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E-Business News

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Forbes.com: E-Business News  Out With The Old At Aol Layoffs begin at the Internet company. Murdoch 1, Google 0 The Internet giant released new tools that give news publishers more control over the search engine. Digg Bets Big On A New API The social media company aims to make developing for its platform easier. King of Pop Tops Search Engines Michael Jackson was the most-searched phrase in 2009. The Pirate Bay's Heir Apparent As the world's biggest file-sharing sites clean up or shut down, all eyes are on isoHunt. Microsoft, Nielsen Track Xbox Live Ads TV ratings will be used on the videogame console network. AOL: All Eyes On Armstrong Will Time Warner's spinoff be a good thing for the Internet company? An iPhone App That Could Change Medicine Allscripts Remote lets doctors access real-time patient data and e-mail prescriptions to pharmacies. Google Keeps Disrupting Will the company unveil its highly anticipated Chrome OS next week? Will it be a dud? Best Buy To Stream Video In Electronics Retailer embeds Sonic Solutions' Roxio CinemaNow video service in TVs, Blu-ray players and more. LinkedIn Founder Joins VC Firm Reid Hoffman joins Greylock Partners as it announces $575 million fund. Tech's Would-Be Takeover Con Artist A stockbroker allegedly created phony takeovers by Microsoft and Google. Yahoo!'s Metrics System With a new look, the Web portal seeks new ways to measure us. Microsoft Loops In Facebook, Twitter Bing search engine indexes Facebook status updates. Yahoo's Next Chapter Expectations are for a mediocre third quarter. It's Google's Quarter To Lose Expectations are high for Thursday's earnings. A Web Of Engagement How to measure customer engagement online and use the data to drive business. Google's Ad Gadfly Harvard prof Ben Edelman is preparing the world's biggest catalogue of typosquatters. Sony Gets 'Vicious' For App Store PSP Minis take cues from Apple. Joost Says It Was Squeezed Skype founders accuse Mike Volpi of using trade secrets to sell Skype to investors.

Computerworld E-business News  Q&A: Santos CIO Hugh Banister CIO spoke exclusively to Hugh Banister, CIO at gas supplier Santos, about the challenge he faces in his role, what his average work day looks like and some of the IT projects Santos is working on. Facebook calls ownership contract a 'forgery' Facebook is going one step further in its fight against the man who says the company's founder and CEO Mark Zuckerberg signed away ownership of 84% of the social networking site seven years ago. Sutus Business Central 200 One of a new business's first steps is to install office tools for day-to-day communications, including a router with wireless access, phone lines, and a file server. The Sutus Business Central 200 combines these devices in a single appliance, simplifying setup and helping you avoid having to configure multiple pieces of unrelated gear individually. Lawmakers get mixed reaction to Web privacy bill An online privacy bill introduced in the U.S. Congress this week received mixed reviews at a subcommittee hearing Thursday, with representatives of two trade groups saying the bill would put unnecessary regulations on the Internet advertising industry. When taking stock of performance, beware the benchmarking blues Done well, benchmarks provide a basis for sound decision making. Yet, badly crafted benchmarks are remarkably common. Even worse, a poorly crafted benchmark can intuitively look like a good one, thereby discouraging a deeper benchmarking evaluation that could deliver superior results. Q&A: Mark Cohen, CIO for DealsDirect.com.au CIO sits down for five minutes with Mark Cohen, CIO for online store DealsDirect.com.au, to discuss the projects he's working on, his take on the big issues affecting CIOs and his favourite tech-gaget. More E-business News View more E-business news and analysis from Computerworld.com

