eCommerce Journal - Learning more about virtual economy - Other themes

Yahoo launches a new e-commerce website

ayny — Tue, 14 Oct 2008 12:25:35 +0200

IndiaNIC Infotech Ltd has informed about the negotiations it holds with Yahoo for designing Indian version of Yahoo’s e-commerce website. It will be not the first time collaboration. Previously IndiaNIC Infotech Ltd has designed the similar sites for Yahoo in the US and Canada. The owners of Yahoo explain their choice by the cheap labor in India.

New features of Bill.com to facilitate online bill payments

ayny — Tue, 14 Oct 2008 10:45:51 +0200

Several upgrades were introduced by Bill.com, Inc., a Software as a Service(SaaS) company providing businesses on-demand accounts payable software with its revised solutions.

The new features were designed to meet the business needs in approving and paying bills in a highly efficient yet secure and controlled manner.

Tough holiday season awaiting eBay

ayny — Mon, 13 Oct 2008 16:20:27 +0200

According to financial experts this year Christmas shopping season may turn out to be challenging for eBay and other e-commerce companies who struggle for a place in the market.

The analysts say that those customers who do not like to resort to malls when shopping will unlikely to look for online sellers irrespective of potential bargains.

PayPal delays the payments. eBay leaves Poland. What happens?

ayny — Mon, 13 Oct 2008 11:19:10 +0200

Something definitely happens to eBay and its main subsidiary PayPal. Along with some innovations we get some news that is far from being exciting. So, last we some users of the PayPal failed to get the payments they’d done to top up their cards. The payment made on Wednesday was credited to their cards only on Saturday. The company didn’t comment the incident.

Gaming industry in the UK distrusted despite high security level

ayny — Mon, 13 Oct 2008 10:13:37 +0200

A new research conducted by online market research firm the iD Factor suggests that customers in the UK have less confidence in online gaming industry than in any other sector. About 50% of the population expressed their doubt as regards to gaming businesses’ ability to protect their identity.

Zopa fights against credit crisis

ayny — Fri, 10 Oct 2008 15:27:47 +0200

In spite of the credit crunch raging across the globe borrowers and lenders in the UK show much interest in loan market as reports UK P2P loan market pioneer Zopa. Within the period of July and September 3700 borrowers joined the system against 2500 a month in the previous quarter.

The trend is explained by the customers’ search for alternative loan options as the banks are tightening their lending criteria says Sarah Kennedy, head, customer proposition, Zopa.

Alibaba will promote its Winport with Chinese Home Inns

ayny — Fri, 10 Oct 2008 11:05:55 +0200

To promote its Winport product Alibaba.com decided to partner with the budget hotel chain Home Inns, including over 400 hotels in 90 cities in China.

According to the information on the blog during the cooperative period, Alibaba will freely offer a one-year access of its corporate website product Winport with a market price of CNY980 to Home Inn's new small and medium enterprise clients.

The European Commission prepares a set on rights for online shoppers

ayny — Fri, 10 Oct 2008 10:34:29 +0200

Though existing long enough the online economy still lacks the regulation. Many people simply don’t know that to do, what rights do they have and what should they do if something happens.

E-payment top-up service for mobile phone users provided by Nawras

ayny — Fri, 10 Oct 2008 10:14:44 +0200

A new e-payment service is introduced in the Kingdom of Oman by Omani mobile operator Nawras. The service will allow postpaid customers to pay their mobile bills online while prepaid customers will be enabled to top-up their credit.

In order to settle Nawras Ajel account or recharge their Nawras Mousbak users can make payments by means of Visa or MasterCard cards.

Poker is about to leave the UK

ayny — Fri, 10 Oct 2008 10:05:07 +0200

Online gambling in any form is usually popular in today's world of computers, but online bingo in the UK is taking on a life of its own with around three million players a year.

The UK has become the safe haven for online bingo operators. There are currently over 300 operators that have sites, and many of them may be looking to move outside of the UK.

Malaysia's CIMB Bank to offer Western Union online

ayny — Thu, 09 Oct 2008 13:18:16 +0200

Money transfer services through internet banking will be for the first time offered to the customers of Malaysia. Malaysia's CIMB Bank this week became the second bank in the world after Canada's Scotia Bank to offer Western Union money transfer services online.

