Showing posts with label ClickandBuy. Show all posts
Showing posts with label ClickandBuy. Show all posts

Payments Industry News Headlines Through March 26th



Introducing M-Commerce to Direct Selling Organizations BigNews.biz (press release) The introduction of M-commerce is no exception. Remember, sales consultants typically don't bring their computers with them to their parties


Is Google greater than God?

Zee News China Mobile Ltd, the world's largest telecom service provider with 527 million subscribers, uses Google for mobile search and maps.


Credit card fraud stats should make you nervous

Anchorage Daily News  It was followed by identity theft; credit/debit card fraud; auction fraud; computer damage; miscellaneous frauds; advanced fee fraud (the old Nigerian


Verizon Wireless Plans eCommerce Mobile Payment Service

PR Newswire (press release)  Danal, Inc. is a privately held, majority-owned company of Danal Co., Ltd – the global pioneer and leader in direct mobile billing for eCommerce.


iPad will revolutionise mobile commerce, says expert

Velti News  The world of mobile commerce will be revolutionised by the impending launch of the iPad, an industry expert has claimed. Apple's mobile internet browsing


CHARGE Anywhere(R) and Verizon Wireless Announce Mobile Payment Processing ...

PR Newswire (press release)  CHARGE Anywhere® is the developer of proprietary Payment Card Industry PA-DSS certified CHARGE Anywhere® v2.0.0 Mobile Payment/POS software solution


Verizon Will Allow $25 in M-Commerce

NewsFactor Network  In a move to build mobile commerce, Verizon Wireless on Monday announced a deal with Danal's BilltoMobile payment service. Beginning later this spring


Comparing online buying risks

Minneapolis Star Tribune  Payment services and bill payment: Using services like PayPal, Google Checkout and BillMeLater offer additional security because sensitive information goes

PayPal forges an alliance with China's largest payment card network
Hundreds of millions of Chinese consumers will be able to buy goods online from foreign merchants and pay through PayPal as a result of the agreement with China UnionPay.


New fraud alerts available for Wells Fargo cardholders

The News Journal  ... control identity fraud, a broader crime category that includes misuse of payment cards, according to James Van Dyke, of Javelin Strategy & Research


Credit card companies play security catchup

Stuff.co.nz  But a 20 per cent increase in credit card fraud in recent years particularly involving online transactions has prompted the move


DEUTSCHE TELEKOM BUYS CLICKANDBUY
Deutsche Telekom has agreed a deal to buy Internet payment service provider ClickandBuy. Financial terms were not disclosed.  More on this story: http://www.finextra.com/news/fullstory.aspx?newsitemid=21223


MasterCard, PayPal reveal conflicting views of mobile financial services

Mobile-Financial.com  The panelists included representatives from MasterCard, PayPal, First Data, and ClairMail. The panel was a lively one with different perspectives shared


Security flaw found in new chip credit cards

3News   A British university has identified security flaws in new chip and Pin credit cards that banks in New Zealand are about to introduce. ...


Mobile Commerce Trends 2010: Opportunities to Create New Revenue

TechLINKS (press release) ... 40% mobile phone penetration, it is easy to see that the opportunities for mCommerce and mobile money services will be from Asia's emerging markets.




FEATURED ARTICLE:



Regulating Debit Cards: The Case of Ad Valorem Fees

The Federal Reserve Bank of Kansas City's Economic Review for 1Q2010 includes an article titled "Regulating Debit Cards: The Case of Ad Valorem Fees" by Zhu Wang. From the abstract:
Debit cards have become an indispensable part of the U.S. payments system, accounting for more than a third of consumer payments at point of sale. With this development has come controversy: Card networks charge merchants fees that merchants believe are too high. And most of the fees are ad valorem―that is, based on transaction value―rather than fixed fees per transaction.
Given that debit cards incur a fixed cost per transaction, why do networks charge ad valorem fees? How do ad valorem fees affect payment market participants, including consumers, merchants, and card networks? And should policymakers consider regulating debit cards by requiring fixed per-transaction fees?
Wang explores this controversy about debit card fee structures. His analysis shows that, when card networks and merchants both have market power, card networks earn a higher profit by charging ad valorem fees than fixed per-transaction fees. At the same time, merchant profits are reduced―yet both consumer surplus and social welfare are increased. As an alternative, policymakers might consider regulating the debit fee structure simply by requiring fixed per-transaction fees (but allowing card networks to freely set the fee levels). Wang suggests, however, that this alternative may increase merchant profits at the expense of card networks, consumers, and social welfare. Therefore, caution should be taken when policymakers consider intervening in the debit card market."  


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Posted by John B. Frank Friday, March 26, 2010 0 comments

Payments Industry News Headlines Through March 26th



Introducing M-Commerce to Direct Selling Organizations BigNews.biz (press release) The introduction of M-commerce is no exception. Remember, sales consultants typically don't bring their computers with them to their parties


Is Google greater than God?

