eCommerce Journal - Learning more about virtual economy - Analytics

Perfect Money, how it has to do with reality

Petrony — Fri, 10 Oct 2008 16:42:57 +0200

Perfect Money, a concept of ideal payment processor that was drafted by enterprising men who dreamed about the creation of the ideal payment tool for the immediate settlements both in business and between the persons, today is widely covered in mass media. Perfect Money is actively promoting its services to reach as many people as possible.

Online sales increase against economy slowdown

ayny — Tue, 12 Aug 2008 14:52:16 +0200

The latest figures show that retail sales in the UK dropped 0.9% in July on a like-for-like basis compared with the previous year. Thus sales have now fallen in four of the past five months.

However the sharpest monthly decline since records began fell on June when sales on the high street dropped 3.9%.

E-gold market is down. The rates have crossed all the psychological marks

lexus — Wed, 23 Jul 2008 12:59:25 +0200

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%.

An exclusive ECJ interview with Matt Graydon of the World Gold Council

Marianna — Fri, 18 Jul 2008 19:20:49 +0200

DGC-industry, that is considered to be a father of e-finances, directly depends on the market of real gold which determines account balances in DGC payment systems. Due to this fact alone it is necessary to watch the developments on the gold market while managing your electronic finances in order to keep the track of events and to stay with a positive account balance backed by gold in any given electronic payment system.

A fall of e-gold rates. What should the e-currency exchangers do?

lexus — Fri, 11 Jul 2008 10:23:01 +0200

The information about the bankruptcy of E-gold had swept like a whirlwind throughout the world and touched all the fields of the virtual economy. At first the e-gold market was in a silent abeyance without any possibilities to understand whether this information was true. However in a few hours an exchange market started to sink in panic moods. In 8-10 hours after the release about the bankruptcy the rate of E-gold – WMZ was over 0,7 mark.

What's the future of internet processing

ayny — Thu, 03 Jul 2008 08:29:23 +0200

Most online shoppers still pay with credit cards, but payment alternatives are slowly gaining traction, with more on the way. And just as consumers have more choices about how they pay, online retailers will have another payment-processing option as a big processor plans to split into two.

Development of e-commerce in Uzbekistan (Part 2)

Fiatcinquecento — Wed, 25 Jun 2008 15:00:46 +0200

In 2007 the electronic payment systems “Unipay”, “E-Pay” and “Fast Pay” were set off, which are somehow similar to “Pay Net” (they only receive payments).

From the beginning of 2008 two companies, “Multisoft Solutions” and “Mobile Link Services”, announced the ending of “E-Karmon” and “Mobliss” payment systems development.

Development of E-commerce in Uzbekistan (Part 1)

Fiatcinquecento — Tue, 24 Jun 2008 14:32:40 +0200

Almost everybody in any Western country, from an experienced businessman to an ordinary teacher, cannot imagine life without an account in a certain payment system. More and more goods are being purchased in online stores, this fact alone is able to pose serious competition to ordinary supermarkets.

Electronic Commerce under the Patriot Act's eye

Marianna — Tue, 20 May 2008 13:51:13 +0200

The recent electronic finance boom has reshaped the way we think about money. Now money is not only what we hold in our wallets and bank accounts; the equivalents of paper currencies are flying at a supersonic speed all over the internet. The development of internet commerce, online banking as well as electronic currencies and transfers gave a launch to a lot of success stories such as PayPal, Moneybookers or Webmoney, but it did create a lot of tension and controversy at national and international political arenas.

Alibaba: more than just words…

ayny — Thu, 08 May 2008 19:00:49 +0200

What do you know about online auctions? What comes to your minds when you hear this? I'm more than sure that you will name eBay. It's essential as it is online auction ?1, but not the only one. There are dozens of other ones. But very soon eBay can yield the palm to another leader that is growing very fast. It is Asian auction Alibaba.com.