Under the deal CIMB Clicks users will be enabled to send cash anytime, anywhere with secure online access.

Major e-payment brands available to First Data customers

ayny — Thu, 09 Oct 2008 11:23:13 +0200

To provide a complete eCommerce solution for authentication programs and alternative payment brands to its merchants First Data, a global leader in electronic commerce and payment services joined its forces with CardinalCommerce Corporation, the worldwide leading provider of payment brands.

New CREDITZ API platform announced

ayny — Thu, 09 Oct 2008 11:21:20 +0200

A new Merchant API (Application Programming Interface) Version 1.3 was recently released by CEO America, Inc., exclusive US licensee of CREDITZ(R) Digital Currency to provide online merchants and marketers with the next generation of online intelligent electronic payment in the US.

Online gambling can bring jobs in Ireland

ayny — Thu, 09 Oct 2008 10:59:36 +0200

Ireland is considering the use of Internet casino regulations as a way to provide jobs and stimulate the economy in contrast with the United States where some groups are fiercely fighting against online gambling regulations.

A petition was submitted to the government by the Gaming and Leisure Association of Ireland to call upon creating public casinos and regulating the business sector in the country.

A solution for online invoicing

ayny — Thu, 09 Oct 2008 10:57:29 +0200

An Online Invoicing and Billing management service named WinkBill.com is being introduced by Classic Informatics Private Limited. With the new product users will be able to create, send and manage invoices easily. The solution is intended to individuals, small and medium scale businesses looking for online invoicing solution.

Taobao gets funding from its parent company

ayny — Wed, 08 Oct 2008 13:33:26 +0200

A RMB5 billion (US$732 million) investment will be made into Taobao, China's largest consumer e- commerce company on the part of its parent company, Alibaba Group over the next five years to further strengthen the Taobao marketplace as the shopping destination of choice for Chinese consumers.

Integrated solutions of Mitek Systems and AnyDoc Software

ayny — Wed, 08 Oct 2008 11:32:44 +0200

An OEM (original equipment manufacturer) agreement was announced between Mitek Systems, a provider of image analytics and mobile imaging software and AnyDoc Software, a developer of document and data capture technology.

Under the deal Mitek's specialized ImageNet Payments check engine platform will be integrated into AnyDoc's Infiniworx solution for automated remittance, check, and Check 21 processing.

Billers expediting their receivables with IPayX

ayny — Wed, 08 Oct 2008 11:32:04 +0200

Internet Payment Exchange (IPay), a Toledo, Ohio-based provider of electronic billing and payment (EBP) and customer service solutions to healthcare providers, utility companies, municipal governments and other organizations introduced its Check Intercept, a software solution that intercepts paper-based checks drafted from payment clearinghouses and converts them into electronic payments.

YouTube, iTunes and Amazon team for a new eCommerce Platform

ayny — Wed, 08 Oct 2008 10:16:11 +0200

YouTube, the leading online video community that allows people to discover, watch and share originally created videos, today announced a collaboration with iTunes and Amazon.com that offers the YouTube community direct access to buy and download music, games, and other products with a few clicks of a mouse. This is a first step to building a broader eCommerce platform for content partners and users on YouTube.

Alibaba Group recruits the specialists from Silicon Valley

ayny — Tue, 07 Oct 2008 12:30:03 +0200

Alibaba Group has revealed its plans and announced about its intention to hire 3,000 technology talents worldwide.

According to chinabyte.com 2,000 positions of those 3,000 are meant for Hong Kong-listed Alibaba company and others for various subsidiaries of the group such as Taobao, Alipay and Alisoft.

Actually this program began in the beginning of this year. There are some results. So, Peng Lei, chief human resources officer of Alibaba Group, said that they have already hired several technical experts from Silicon Valley.

PayPort Solution was awarded

ayny — Tue, 07 Oct 2008 12:24:20 +0200

Idaho's flexible payment solution PayPort was named by the Center for Digital Government as one of the best government-to-citizens solutions in the nation in its 2008 Best of the Web Digital Government Achievement Awards.

PayPort allows state and local government agencies to accept credit and debit card payments via the Web, telephone, fax, and over-the-counter transactions at government offices. It accepts American Express, Discover, MasterCard, and Visa payments.

