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« August 27, 2002 | Main | August 29, 2002 »

August 28, 2002

Trintech reports 41% decline in revenues

Trintech is out today with its quarterly earnings report.

Revenue for the second quarter, FY 2003 was $10.9 million compared with $18.4 million for the corresponding quarter of the previous year. This was a decrease of 41%. The first half fiscal year decrease in revenue over the prior year resulted from the ongoing fragile state of the global economy. This resulted in slower payment infrastructure investment decisions that lead to a weak demand for Trintech's secure payment infrastructure solutions.

American Banker: Aussie test: will public pay price for card use?

Tags » Financial Regulators, Interchange Fees

David Breitkopf reports on yesterday's announcement of credit card reforms by the Reserve Bank of Australia.   » Continue Reading

CNET: E-wallets get a boost from Amazon

Margaret Kane reports on the use of Amazon's OneClick "wallet" across multiple stores.

In allowing customers using the same account to shop at multiple stores, Amazon has in effect created an e-commerce wallet. It's something companies from Microsoft to America Online to Yahoo have tried to do--with little success so far. But Amazon and technology providers are coming at the wallet game from two different points. Companies such as Microsoft are building the technology and hoping consumers will come. Amazon is counting on its huge customer base being attracted to its wallet feature, and it is using that popularity to pitch partnerships with key retailers.
The article doesn't mention that Apple has also licensed 1-Click from Amazon and uses it for the Apple Store -- although I don't believe that the wallets are integrated between the Amazon and Apple sites.

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