Britain, UK news from The Times and The Sunday Times – Times Online
By Philip Webster and David Charter
CHARLES CLARKE promised to set a maximum figure for the cost of an identity card as he hinted at a string of concessions to secure a narrow victory for the legislation last night.
Continue reading “Embattled Clarke’s vow to cap cost wins vote on ID cards”
Finextra: European banks to increase IT spending on e-banking
European banks are set to spend $3 billion on Internet banking technology by 2008, according to research by Datamonitor.
According to the study, 2005 will see banks entering the e-banking platform upgrade cycle as they will look to improve the functionality and usability of Web sites and enhance integration with other channels.
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Technology Finding New Ways to Pay – Yahoo! News
By CATHERINE TSAI, AP Business Writer 1 hour, 5 minutes ago
DENVER – Quicker. More secure. More fun. Stores, credit card companies and banks are giving consumers new ways to pay in the latest evolution of cashless payments.
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Chase Bank recently rolled out credit cards with “blink” technology that lets users wave their cards near a computer reader instead of having to swipe them through a device. Cards never leave customers’ hands.
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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.
Continue reading “CEO Says Google Won’t Compete With PayPal”
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”
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
Finextra: analysis – Net threat
The Internet threat to the traditional banking business seemed to have dissipated with the dot com collapse of five years ago. The online space – once the preserve of new-fangled business ventures with outlandish names – has since been colonised by established brands.
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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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Fortune 75 – Make Better Decisions! – FORTUNE – Page
Nine decision-making pitfalls—and nine simple devices to beat them.
By Michael Useem and Jerry Useem
Continue reading “Great Escapes”
eBay | Anniversary lessons from eBay | Economist.com
Jun 9th 2005
From The Economist print edition
A lot can be learnt from one of the most successful companies on the internet
TEN years ago, Pierre Omidyar, a software engineer working in California’s Silicon Valley, began thinking about how to use the internet for a trading system in which buyers and sellers could establish a genuine market price. Over a long holiday weekend he wrote the computer code. At first, a trickle of users arrived at his website including his girlfriend, who traded PEZ candy dispensers. By the end of 1995, several thousand auctions had been completed and interest in eBay was growing. And it grew and grew (see article). From this modest beginning, eBay has become a global giant, with around 150m registered users worldwide who are set to buy and sell goods worth more than $40 billion this year.
Continue reading “Anniversary lessons from eBay”
