eCommerce Journal - Learning more about virtual economy - Articles, Payment systems

Crandy. An independent European service

ayny — Wed, 08 Oct 2008 16:31:52 +0200

Crandy is a unit of German m-payments outfit NCS. It is a wireless payment system for cellular phones that enables any registered user to make real time payments at any time with any mobile phone. Being a German operation though, their website supports English, French, Spanish and Turkish too. As it was noted by Russell Buckley at mobhappy.com in 2005 the company seems to be promoted by word of mouth while the mainstream press is likely to have been ignoring them so far. At the moment there are over 400,000 users registered with the service.

CEO of TrialPay about PayPal, Bill Me Later and other

ayny — Tue, 30 Sep 2008 12:22:18 +0200

As consumers tighten their budgets, some e-commerce retailers may feel the pinch. To avoid being buried under a mountain of abandoned shopping carts, online vendors should consider offering alternative payment options that give the buyer more convenience, flexibility and security, writes TrialPay CEO Alex Rampell.

Some thoughts about AlterGold, its removed blog and fake newsletters

ayny — Fri, 26 Sep 2008 22:14:46 +0200

Almost three weeks ago when AlterGold payment system has sent the message about the system update everybody though that with a new admin they have got a new system. In that update a new admin has described vividly all the new advantages and features of the system however it has courted controversy. The thing is that the newsletters were describing all the updates intended to improve the system and to make it a super processor however one point has spoiled everything:

LibertyReserve payment processor: hot questions and obvious answers

ayny — Thu, 25 Sep 2008 16:32:31 +0200

Since the moment it became clear that e-gold is no longer a leader and that it will never be the same again the Internet community started seeking for the processor that can replace e-gold. The search didn’t last long and some people say that today LibertyReserve is a really good payment processor but for some “butS” and “howeverS”…

BillMatrix – outsourced alternative payment services

lexus — Tue, 16 Sep 2008 17:45:45 +0200

BillMatrix is a financial services organization specializing in the field of alternative payments solutions. The company was founded in 1994 and in 2005 it was acquired by Fiserv Inc. for about $350 million. Headquartered in Dallas, Texas, BillMatrix maintains regional sales offices in Atlanta, Chicago, Hartford, Indianapolis, and Santa Fe.

A photo report from the place where we failed to find the office of AG

ayny — Tue, 16 Sep 2008 05:53:59 +0200

We couldn’t ignore the doubts of our dear readers about the office of AlterGold and in addition to the due diligence of Digital Group presented on the market under the brand of AlterGold, we have sent our correspondent to Panama to the address specified on the website of AlterGold for the details.

PayPal's IPN solution for businesses without merchant account

Michael — Mon, 08 Sep 2008 12:27:46 +0200

The advantage of having a merchant account is that it allows customers to pay without leaving the retailer’s site and there is almost no limit to the ways that a merchant can build specific functionality related to payments that makes business easier for customers and a business.

Yet there is a solution even for those who don’t have a merchant account. Such retailers can avail of PayPal's Instant Payment Notification (IPN) system.

AlterGold deceives you! They have neither license nor office. Be careful! Part 2

ayny — Mon, 01 Sep 2008 21:04:59 +0200

AlterGold has no license for the work with the finances of the third parties. This company doesn’t exist for 3 years as it has been stated on their website. How does Alter Gold deceive its customers and lead the Internet users on in the second part of the journalistic investigation directed against AlterGold payment system.

Some thoughts about e-gold

ayny — Mon, 01 Sep 2008 19:10:00 +0200

The criminal case of E-Gold, an internet company that allows users to make exchanges using gold as currency, highlights basic questions about both justice and the proper scope of policing.

America is very far from being a free country. Indeed, America is moving in the opposite direction. At some point – and I, for one, would say that point is now – the U.S. becomes a police state or, at the very least, a "soft" police state.

WebMoney has ruined exchange business, what next?

ayny — Wed, 27 Aug 2008 16:12:07 +0200

Unlike the Russian users the clients of WebMoney don’t exude any optimism regarding the situation with the exchange of WebMoney. Just imagine: you do some business online and pay, for example, in LibertyReserve or Perfect Money but suddenly your contractor tells you that he or she will cut a deal only when paid in WebMoney. Where will you go to exchange your e-currency? Nowhere.

