Category: Payments

Payments

CEO Says Google Won’t Compete With PayPal

Colin Henderson

CEO Says Google Won’t Compete With PayPal – Yahoo! News

By MICHAEL LIEDTKE, AP Business Writer Tue Jun 21, 7:23 PM ET

SAN FRANCISCO – Google Inc. CEO Eric Schmidt on Tuesday denied recent media and analyst reports that the online search engine leader is gearing up to compete directly with eBay Inc.’s pioneering PayPal service, although he acknowledged some kind of electronic payment product is in the works.
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Payments

Google “Wallet”

Colin Henderson

The unofficial googleweblog is noting Googles rumoured entry into payments. Got this from Scoble. This ties nicely into the payments news and my Amazon story. I think I need a payments category. Online Merchants React to Google “Wallet” – The Unofficial Google Weblog – google.weblogsinc.com _ Posted Jun 20, 2005, 10:29 AM ET by Brad Hill The NY Times is running a somewhat interesting piece charting the source of the Google online payment service rumor. The supposed service has come up in an investor meeting, and of course the WSJ broke the story last Friday. Further, SEW reported that Google … Continue reading Google “Wallet”

Payments

Payment accepted – Amazon

Colin Henderson

Banks make money in two ways: – Interest on balances – Transaction fees on moving money The first is well under seige from many secondary insitutions, financial planners, and brokers. But the threat to the second one is less well understood. Credit cards are a major source of transactional revenue for Banks. Deep in this article is the comment that Amazon are considering getting into the payments space, and not through Paypal. If we let our minds wander, consider the attractiveness of an Amazon card – it could be used online, or offline. Its usability online would far surpass anything … Continue reading Payment accepted – Amazon

Payments

GPayments introduces secure browser for online authentication

Colin Henderson

Finextra: GPayments introduces secure browser for online authentication

GPayments, the leading Australian-based authentication and payment solution company, has developed a solution which provides Internet users with a secure browser, allowing them to perform confidential tasks, such as Internet banking, with confidence and security.
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Payments

Interac Association Submission to the Department of Finance Regarding ABM Full Functionality

Colin Henderson

Response to Finance Canada’s Large Bank Mergers in Canada

Introduction
December 2003
Interac Association is pleased to provide this submission in response to the government’s invitation to comment on the financial sector issues identified in its response to the Parliamentary committees that studied large bank mergers and the public interest. While the government’s June 2003 consultation paper discussed several issues relating to the competitive landscape, our submission focuses on the issue of full functionality of automated banking machines (ABMs), in light of the significance of this issue to the Association and our members. As detailed in the government’s June report, the aim of full functionality would be to enable individuals and small businesses “to conduct the full range of banking activities (e.g. deposits, withdrawals, bill payments, etc.) at any banking machine of their choice, regardless of institution or location.”
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