e-payment

A provider of electronic money services CashEdge Inc announced the results of its 2011 Small Business Payables and Receivables Survey. The survey found that small businesses have a strong desire to accelerate and simplify current payable/receivable processes and a willingness to adopt new electronic payment solutions. Moreover, these businesses expressed a strong desire to get such services from their banks.

According to the latest study from Visa, Latin America and Caribbean region has reflected e-commerce has to surge by over 39%, reaching $21.8 billion. 

PayPal has unveiled its intention to deprive its Indian customers of the ability to withdraw funds from accounts electronically.

Earlier this year, the e-payments company had to suspend temporarily personal payment transactions from and to India, when the Reserve Bank of India (RBI) concluded that PayPal was not in compliance with all relevant regulatory requirements.

As it became known, San Francisco-based Patelco Credit Union has implemented Popmoney P2P payments integrated with mobile banking.

The country we are to take in consideration today is a landlocked Serbia located at the crossroads of Central- and Southeastern Europe. Covering the southern lowlands of the Carpathian basin and central part of the Balkans, Serbia borders Hungary to the north, Romania, Bulgaria to the east, Republic of Macedonia to the south, and Croatia, Bosnia and Herzegovina, Montenegro to the west. Country’s border with Albania is disputed. Serbia is a member of the United Nations, Council of Europe, BSEC and is to preside over the CEFTA in 2010. The country is also an EU membership applicant.

Belarus is the country Internet and e-commerce of which we are to study today. Belarus, that has capital in Minsk, is a landlocked country in Eastern Europe, bordered clockwise by Russia to the northeast, Ukraine to the south, Poland to the west, and Lithuania and Latvia to the northwest. Most of the Belarusian economy remains government-controlled, and has been described as "Soviet-style." Currently, Belarus has enjoyed strong consistent economic growth despite significant government involvement.

Sudan, the largest country in Africa, and the Arab World, is the country the Internet and e-commerce infrastructure we are interested in for today. This country, located in northeastern Africa, is also tenth largest in the world. Sudan is bordered by Egypt to the north, the Red Sea to the northeast, Eritrea and Ethiopia to the east, Kenya and Uganda to the southeast, the Democratic Republic of the Congo and the Central African Republic to the southwest, Chad to the west and Libya to the northwest.

Tuesday, Hypercom Corporation announced that both its Optimum T4200-2.0 countertop and M4200-2.0 mobile product lines have achieved PCI PTS 2.1 certification, the payment security standard previously called PCI PED.

New company’s countertop and mobile terminal product family appeared to be the first among the top three electronic payment providers to achieve this rigorous security standard.

The USAID/Jordan Tourism Development Project II (Siyaha) has partnered with a joint venture between Visa Jordan Card Services (VJCS) and Specialized Technical Services (STS) to launch e-payment facilities across Jordan’s tourism sector. Correspondingly, a Memorandum of Understanding (MoU) was signed among the parties.

MasterCard is releasing its Open Application Programming Interfaces (Open APIs) for third–party and independent software developers. The card network company reported that under its new program developers will be able to create a new wave of e-commerce and mobile payment applications.

In addition, this portal will also enable developers to have easier access to all of the Open APIs that MasterCard makes available will also be launched. The new Open API program is the first initiative from the newly created MasterCard Labs.

Fiserv has introduced a new person-to-person payments service ZashPay. The new solution was worked out in order to let consumers tap into a community where they can quickly send or receive money using their existing online banking accounts.

As it became known Tuesday, TSYS was selected by one of the Japanese leading internet-based banks, SBI Sumishin Net Bank (SSNB), in order to process its payment card portfolio. This conversion is due in April.

SSNB has over 750,000 accounts and plans to use its partnership with TSYS as a means to aggressively expand its card business.

Innovator of e-payment solutions Blue Bamboo has set an agreement in the Made for iPod (MFi) program.

This is the Blue Bamboo’s move to deliver its popular Mobile Bluetooth™ P25-M Printer to WWi (Works for iPhone) Payment Application Providers that are PA-DSS certified. The Blue Bamboo P25-M works with many third party handset applications on hundreds of popular smart phones enabling mobile merchants to accept payments anytime, anywhere.

ProPay, an industry leader in end-to-end data security encryption, credit card processing, and electronic payment services, announced its support of the expansion of eBay Buyer Protection to all approved electronic safe payment methods. ProPay applauds eBay’s extension of its Buyer Protection program. eBay Buyer Protection adds an unprecedented level of customer support and trust to the world’s largest online marketplace.

You surely have heard about self-service payment terminals at least once. You probably even had chance to apply to one of the wide variety of those. But for some reasons the greatest popularity this kind of interactive kiosks, representing hardware devices that work in combination with self service software, allowing users to perform any possible transaction, gained within Russia and Commonwealth of Independent States (CIS) members.