business in the Americas.

Doug Parr has a 25 year experience in the financial services technology industry including over 18 years at ACI Worldwide where he served in various roles including Senior Vice President, Americas.

The distribution of benefit payments to the more than 23,000 households in the State of Alaska will be further carried on by JPMorgan which entered into a new agreement with the state to prolong delivering its services.

With JPMorgan's electronic services the state can continue to supply families with convenient, easy-to-use debit cards to access their funds.

Rahaxi Processing Oy, Finnish-based wholly-owned subsidiary of FreeStar Technology Corp., an international card payments processor and technology company is going to partner with Natixis Paiements to process card payments for China Unionpay (CUP) transactions.

The solution of Rahaxi Processing Oy is to serve as an on-line real-time local connection point between Acquiring Banks and China Unionpay network.

In Beijing a number of Chinese banks and securities

The U.S. Postal Service and VeriFone Holdings, Inc. entered into a multi-year agreement valued at around $10 million according to the latest reports. Under the terms of the deal VeriFone is to provide the U.S. Postal Service with electronic payment solutions for use across the U.S.

Financial institutions in India were requested to suspend the implementation of mobile payments services until the time when the Reserve Bank of India (RBI) has issued proper operative guidelines.

The RBI reported that the bank is collecting and revising comments on m-payments following the posting of draft guidelines on its Web site last month.

QVC, one of the largest multimedia retailers in the world, "has added the Bill Me Later alternative payment method to further enhance the shopping experience for its valued customers online, in the call center and via automated phone service" as informed by Bill Me Later.