The US Mobile Internet - Major Partners Join Together on Clearwire

addy220 — Thu, 08 May 2008 02:04:12 +0200

Clearwire and Sprint Nextel have announced that they have entered into a definitive agreement to combine their next-generation wireless broadband businesses to form a new wireless communications company. In addition, Intel Capital, Google, Comcast, Time Warner Cable, and Bright House Networks – have collectively agreed to

Silver outshines gold

addy220 — Mon, 05 May 2008 14:05:29 +0200

Silver is gaining ground in Egypt’s jewellery market amid record gold prices and as surging inflation cuts the purchasing power of Egyptians, once leading world gold buyers.

“Silver is becoming very popular in Egypt, and the industry is developing everyday,” Moaz Barakat, managing director of the industry-funded World Gold Council in the Middle East, Turkey and Pakistan, said.

Flourish your mobile, not card

addy220 — Mon, 05 May 2008 09:03:10 +0200

Do you think your wallet feels cluttered with all the cards you have to carry? Do you invariably forget to draw cash from the bank? Do you think it is a big bother to remember to carry cash or card? If you do, it's time to stop fretting. Your best buddy - the mobile phone - is gearing up to come to the rescue.

Visa Announces Corporate Responsibility Program

addy220 — Sat, 03 May 2008 12:13:06 +0200

Visa Inc. has announced its first corporate responsibility program at the Clinton Global Initiative (CGI) mid-year meeting, where Visa was recognized as the first CGI "commitment to action" of 2008.

The program, Visa's first as a public company, has two areas of emphasis:

WaMu Launches Paperless Checking Account Openings on the Web

addy220 — Fri, 02 May 2008 01:05:42 +0200

Washington Mutual has announced a new account opening experience that it says couples 100% online approval and opening, and eliminates the need to mail a traditional signature card. Rather than the signature card, the new customer 'uses the first check in their checkbook, which has been specially designed so that once written and processed, it is scanned and used to serve as the sample signature for the account.'

Glenbrook Looks at Alternative Payment Options for Retailers

addy220 — Thu, 01 May 2008 01:06:46 +0200

eBillme has announced it will host a webinar on Wednesday, May 14, where Russ Jones of Glenbrook Partners will provide an in-depth look at the retailer integration process for several alternative payment options including: Bill Me Later, eBillme, Google Checkout, and PayPal.

Death of Internet is approaching?

lexus — Tue, 29 Apr 2008 21:43:21 +0200

Nobody can deny that the Internet has radically changed the world on almost every level. This change is mostly for the better, especially in terms of trade and international commerce. Unfortunately, a growing group of experts are predicting that the foundation for this new, borderless world is sagging under it's own weight and that we're facing serious problems in just a few short years.

Mobiles begin calling the shots on banking and payments

addy220 — Tue, 29 Apr 2008 01:13:47 +0200

The use of mobile phones for banking and remittances is growing worldwide, nowhere more so than the Middle East and Dubai where Mi-Pay is setting up its second data centre to support Middle East and African operators. In this interview Mi-Pay's CTO, Simon Cavill talks about some of the technical and regulatory challenges he is facing, as both the banks and mobile companies are converging on this hugely lucrative segment.

Obopay Confirms $20 Million Financing Round

addy220 — Mon, 28 Apr 2008 14:43:02 +0200

Obopay has announce the closing of its fourth round of venture funding, raising $20 million along with adding two new board members. Essar Communications Holdings Limited, the telecom subsidiary of Essar Global Limited, led the round. The two new board members are K B Rajendran, Senior Vice President, Essar Global Limited and Robert G. Hottensen, Jr., Senior Vice President for Public Equity at Olayan America Corporation.

American Express reports financial results

addy220 — Sun, 27 Apr 2008 08:44:36 +0200

American Express has reported its financial results for the first quarter of 2008 with net income from continuing operations down 11% compared to the same quarter last year while revenues net of interest expense were up 11%.

Cardmember spending worldwide increased 14% to $166.4 billion (3% of that increase was due to the weak dollar) while the number of cards issued by bank partners increased 33%. Discount revenue from merchants grew 11% with average merchant discount holding steady at 2.57%. The total number of American Express cards in force worldwide grew 10% to 88 million. Worldwide lending balances on a managed basis grew 19% to $75.2 billion.