More police officers are trained under eBay program

ayny — Tue, 07 Oct 2008 12:22:21 +0200

This week on October 9 eBay’s Fraud Investigations Team is going to train 120 police officers so as to enhance their comprehension of eBay site.

According to Detective Chief Inspector Dean Fraser of Greater Manchester Police this training will help the police to be ‘as knowledgeable about eBay, and the internet in general, as the criminals who use it to defraud innocent people’ which will in turn lead to better capture of offenders.

New bonuses in Winward casino

ayny — Tue, 07 Oct 2008 12:04:09 +0200

Having seen the result of a successful promotion the online casino Winward decided to extend it and to continue in October. In October the users will be able to benefit from the various bonus programs and special offers.

The greatest bonus offered by Winward casino is 86% bonus granted on every deposit made. Another special bonus is paid on Friday when a user makes a deposit of $50 or more. On Wednesday the users the users can benefit from additional 10% bonus paid on the deposit.

SMBs in China extending their business with e-commerce

ayny — Tue, 07 Oct 2008 11:08:44 +0200

Daniel Sim, country head of AMI (Access Markets International) Partners China forecasts that by the end of 2008 45% more Chinese SMBs (small and midsize businesses) will operate e-commerce Web sites against the figures of the previous year. In 2007 there were 135,000 SMBs in China with e-commerce facility while this year is expected to see 200,000 and the figure is predicted to grow to 370,000 SMBs by 2010.

Czech Republic launches its first legalized online casino

ayny — Mon, 06 Oct 2008 15:51:54 +0200

Czech Republic is about to open its doors to online gaming. These days Sazka, Czech lottery company, has announced the coming launch of the first fun-gaming online casino. It is necessary to mark that the company is going to legalize its casino.

Sazka hopes to realize its plans very soon and thinks that the coming parliamentary vote scheduled for the last quarter of 2008 will help it.

First users subscribed for new services of Baidu

ayny — Mon, 06 Oct 2008 10:58:07 +0200

Chinese search engine 's e-commerce platform now supports C2C services that can be used by the first batch of 10,000 contracted customers. In comparison with rival Chinese C2C platform Taobao.com it is features the consistent simple and direct style. Known as mall.baidu.com, the platform will eventually be independent with its own domain name. But on the course of its being not fully opened it will currently use a second-tier domain name of Baidu.

Convenient payment solution for mobile workers

ayny — Mon, 06 Oct 2008 10:57:24 +0200

Secure credit card payment functionality provided by CHARGE Anywhere, a leading provider of secure Point of Sale (POS) solutions and electronic payment services is now available on Agilis Systems' software. Agilis, an industry leading Mobile Resource Management (MRM) solutions provider is to incorporate secure payment feature as a component of their software offerings to customers.

Hurry up! New bonus program from Casino.com

ayny — Mon, 06 Oct 2008 10:43:24 +0200

Casino.com has announced its October bonus program with a very symbolic name October Revolution.

One of the items of this program is 1,000,000 Giveaway Lottery in which one million comp points will be awarded to various patrons of the successful online gambling site. There is no necessity to purchase any tickets as they are acquired automatically with every deposit. The administration assures that the weekly random draw can bring the users some amount ranging from 50 to 50,000.

UK online gamblers fed up with optimistic predictions

ayny — Mon, 06 Oct 2008 10:19:15 +0200

In the UK gambling consultancy Global Betting and Gaming Consultants (GBGC) made forecasts on a cheerful future of online gambling irrespective of the current economy downturn in the world. Chief Executive Warwick Bartlett predicted that the world’s gambling market would grow from $345 billion in 2007 to US$433 billion by 2012 as a result of players' inclination to stay home and save on transport costs to land casinos.

General tips to make the Internet users to buy your products

ayny — Mon, 06 Oct 2008 10:14:42 +0200

Studies show that the Internet influences more than US$3 of in-store sales for every dollar spent online. The Internet has given consumers the ability to make more educated purchases and get better deals, but many consumers still prefer to buy a product at a local store. Therefore, retailers need to develop an online marketing strategy that focus not only on selling customers online but also driving them to their retail store.