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« May 23, 2004 | Main | May 25, 2004 »

May 24, 2004

WSJ: Micropayments

Tags » Micropayments

The Technology Report in this morning's Wall St. Journal (subscription reqd) includes "A Dollar Here, A Dollar There...", a report on micropayments.

Wells Fargo Reports 50 Percent Growth in Internet Payments

Tags » Card Payments, Merchant Acquirers

Wells Fargo has announced that it handled $3.8 billion in Internet payment volume for over 61,000 online merchants in the first quarter, up 50 percent over the same quarter last year. Wells Fargo is also PayPal's payment processor.

"According to figures published by the U.S. Department of Commerce, Wells Fargo's e-commerce processing accounts for 15 percent of the nation's total online shopping volume."

Thank the Phishers!

Tags » Phishing

Hiawatha Bray comments in today's Boston Globe on how the surge in phishing attacks is the best news yet in the war against spam.

But how is this good news in the fight against spam? It's obvious, really. The old-style spammers only made life difficult for Internet users and service providers. The phishermen are messing with the real big boys -- the nation's banks and credit card companies. Phishing could cost them billions, and scare consumers away from Internet commerce altogether. ''The banks and the big e-commerce companies are desperate for a solution," said Dave Jevans, chairman of APWG. And desperation backed by money is a powerful thing.

Meanwhile, Tumbleweed and the Anti-Phishing Working Group this morning announced a new "Phishing Attack Trends Report" for April 2004 reporting that email fraud and attacks grew by 180% during April, averaging 38 new attacks each day.

MasterCard, Oracle and Corporate Card Payment Data

Tags » Card Payments, Commercial Payments

MasterCard and Oracle have announced a partnership that will allow MasterCard's enhanced transaction data to be integrated into selected applications within Oracle's E-Business Suite.

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