How contactless payment cards will lead to mobile payments

addy220 — Thu, 24 Apr 2008 14:24:57 +0200

Javelin Strategy & Research has released a new report titled 'Contactless Strategy & Forecast' ( Preview) that reports findings about how contactless technology will become mainstream for payment card transactions.

UK's Advanced Payment Solutions Moves Prepaid Portfolio to Metavante

addy220 — Sat, 19 Apr 2008 09:36:25 +0200

Metavante has announced an agreement with Advanced Payment Solutions (APS), making it the payment processing house for the entire prepaid portfolio of APS, including the cashplus prepaid gold MasterCard, the Gap Year cashplus card and a range of other fully re-loadable prepaid MasterCard programmes

How Economic Impact from Internet ‘Doomsday’ Scenario?

lexus — Fri, 11 Apr 2008 18:22:20 +0200

Economists worldwide say that a one day "blackout" of the Internet would have a major impact on the global economy, according to a survey conducted by ICC and the Ifo Institute for Economic Research and released today.

The survey asked economists to predict the impact on their country's economy if the Internet completely shut down for a day worldwide. A total of 1,004 responses from economists in 90 countries were received.

E-gold – the end of epoch?

lexus — Wed, 09 Apr 2008 11:01:05 +0200

We can keep silence and persuade ourselves not to speak on this topic for a long time. We can conduct auto-training and create optimistic forums where you will hot up the topic of predominance and divine origin of E-gold. But let’s face the truth. What E-gold payment system and E-gold Ltd., which stands behind it, represent today?

Vast majority of americans feel safe online

addy220 — Fri, 04 Apr 2008 05:12:27 +0200

Nearly 90 percent of Americans say they feel safe online despite the rising tide of spyware, phishing and other badware threatening Internet users, according to a new poll sponsored by StopBadware.org, a consumer protection initiative aimed at combating dangerous software.

Yahoo! vs. Google on online publicity - who will win?

sergiu23 — Mon, 31 Mar 2008 12:45:58 +0200

For most analysts, Yahoo!'s situation seemed very complicated and letal : Yahoo! either accepted billions offered by Microsoft, either cooperate with Google (that meaning the externalization of the search function to Google). Both of them meant the acceptance of defeat. And more than that, both would have meant the drop of brand's fame and the end of a succes story.

World markets: what's happening?

ayny — Wed, 26 Mar 2008 15:05:18 +0100

Though being devoted to electronic commerce our journal constantly keeps an eye on real economy and on situation on world stock exchanges. The situation is not so critical as it was couple of months ago but still there is no reason for great joy. Though it is stock exchange and it as a volcano or earthquake cannot be predicted. Cannot be predicted but can be reviewed and exactly this thing was done by http://www.iht.com.

China pushed the US from the 1st place!

Marianna — Tue, 18 Mar 2008 14:00:31 +0100

It's official! China is the largest internet population in the world, according to a recent Chinese research. Since the creation of the Internet no other nation could beat the USA in this unofficial contest. With its 220 million online users the growth opportunity for a gigantic Asian market is unlimited. According to the China Internet Research Center in Beijing 55 million internet users did

PayPal New President: no signs of e-commerce slowdown

Marianna — Tue, 18 Mar 2008 13:30:06 +0100

In the interview published on Monday by Les Echos, the president of PayPal - Scott Thompson disagreed with the widely discussed topic of the lowering e-commerce activity. He said: "There is no proof that e-commerce is showing signs of a slowdown". According to Thompson, PayPal is planning to receive half of its profits from clients outside of eBay.

P2P – are we ready yet?

Marianna — Tue, 18 Mar 2008 13:05:27 +0100

A new report on mobile person-to-person (P2P) payments conducted by Javelin Strategy & Research suggests that most of the consumers desire high-speed transactions but only 10% are ready to start using mobile P2P payment services."Mobile P2P payments and transfers stand to transform the mobile landscape. Whether it's how we buy things, interact with friends and businesses or modify