Strange silence policy of PayPal

ayny — Tue, 26 Aug 2008 15:54:56 +0200

After the collapse of EBS International, which trades on eBay as eBusiness Supplies PayPal made a statement that all customers caught out by the collapse of a major eBay seller were refunded but later the payment processor refused to comment on details and disclose the exact number of those who were reimbursed.

AlterGold is a scam of the epoch? Or it’s a new fraud machine…Part 1

ayny — Fri, 22 Aug 2008 09:32:25 +0200

“AlterGold is part of a new trend - scamming e-currencies,” – said one of the forum users on the Internet, characterizing AlterGold payment system. Lately, the reporters of Ecommerce Journal have noted the increasing displeasure with AlterGold.com. Many users openly accuse the payment processor of fraud and all vied in telling various cases of fraud. The team of Ecommerce Journal could not afford to stand back and made an independent investigation, having involved the independent experts to analyze the situation.

E-gold comeback…Is it real?

ayny — Wed, 20 Aug 2008 17:48:36 +0200

”It’s unreal!” – will say every second person. According to the estimates of the ECJ specialists the comeback of E-gold is unlikely in the near and the longer term. It was proven that the trials usually last for months and even the success may have a pernicious influence in the future. And we shouldn’t forget that e-gold can rise from the ashes only if it will offer the market either something absolutely new or provide all the guarantees of its further ability to work.

The E-bullion Saga

ayny — Mon, 18 Aug 2008 19:31:38 +0200

What is going on??? Probably today it is one of the most popular questions in the e-commerce society. Unfortunately the reporters of ECJ are not the wizards to enter the mind of the investigators who prefer to keep mum, the mind of the killer who dared to stab Pamela Fayed and the mastermind’s one. At the moment we cannot tell all the truth about murder. We can only state the facts… However we are more interested not in the murder itself but in the fate of e-bullion the fate of which is closely connected with this murder.

PayPal wants to double its employment in Austin

Fri, 15 Aug 2008 15:35:17 +0200

In a little over a year in Central Texas, PayPal has grown to 200 people, most of them software developers, at its new Northwest Austin technology center.

Now, the online payments company wants to double its employment here by the end of this year.

Chief executive Scott Thompson offered explanations for the expansion: His company is growing fast, it needs more technical workers and it likes what it sees in Austin.

What kind of people use paypal, moneybookers and other online payment options?

newb13 — Tue, 12 Aug 2008 09:51:07 +0200

There are surprising demographics. It is not only those who don’t have a credit card, or who are cautious about putting credit card details online. More companies are using it to pay suppliers or freelancers who do work for them. Its a good way for a company to hold some funds in an account for that purpose, thus removing all those movements from the regular bank account.

E-bullion under the knife of a killer

ayny — Wed, 06 Aug 2008 12:58:07 +0200

This story is more likely to be the plot for a detective story or the filmscript than the real events. Unfortunately almost all the films are based on the reality that is far from being a beautiful and colorful one.

That tragic day nothing was threatening and Pamela Fayed, may be not very rich, but one of the most well fixed persons of the US, leaving her house even had no clue that she will never return there.

Online Tax Payment

Financial king — Mon, 28 Jul 2008 13:38:38 +0200

Online tax payment is a faster, easier and perhaps, the safest of all other options you may have been considering. In a matter of minutes, you'll be done with your tax remission unlike time taking procedures when you have to take time off to go to the tax payer's shop. And with online tax payment, confirmation from the taxman that your transaction was successful and they have your remissions comes right there - on your screen!

Some thoughts about e-gold...

ayny — Wed, 23 Jul 2008 19:13:50 +0200

So it happens that it is not the first time we cover e-gold problem on the pages of our journal. Not sooner had the hype with the fake press release about the bankruptcy of e-gold simmered down, then new shocking news has struck the public. According to the press release issued by usdoj.gov e-gold was again charged with money laundering and unlicensed money transmitting business. Due to the last news e-gold today is the most discussed topic on all forums.

