Saxo Bank is wrong? Again?

In its annual global Outlook the famous Denmark-based Saxo bank has predicted Ron Paul to become the next president of the USA. So far Obama and Clinton are more likely to remain two successful racers in the presidential campaign. Saxo bank has also predicted the incredible drop of the Chinese economy . However, today being on Feb 15, the financial analysts already predict Chinese e-payments market would demonstrate the triple increase reaching by 2010 $ 36 billion.

Such an incredible increase is partly explained by the taken government and banks' initiatives toward the fraud preventing in banking industry. It was announced RetailDecision, leading provider of the fraud prevention solutions and payment processing has signed 5-years reseller agreement with ChinaBank Payment, a top Chinese payment processor. Basing on the terms and conditions of the signed agreement Chinese e-payment processor would be offered a ReD's renowned Card-Not-Present fraud prevention service. The authorized officials of the parties expressed their surety that the implementation of the real-time assessment recommendation service would protect e-commerce business, and will eliminate the volume of fraud.

CEO of ChinaBank Payment, Zhao Guodong noted that the cooperation of the top-leading providers would definitely enhance the e-payment service protection in the Chinese market and, as result, will allow to build a higher level of confidence between the sellers and the buyers.

Natalia, reporter of Ecommerce Journal