Payments News - from Glenbrook Partners Thu, 29 Jul 2010 18:33:27 -0700 Credit Card Data Portability DataPortability.org, the largest data portability group on the U.S., has recently embraced credit card data portability as one of its key initiative areas, and has blogged about it here. The Credit Card Data Portability Standard is supported by an opt-in community of electronic payment processing providers (service providers) that agree to provide credit card data and associated transaction information (sensitive data) to an existing merchant upon request in a PCI Compliant manner. Guardian Analytics Launches Industry Roundtable Series Guardian Analytics recently announced the formation of an industry roundtable created to drive information sharing among financial institutions, law enforcement and industry experts. At their first industry roundtable participants shared "trends in threats and fraud attacks against the online and mobile channels and discussed trends in the online and mobile channels, the need to balance security with customer convenience, and the use of customer data as they key to defending against new and emerging cyber attacks." Internet Crooks Craft Creative Counterfeiting Scam Check fraud seems so old fashioned these days. But as this story points out, "these hackers got the account information in an unusual way: They broke into three websites that specialize in a little-known type of business — archiving check images online." Headline News - July 29, 2010 Headline News is brought to you by Glenbrook Partners: MasterCard and Smart Hub Appoint Tara Nathan to Lead Global Joint Venture BBVA Compass Extends Multi-Year Contract for CheckFree Bill Payment Solution Citi Extends Industry-leading Commercial Card Global Footprint Bunker-busting ATM attacks show security holes Digital Transactions: The Emerging Case for a Rules Change to Force Same-Day ACH Huffington Post: Sam Shrauger: Direct Monetization of Digital Content NetBanker: Flash Marketing Addendum: Co-branded Payments Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers seeking to hire payments professionals can... Visa Reports Fiscal Third Quarter 2010 Financial Results Visa has announced financial results for its fiscal third quarter 2010 ended June 30, 2010 with GAAP net operating revenue in the fiscal third quarter of 2010 of $2.0 billion, an increase of 23% over the prior year. According to Visa, revenue was "driven by strong contributions across all revenue categories, in particular data processing and international transaction revenues." Some highlights: Payments volume growth, on a constant dollar basis for the three months ended March 31, 2009 on which fiscal third quarter service revenue is recognized, was a positive 13% over the prior year at $745 billion. Payments volume growth,... Cybercrime Fact or Fiction Charles Jester has an interesting article in SC Magazine entitled "Cybercrime Fact or Fiction, Part 1: Banking Trojans and FinCEN Reporting" looking at the wide discrepancies in how payments fraud is reported. As Jester dryly points out "most statistics on cybercrime range from under $300 million lost per year to over $48 billion lost per year." Amazon-Facebook Alliance to Make Shopping More Social The New York Times has a short write up on the new Amazon-Facebook Alliance. When users link their Amazon and Facebook accounts, "They... see which of their Facebook friends have upcoming birthdays, and receive gift suggestions based on the music, books and movies those friends have said they like on Facebook and on their Amazon wish lists." Headline News - July 28, 2010 Headline News is brought to you by Glenbrook Partners: New Celent Report: Payments Trends in South Korea Giftango Delivers Virtual Gift Cards for 35 National Brands MasterCard Teams with Acculynk to Give Issuers Option to Use PaySecure eWise Secures New Round of Funding Led by Balderton ProPay Launches ProtectPay Online Virtual Terminal Juniper Research: Mobile Commerce Awards Go To Mobiqa, mBlox, and eBay Mobile CHIPS Adds Fifth, Large Chinese Bank to Global Payments Network ATM Marketplace: Cardtronics extends ATM vault cash agreement with Wells Fargo PayPal Blog: Update on PayPal accounts for India users SFGate: Citigroup’s Semenchuk Quits as Ventures... Open Identity Exchange and Kantara Initiative to Collaborate Open Identity Exchange (OIX) and Kantara Initiative recently announced that they will begin collaborating on digital trust framework development to build and promote adoption of a robust online trust ecosystem. Digital trust frameworks enable trust in transactions such as logins, registrations, and online eCommerce by allowing digital identity credentials produced by one site to be accepted at other sites. OIX executive members include AT&T, CA, Equifax, Google, PayPal, VeriSign, and Verizon. Kantara Initiative and OIX, the industry's two leading organizations focused on trust framework infrastructure, have agreed to the following high-level goals for collaboration: Develop a joint approach to federation... Headline News - July 27, 2010 Headline News is brought to you by Glenbrook Partners: eBillme.com Provides Online Coupons For Additional Back-to-School Savings Fiserv Enables Online Banking Transformation for The Westpac Group Open Solutions Acquires The Weiland Financial Group MoneyGram International Expands Network in Paraguay Home Trust of Canada Selects Gemalto for EMV Migration vWorker Selects ThreatMetrix Fraud Network to Fight Fraud on Its Online Marketplace Elavon Appoints Mike Passilla President and CEO Inside Retailing: All Cashed Up: Keeping Cash Safe in Germany Forbes: Why Free Checking is on Life Support BAI Banking Strategies: Making Tracks for Mobile Payments The Wall Street Journal: Hong Kong's Cashless-Payment... Boston Fed Policy Paper: Who Gains and Who Loses from Credit Card Payments? Theory and Calibations The Federal Reserve Bank of Boston has published a Public Policy Discussion Paper entitled "Who Gains and Who Loses from Credit Card Payments? Theory and Calibrations". From the abstract: Merchant fees and reward programs generate an implicit monetary transfer to credit card users from non-card (or “cash”) users because merchants generally do not set differential prices for card users to recoup the costs of fees and rewards. On average, each cash-using household pays $151 to card-using households and each card-using household receives $1,482 from cash users every year. Because credit card spending and rewards are positively correlated with household income,... MoneyGram Signs State Savings Bank of the Russian Federation MoneyGram announced it has added the Savings Bank of the Russian Federation (Sberbank) to its network. Sberbank is the oldest and largest bank in Russia and Eastern Europe and is expected to be MoneyGram’s largest agent in the region. The bank will introduce MoneyGram services initially in more than 7,000 locations. Russia is the third largest send market in the world after the U.S. and Saudi Arabia. Countries that receive the most in remittances originating in Russia are: Uzbekistan, Tajikistan and Ukraine. Russia is also in the top 20 receive countries in remittances. In related news, Western Union announced it... Survey Results: U.S. Market Contactless Terminal Penetration Last week, Glenbrook's Carol Coye Benson asked the Payments Views community about its perception of contactless POS reader deployment in the US. The results are in and you can see them here. New Opportunities on PaymentsJobs.com Several new positions for payments professionals have recently been posted to Glenbrook's PaymentsJobs.com job board: Reseller Channel Manager - Mercury Payment Systems - Denver, CO Product Manager - Mercury Payment Systems - Durango, CO Retail Payments Product Manager - The Members Group - Clive, IA Is your company hiring? Are you in the market for qualified payments professionals? You can reach the best candidates here! Post your job openings for payments professionals on PaymentsJobs.com! Headline News - July 26, 2010 Headline News is brought to you by Glenbrook Partners: The Wall Street Journal: Citi Discloses Security Flaw in Its iPhone App MediaPost News: Amazon Hits $1 Billion In M-Commerce In Last Year Bloomberg: Advent and Bain Said to Plan $2 Billion of LBO Loans to Bid for RBS Worldpay The Economic Times: M-banking May Soon Move Beyond Checking Account Status in India NetBanker: Future File: Digitizing Paper POS Receipts Bank Info Security: What it Takes to Fight Fraud The Epoch Times: Hong Kong Unveils New Notes to Battle Counterfeiting The Sacramento Bee: Short on Cash? Pay the Sitter via Your...