E-gold...No comments

lexus — Wed, 23 Jul 2008 13:01:20 +0200

https://www.e-gold.com/newacct/

eTranzact - a rising star of Nigeria

ayny — Wed, 16 Jul 2008 11:45:39 +0200

The journey to a cashless society must have been delayed in Africa but the flight that has since begun is bound to be in quantum leaps. At the forefront of this desirable project of a cashless African society is eTranzact, Nigeria’s first multi-channel real-time payment platform. Though some believe that there can never be a truly cashless society, many others share the dissenting view that e-commerce is the future. e-Commerce has gradually dovetailed into mobile banking and mobile commerce.

ChronoPay – top processing company in EMEA region

ayny — Mon, 14 Jul 2008 14:28:32 +0200

ChronoPay started its work in Russia in 2005. The company is headquartered in Holland with branches in Spain and Latvia. ChronoPay processing platform is integrated in the systems of several acquirers. The company is partnering with Pago eTransaction Services, the German company providing a full scale of services in plastic cards payments acceptance and processing.

E-gold is a bankrupt. What is going on?

ayny — Tue, 08 Jul 2008 12:52:02 +0200

The newsfeeds of the whole Internet have shocked everyone with news about the bankruptcy of E-gold. What is it and regard such statement made by the administration of E-gold?

About 1PM New York time in the newsfeed of Google News appeared a press release with a link to http://www.newsguide.us/business/e-commerce/E-gold-Ltd-and-Gold-Silver-R..., published on behalf of the owners of E-gold Ltd.

AsianPay – a different solution for Asians

ayny — Mon, 07 Jul 2008 14:41:56 +0200

“Basically, we are the difference. That is to say, we firmly believe that it is the people working behind the scenes that make us different. We all come from different experiences, but we all have the aim to build a safe community where honest people doing business on Internet can deal without wondering about the safety of their money or of their sensitive information.

AsianPay - “Slow but safest Payment Processor”

ayny — Fri, 27 Jun 2008 15:26:53 +0200

AsianPay Co. Ltd was registered in Thailand on August 30th, 2005 and started its official operations on September 1st, 2005 after a 3 months pre-launch testing period. It was founded by Mr. Carlo Sorio – Italian, living in Thailand since 1999, Mr. Raymond Conduit – U.K Citizen living in Thailand and Dr.

Visa vs. Mastercard

ayny — Thu, 26 Jun 2008 15:50:13 +0200

Confrontation... This word has a lot of meanings, and probably most of them are familiar to you. Confrontations can be honest and dishonest, serious and friendly, and even eternal.

Something more about CyberBit

fionix — Fri, 20 Jun 2008 09:26:02 +0200

Shoppers today expect convenience, simplicity, and a selection of payment methods for them to choose from. Payment by credit card is by far the most popular payment of choice and if a merchant doesn’t offer this, the consumer will simply go elsewhere; competition is fierce.

Tip2Pay: swipe your finger and get your purchse!

ayny — Wed, 18 Jun 2008 14:04:00 +0200

Yesterday one of the largest payment processors in Europe, Equens ,and supermarket chain, Albert Heijn, has started a pilot with Tip2Pay, a new method of payment by means of fingertips, which have never been used before in the Netherlands. A pilot will last for half a year in the chain of supermarkets, Albert Heijn, during which the originators want to see the reaction of the population towards the innovative technology. After 6 moths a final decision will be taken.

Practical course in 2CO

ayny — Tue, 10 Jun 2008 21:53:31 +0200

2CheckOut.com is a company with almost a ten year history. Founded in 1999 by David A. Homewood the company became a Better Business Bureau member on August 21, 2001 and on September 10, 2001 it was approved for BBBOnLine's trustmark. At present time 2CO is located in Columbus, Ohio.

2CheckOut.com - primary choice option for online merchants

ayny — Wed, 04 Jun 2008 19:37:37 +0200

If you are planning to open your own online shop, there is a number of important steps you should take. First, you need to decide how you are going to process your customer payments. As per sitepoint.com this is the most critical decision. ”You can choose to process the orders yourself using a true merchant account, or use a third-party processor. The method that you decide on could affect the implementation of your entire web site.”