Zee News China Mobile Ltd, the world's largest telecom service provider with 527 million subscribers, uses Google for mobile search and maps.


Credit card fraud stats should make you nervous

Anchorage Daily News  It was followed by identity theft; credit/debit card fraud; auction fraud; computer damage; miscellaneous frauds; advanced fee fraud (the old Nigerian


Verizon Wireless Plans eCommerce Mobile Payment Service

PR Newswire (press release)  Danal, Inc. is a privately held, majority-owned company of Danal Co., Ltd – the global pioneer and leader in direct mobile billing for eCommerce.


iPad will revolutionise mobile commerce, says expert

Velti News  The world of mobile commerce will be revolutionised by the impending launch of the iPad, an industry expert has claimed. Apple's mobile internet browsing


CHARGE Anywhere(R) and Verizon Wireless Announce Mobile Payment Processing ...

PR Newswire (press release)  CHARGE Anywhere® is the developer of proprietary Payment Card Industry PA-DSS certified CHARGE Anywhere® v2.0.0 Mobile Payment/POS software solution


Verizon Will Allow $25 in M-Commerce

NewsFactor Network  In a move to build mobile commerce, Verizon Wireless on Monday announced a deal with Danal's BilltoMobile payment service. Beginning later this spring


Comparing online buying risks

Minneapolis Star Tribune  Payment services and bill payment: Using services like PayPal, Google Checkout and BillMeLater offer additional security because sensitive information goes

PayPal forges an alliance with China's largest payment card network
Hundreds of millions of Chinese consumers will be able to buy goods online from foreign merchants and pay through PayPal as a result of the agreement with China UnionPay.


New fraud alerts available for Wells Fargo cardholders

The News Journal  ... control identity fraud, a broader crime category that includes misuse of payment cards, according to James Van Dyke, of Javelin Strategy & Research


Credit card companies play security catchup

Stuff.co.nz  But a 20 per cent increase in credit card fraud in recent years particularly involving online transactions has prompted the move


DEUTSCHE TELEKOM BUYS CLICKANDBUY
Deutsche Telekom has agreed a deal to buy Internet payment service provider ClickandBuy. Financial terms were not disclosed.  More on this story: http://www.finextra.com/news/fullstory.aspx?newsitemid=21223


MasterCard, PayPal reveal conflicting views of mobile financial services

Mobile-Financial.com  The panelists included representatives from MasterCard, PayPal, First Data, and ClairMail. The panel was a lively one with different perspectives shared


Security flaw found in new chip credit cards

3News   A British university has identified security flaws in new chip and Pin credit cards that banks in New Zealand are about to introduce. ...


Mobile Commerce Trends 2010: Opportunities to Create New Revenue

TechLINKS (press release) ... 40% mobile phone penetration, it is easy to see that the opportunities for mCommerce and mobile money services will be from Asia's emerging markets.




FEATURED ARTICLE:



Regulating Debit Cards: The Case of Ad Valorem Fees

The Federal Reserve Bank of Kansas City's Economic Review for 1Q2010 includes an article titled "Regulating Debit Cards: The Case of Ad Valorem Fees" by Zhu Wang. From the abstract:
Debit cards have become an indispensable part of the U.S. payments system, accounting for more than a third of consumer payments at point of sale. With this development has come controversy: Card networks charge merchants fees that merchants believe are too high. And most of the fees are ad valorem―that is, based on transaction value―rather than fixed fees per transaction.
Given that debit cards incur a fixed cost per transaction, why do networks charge ad valorem fees? How do ad valorem fees affect payment market participants, including consumers, merchants, and card networks? And should policymakers consider regulating debit cards by requiring fixed per-transaction fees?
Wang explores this controversy about debit card fee structures. His analysis shows that, when card networks and merchants both have market power, card networks earn a higher profit by charging ad valorem fees than fixed per-transaction fees. At the same time, merchant profits are reduced―yet both consumer surplus and social welfare are increased. As an alternative, policymakers might consider regulating the debit fee structure simply by requiring fixed per-transaction fees (but allowing card networks to freely set the fee levels). Wang suggests, however, that this alternative may increase merchant profits at the expense of card networks, consumers, and social welfare. Therefore, caution should be taken when policymakers consider intervening in the debit card market."  


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ClickandBuy Becomes Wholly-Owned Deutsche Telekom Subsidiary



