Newsweek's Jennifer Barrett reports on the problem of phishing attacks.

“It’s not an annoyance, it’s a threat [to businesses]. It is real loss,” says David Jevans, chairman of the U.S.-based Anti-Phishing Working Group (APWG), a consortium of more than 60 banks, retailers, and security firms that have joined forces since last fall to tackle the issue.

PayPal has introduced a new PayPal Payment Wizard for use with Microsoft's Outlook email software to allow the addition of PayPal payment buttons to outgoing email enabled senders to receive funds without having a website.

Amazon this afternoon announced financial results for the fourth quarter 2003. Sales were up 36 percent over the same period in 2002 while operating income grew to 7 percent of net sales, up from 5 percent of net sales in Q4 2002. Interestingly, much of the growth in the fourth quarter came from international sales which grew at a 74 percent rate totaling slightly over 41% of total sales.

Timex is offering Speedpass-enabled watches on its website. The site says the watches will be available for a limited time only.

Edgar Dunn this morning reports the results of their PaymentDynamics 2004 Preferred Card Study.   » Continue Reading

Business Week writer Amey Stone takes a look at Bank One CEO Jamie Dimon's return to New York as he ultimate becomes CEO of JP Morgan Chase following its merger with Bank One.   » Continue Reading