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October 13, 2008

An E-Commerce War?

In an article titled "Amid the Gloom, an E-Commerce War", Brad Stone writes for the Sunday New York Times about the ecommerce competition between Amazon.com and eBay.

Stone writes: "Amazon has accelerated its courtship of small online vendors, allowing them to sell on its site — becoming more like eBay. And eBay, desperate to revive itself, has decided to emphasize traditional, fixed-price sales of both new and old merchandise — becoming more like Amazon."

Verizon May Charge Fees to SMS Text Message Originators

In a move that could change the cost dynamics of online banking use of SMS-based mobile text services, CNET reports

Fed Approves Wells Fargo Acquisition of Wachovia

The Federal Reserve Board on Sunday announced its "approval of the application and notice under sections 3 and 4 of the Bank Holding Company Act by Wells Fargo & Company, San Francisco, California, to acquire Wachovia Corporation and its subsidiary banks, Wachovia Bank, National Association, both of Charlotte, North Carolina, and Wachovia Bank Delaware, National Association, Wilmington, Delaware, and the nonbanking subsidiaries of Wachovia Corporation."

Headline News - October 13, 2008

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers looking to hire payments professionals can post their job openings there as well.

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