eCommerce Journal - Learning more about virtual economy -

Australian bank launches online banking

ayny — Fri, 16 May 2008 16:00:16 +0200

ANZ minding the security of its customers has launched a new internet banking platform with 2-factor authentication. Implementing up-to-date bank believes that its customers will stay happy and will trust them.

Micropayments with the help of a new application

ayny — Fri, 16 May 2008 15:32:24 +0200

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 on 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.

E-commerce 2008: Change your black cards for pink ones!

ayny — Fri, 16 May 2008 14:19:17 +0200

A new extraordinary credit card of pink color has been put out by Halifax, Ireland for public use. The rate of a new card will be equal to the classic black one, for example 10.9 per cent APR on balance transfers and purchases. As its black predecessor the pink card will offer its customers zero per cent balance on transfers and purchases for the six months or €100 lodged to the new credit card account. Another its advantage is that it can be used by three additional cardholders.

Buy an item on eBay and pay 3 months later

ayny — Fri, 16 May 2008 13:33:09 +0200

One of the biggest online auctions eBay.com. has announced a new payment option available for the US customer - 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 the price of which ranges from $50 to $199.

E-commerce at service of tourism

ayny — Fri, 16 May 2008 13:28:15 +0200

Tourism Trust Fund of Kenya insists on legalizing electronic payments that at the moment are represented only by Kenya Airways that succeeded owing to its cooperation with South African Banks. All the local banks are avoiding e-payments due to the threads of online fraud.

A meetings card from Visa are in the USA now

ayny — Fri, 16 May 2008 11:12:21 +0200

A world leader in plastic card industry Visa has announced the partnership with Arcaneo, provider of meetings technology, and also the launch of a meetings card. At the moment this card is available only in the USA and in Canada but it is expected that in a near future the coverage area will be wider.

Business-is not exist

fairyjadoo — Fri, 16 May 2008 10:34:54 +0200

First and foremost do not get confuse with the title of this news. Actually the news that you are going to read is about a scam hyip which called business-is.com. This hyip was officially launched on April 29th, but on the website it shown as on May 2nd. Business-is offers three types of plans which are 12%, 14%, and 15% daily.

Mobile Banking in the US is more than just banking

ayny — Fri, 16 May 2008 09:12:32 +0200

The development of mobile banking cannot be compared with any development that has ever existed. In view of the popularity of mobile phones almost every service and every provider tries to use mobile phones somehow: some use it as a protection means, others as way of access. Almost every day we find some news about launching of some m-banking, or some software for this.

Chaps euro system is to be shut down

Marianna — Fri, 16 May 2008 08:55:40 +0200

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.

Weekly review of credit cards

ayny — Fri, 16 May 2008 07:54:19 +0200

Annual percentage rates for select major credit card categories firmed this week. Despite an aggressive Federal Reserve campaign that has lowered interest rates to 2 percent from 5.25 percent in September, the latest pricing data suggests inflation remains controlled, reducing pressure on the Fed to begin tightening monetary policy.

Voice Verification is a desirable feature

Marianna — Fri, 16 May 2008 00:33:12 +0200

The study about the popularity of and the general interest in voice verification conducted by Harris Interactive for Nuance Communications revealed that consumers welcome this technology for protecting their personal information.

The study found that almost two-fifths of the consumers surveyed would prefer dealing with a company that provides voice verification; the number grew to three-fifths at the end of the survey and after reviewing its benefits.

PaymentView – a new payment monitoring system

Marianna — Fri, 16 May 2008 00:14:19 +0200

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.

Wells Fargo & Co. and Bank of America Corp., are "together"

ayny — Thu, 15 May 2008 20:18:25 +0200

Today it became known that Wells Fargo & Co. and Bank of America Corp., both world famous, have joined their efforts to form a joint venture aimed to make automated clearinghouse payment processing for both banks and their customers.

The UK officials worry about the quality of credit card websites

ayny — Thu, 15 May 2008 19:43:22 +0200

A new report on the survey of the credit card industry has revealed that the Internet became an invaluable tool for the UK credit card holders. Today a global network is used for various purposes related to credit card industry, such as education and a study of credit cards, comparison of their various kinds, browsing, making applications for them and even managing credit card accounts.

Learn to take risks when playing hyips

fairyjadoo — Thu, 15 May 2008 19:17:02 +0200

Hyip playing is learnable for the normal person who is interested in the subject of investing. But you do not have to worry if you are not interested in the investing subject because if you can see the opportunity in making money online, it is still also learnable. Anyway, it is easy to learn anything if you truly have an interest in the subject.

