Also, Steve Bass reports on MSN how to avoid bring tricked into divulging personal information online.
Prior to the pricing change, sellers could qualify for a lower Merchant rate of 2.2% plus 30 cents per transaction if they received an average of $1,000 in sales per month. Beginning in August, they must receive an average of at least $10,000 per month to qualify for a rate of 2.2%.
DoCoMo has signed on departments stores, a convenience store franchise, 20 McDonald's restaurants, airline ANA, credit card company JCB, and JR, the public railway operator, among others. JR users would, for example, be able to use their mobile handsets as travel passes.
Editorial comment: TECF certainly appears to be have been orchestrated by PostX. With these anti-phishing consortia now proliferating, it's becoming pretty clear just where we're at on the "hype cycle" for this topic. Reminds me of the proliferation of mobile commerce consortia a year or two ago! Next thing you know, there will be an analyst report from Gartner or some such firm examining the anti-phishing consortia themselves, the likely winners and losers, etc.
According to Nellie Mae, a company that works with colleges and universities to establish student loan programs, college students with credit cards are on the rise. The organization reports 54 percent of undergraduate students have a credit card by freshman year, and the number increases to 92 percent once they're sophomores.
The FTC also said that anti-spam efforts should focus on creating a robust e-mail authentication system that would prevent spammers from hiding their tracks and thereby evading Internet service providers’ anti-spam filters and law enforcement. To help focus these efforts, the FTC also announced that it will be sponsoring a Fall 2004 Authentication Summit to encourage a thorough analysis of possible authentication systems and their swift deployment.
PayPal announced today that it had reached a preliminary settlement agreement with a proposed class of PayPal customers who allege that "PayPal did not appropriately communicate about customer transactions and did not appropriately process limits that were placed on some customer accounts."
Gartner researcher Avivah Litan blamed online banking for most of the problem. "There has been a big increase in the abuse of existing checking accounts," Litan said.
Those merchants offering one payment type, such as general purpose credit cards, for example, convert 60% of their shoppers. Those offering four types, e.g., credit cards, gift certificates, eChecks, PayPal, etc., convert 72% of their shoppers -- a 20% increase.
The survey results are incorporated into a new industry whitepaper from CyberSource, "The Insider's Guide to eCommerce Payment".
About 56 million Americans don't have a bank account, and just 55 percent of American workers are enrolled in direct deposit. These statistics indicate that the two main forms of paychecks -- direct deposit and printed checks -- leave room for yet another paycheck solution.