LONDON, Mar 24, 2010 (MARKETWIRE via COMTEX) -- ClickandBuy / ClickandBuy becomes wholly-owned Deutsche Telekom subsidiary processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
DTAG acquires internet payment service provider ClickandBuy
London/New York/Zug/Bonn, 24 March 2010. The internet payment service provider ClickandBuy is to become a wholly-owned subsidiary of Deutsche Telekom AG. Via its venture capital company, T-Venture, Deutsche Telekom has held shares in ClickandBuy since 2006 and currently owns 20.2 per cent of its shares. Deutsche Telekom has now acquired all remaining shares in the internet payment service provider ClickandBuy. The agreement was finalized yesterday. The supervisory bodies of the companies concerned and the UK's Financial Services Authority (FSA) have already approved the process.
Klaus Konrad, Investment Director of Intel Capital: "ClickandBuy has become one of the top three online payment providers in the world and is a European investment success story.This shows that even in challenging economic periods, it is possible to grow top performing organizations through great management and the right investment strategy."
ClickandBuy's CEO, Charles Fraenkl, welcomed the deal: "Our minority shareholders T-Venture and Intel Capital with their dedication and commitment have contributed a lot to the success and growth of ClickandBuy.With the support of our new shareholder, ClickandBuy, already one of today's leading providers of online payment solutions, will continue to strengthen and expand its market position in the future. ClickandBuy is in an exceptionally good position and is very happy about the huge advantages this synergy contains regarding the realisation of its global strategic goals which will be made possible through the involvement of Deutsche Telekom."
About ClickandBuy
ClickandBuy is one of the leading payment services in the internet.Certified by McAfee and tested by Germany's Technical Inspection and Testing Association (TUV), this online payment system is used for internet purchases by over 13 million people. Having doubled its turnover generated by traders and end customers to EUR 922 million (TTV) in 2008, the ClickandBuy Group first crossed the billion euro threshold in 2009.
Over 16.000 online traders use ClickandBuy's e-payment system for their e-commerce, retail, online entertainment, and paid content & services billing, including Deutsche Telekom, Scout24 Group, Apple iTunes, Napster, Orange, msn, AOL, Meetic, Parship, Electronic Arts (EA), Codemasters, McAfee, Panda, RTL, Playboy, Financial Times Deutschland, Foto.com, Deutsche Boerse Group, KPMG, Yamaha, Digital River, Redcoon, bonprix (Otto Group).
Founded in 1999, ClickandBuy represents over 10 years of experience and expertise in the e-payment market. The online payment system is operated by ClickandBuy International Ltd. in London. As an e-money institution licensed by the UK's Financial Services Authority (FSA), ClickandBuy's complete service includes 120 currencies and offers 50 national and international modes of payment throughout 31 countries.


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Posted by John B. Frank Thursday, March 25, 2010 0 comments

ClickandBuy Becomes Wholly-Owned Deutsche Telekom Subsidiary



LONDON, Mar 24, 2010 (MARKETWIRE via COMTEX) -- ClickandBuy / ClickandBuy becomes wholly-owned Deutsche Telekom subsidiary processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
DTAG acquires internet payment service provider ClickandBuy
London/New York/Zug/Bonn, 24 March 2010. The internet payment service provider ClickandBuy is to become a wholly-owned subsidiary of Deutsche Telekom AG. Via its venture capital company, T-Venture, Deutsche Telekom has held shares in ClickandBuy since 2006 and currently owns 20.2 per cent of its shares. Deutsche Telekom has now acquired all remaining shares in the internet payment service provider ClickandBuy. The agreement was finalized yesterday. The supervisory bodies of the companies concerned and the UK's Financial Services Authority (FSA) have already approved the process.
Klaus Konrad, Investment Director of Intel Capital: "ClickandBuy has become one of the top three online payment providers in the world and is a European investment success story.This shows that even in challenging economic periods, it is possible to grow top performing organizations through great management and the right investment strategy."
ClickandBuy's CEO, Charles Fraenkl, welcomed the deal: "Our minority shareholders T-Venture and Intel Capital with their dedication and commitment have contributed a lot to the success and growth of ClickandBuy.With the support of our new shareholder, ClickandBuy, already one of today's leading providers of online payment solutions, will continue to strengthen and expand its market position in the future. ClickandBuy is in an exceptionally good position and is very happy about the huge advantages this synergy contains regarding the realisation of its global strategic goals which will be made possible through the involvement of Deutsche Telekom."
About ClickandBuy
ClickandBuy is one of the leading payment services in the internet.Certified by McAfee and tested by Germany's Technical Inspection and Testing Association (TUV), this online payment system is used for internet purchases by over 13 million people. Having doubled its turnover generated by traders and end customers to EUR 922 million (TTV) in 2008, the ClickandBuy Group first crossed the billion euro threshold in 2009.
Over 16.000 online traders use ClickandBuy's e-payment system for their e-commerce, retail, online entertainment, and paid content & services billing, including Deutsche Telekom, Scout24 Group, Apple iTunes, Napster, Orange, msn, AOL, Meetic, Parship, Electronic Arts (EA), Codemasters, McAfee, Panda, RTL, Playboy, Financial Times Deutschland, Foto.com, Deutsche Boerse Group, KPMG, Yamaha, Digital River, Redcoon, bonprix (Otto Group).
Founded in 1999, ClickandBuy represents over 10 years of experience and expertise in the e-payment market. The online payment system is operated by ClickandBuy International Ltd. in London. As an e-money institution licensed by the UK's Financial Services Authority (FSA), ClickandBuy's complete service includes 120 currencies and offers 50 national and international modes of payment throughout 31 countries.


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