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22 Apr 2004 01:57 AM
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eBay handily tops Q1, raises 2004 goals :
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eBay (EBAY) said late Wednesday that earnings nearly doubled to $200 million, or 30 cents per share, in the first quarter, from a profit of $104 million, or 16 cents per share in the year-ago period. Excluding certain items, eBay earned 31 cents per share, vs. the consensus estimate of 26 cents. The online
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20 Apr 2004 06:38 AM
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Fraud In EU Accession States Low, But Increasing:
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New EU accession states such as Hungary, Poland and other eastern European countries, already lead western European countries in fighting bankcard fraud, according to Visa International’s Radu Obreja. Card fraud in the states joining the EU on May 1, 2004, totaled 0.05 per cent of total transactions in Q2, 2003,
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20 Apr 2004 06:37 AM
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Chinese Banks Enable Cross-Border eCommerce:
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Two Asia-based payment networks, NETS (Network for Electronic Transfers Singapore) and Hong Kong’s Universal Payment, are to enable 360 million customers of 21 Chinese banks, to shop at Singaporean e-tailers who currently accept eNets debit cards from participating banks. Of the 110 e-tailers in
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20 Apr 2004 06:35 AM
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E-Money Volume Small, Despite Greater Card Use:
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20 Apr 2004 06:34 AM
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Fees For Plastic Cards Hit Consumers' Pockets:
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US consumers can easily pay over USD 300 per year in fees and interest on the payment cards in their wallets as banks seek new revenue streams, the New York Public Interest Research Group (NYPIRG) is advising. Banks are looking to fees from investment banking, deposit accounts and money management services to
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20 Apr 2004 06:19 AM
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Denmark tops e-business rankings:
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As the price of new technology drops, the more businesses use it
Denmark is the best place in the world for e-commerce with its Nordic neighbours not far behind, an Economist Intelligence Unit report has found.
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14 Apr 2004 03:10 AM
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Gift Cards An Opportunity For Credit Card Issuers:
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Bank-issued gift cards and other prepaid products represent the next significant market opportunity for credit card schemes Visa, MasterCard and Amex, according to a recent report from TowerGroup. With payments on gift cards predicted to exceed USD 73 billion by 2007, the card issuers are plugging their own products and in fact TowerGroup expects bank-issued gift cards to
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14 Apr 2004 03:10 AM
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E-Tailers Not Optimizing Full Online Sales Potential:
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Top managers at 84 per cent of 300 online retailers recently surveyed by Internet consulting group, The E-Tailing Group, are satisfied with the return on investment from their eCommerce ventures. Eighty-seven per cent had also integrated online sales into their core operations, with most selling goods
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14 Apr 2004 03:10 AM
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Banks See Potential In Biometric Authentication :
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Banks faced with the challenge of authenticating their customers online and facilitating secure payments are looking to biometric technologies such as fingerprint authentication for reliability. In November 2003, for instance, United Banker’s Bank, aware that its customers are other banks, began rolling
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13 Apr 2004 02:13 AM
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Forex News:
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The yen rose against the dollar on Tuesday as Tokyo stocks hit fresh 32-month highs and traders played down the possibility that a drawn-out hostage crisis in Iraq could lead to political turmoil in Japan.
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09 Apr 2004 05:22 AM
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Banks Find Online Bill Payers Twice As Profitable:
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By 2006, 65 million US consumers will view their monthly bills online, according to Gartner Group, but banks and billers need to collaborate for the industry to realize its true potential while meeting customer requirements. Although consumers trust banks as repositories for their capital, free e-billing services at service providers are an enticement to pay online bills at these websites and not at banks’ sites. With Boston Consulting Group finding bank customers who pay bills online, to be twice as profitable as others, banks
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09 Apr 2004 05:22 AM
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Insiders Responsible For Much Asia-Pacific Fraud:
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Banks in Indonesia, Malaysia and Singapore have confirmed that card fraud is increasing in the region, but Indonesian police lack the resources to respond, according to Islam Online.net. Card fraud investigator, Vandana Aman, has set up office in Jakarta to gauge the extent of illegal card activity in the Asia-Pacific, and confirms Interpol’s involvement in several cases affecting card
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09 Apr 2004 05:22 AM
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Banks May Consolidate Their Systems After SEPA:
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Europe’s banks must realize that the Single Euro Payment Area (SEPA) is compulsory for the program to achieve its 2010 goal of delivering standardized banking products to a pan-Europe population, according to Eric Sepkes, a VP at Citigroup. Until now, cross-border transactions have been a small proportion of banks’ retail payments business, but this volume is expected to rise by 2007. Cross-border direct debits
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07 Apr 2004 03:59 AM
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Multi-Channel Retailers Offer Alternative Payments:
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The “Bill Me Later” e-payment solution from I4 Commerce has received mixed reviews due to requiring the last four digits of individuals’ social security numbers, but consumers also welcome the ability to pay for purchases later. Security concerns cause many consumers to avoid shopping online, says Tower Group analyst, George Tubin, and I4 Commerce is reacting by offering an alternative payment option. In a recent Jupiter Research survey, for instance,
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07 Apr 2004 03:58 AM
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Card Issuers See Frequent Use As Key To Profits:
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With fast-food restaurants representing an USD 138 billion opportunity for the cashless payment market, McDonald’s move to facilitate card payments at its stores, stands to catalyze the volume of low-value payments. In line with its push for card payments, McDonald’s, which accepted ExxonMobil Speedpass payments for three years at 440 Chicago-area stores, is to discontinue its Speedpass program from June 30, 2004
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