Vice president of sales for Retail Decisions

ayny — Thu, 15 May 2008 19:16:37 +0200

Retail Decisions, a known payment processor, also famous as provider of fraud-prevention services and issuer of payment cards, has declared about the appointment of a new vice president of sales.

Improved bill payment in Bulgaria

ayny — Thu, 15 May 2008 15:25:54 +0200

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.

Businesses under protection of BSI solutions

ayny — Thu, 15 May 2008 15:13:41 +0200

Biometric Signature ID ("BSI") and Quick Business Operating Systems (QBOS) are partnering on a conjoint project. BSI is going to operate its dynamic biometric authentication and verification solutions within QBOS's Business Process Automation Suite of products.

MasterCard covers costs from data breach

ayny — Thu, 15 May 2008 14:30:24 +0200

MasterCard-issuing banks granted to TJX Cos. about $24 million for a settlement in order to cover costs from a massive data breach.

According to the discount retailer report, TJX Cos. got support from financial institutions representing more than 99 percent of MasterCard accounts affected in the breach worldwide. On April 2 it was cleared up that minimum 90 percent of support is needed to get a result.

Online banking is not popular in Spain!

ayny — Thu, 15 May 2008 14:08:26 +0200

The "Second Study on the Internet in Spain" conducted by BBVA Foundation figured out that the number of Internet users is very low. They mainly use it to conduct transactions and other operations for administration goals. In comparison with 2005, when only 20.5 percent of users were making online banking transactions, the number of Internet banking users has increased and today is 24.5 percent.

The largest m-banking in India

ayny — Thu, 15 May 2008 10:01:37 +0200

A complete mobile banking service is to be introduced in India by the State Bank of India (SBI) by the end of June. The service is planned to be applied to all of the bank's 13 million customers which means that this mobile banking program will become the largest in the whole country. The project is believed to be the same kind as of many new-formed banks but in a much greater way.

E-commerce platform for online trading

ayny — Thu, 15 May 2008 09:45:03 +0200

Molson, Canada's oldest brewer acquired iCongo's Business-to-Consumer Retail E-Commerce Platform to introduce its online shop-window http://www.shopmolson.com/. On the site customers can view and chose favorite goods of different brands like Molson Signature, Molson Canadian, Molson Dry, Molson Export, Coors Light, Pilsner and Rickard's.

New mobile service of Maryland

ayny — Thu, 15 May 2008 09:37:29 +0200

SECU Credit Union of Maryland has launched a new mobile service for online banking purposes.

Owners of mobile phones having Internet-based functions will be able to make wireless mobile banking operations, such as funds transfer, control of account balances and scheduling of new payments.

ATMs for an African country

ayny — Thu, 15 May 2008 09:27:19 +0200

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

ayny — Thu, 15 May 2008 09:07:56 +0200

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

Downward tendency of credit cards in Australia

ayny — Thu, 15 May 2008 08:51:56 +0200

According to the release of Reserve bank of Australia (RBA) Australia's credit card balance fell 0,5 in March. All the figures demonstrate a sure downward tendency. So, for instance the total balance of credit and charge card transactions has decreased from $43.25 billion in February to $43.04 billion in March.

Univgroup scammed universally

fairyjadoo — Thu, 15 May 2008 08:18:34 +0200

A hyip called univgroup which was launched on January 5th has stopped paying to turn to scam since March 25th as reported by members. Univgroup offers two types of plans which are 10% daily, and 200% after 15 days.

Hyip weekly report: Payment processor scam

fairyjadoo — Wed, 14 May 2008 19:27:24 +0200

Well, what else would be important news on the hyip world as a whole other than recent Liberty Reserve DDoS. Just I do not understand why people made such a big deal about it. All payment processors or mostly any website involved in dealing with money or currency would have experienced DDoS attack whether they like it or not.

Scholarships to qualify microfinance staff

ayny — Wed, 14 May 2008 15:39:44 +0200

Six leading microfinance training institutes will be granted by the MasterCard Foundation $100,000 each under the Scholars Program to train staff working in microfinance in Africa, Asia, Eastern Europe, Latin America and the Middle East. 200 scholarships are planned to be provided.

Payment systems rolled out for African banks

ayny — Wed, 14 May 2008 15:34:52 +0200

A contractual agreement was signed by VeriFone Holdings Inc. and two leading transaction switching and electronic payment companies, Ferlo and Byte Tech, headquartered in Dakar, Senegal. The agreement has to do with the distribution of VeriFone payment solutions throughout the UEMOA (Union Economique et Monetaire Ouest Africaine) countries as well as Cameroon.