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E-bullion business

It seems that every year payment systems one by one try to make new surprises for us. This time the surprise became from popular and known E-bullion payment system which always was considered as closed type payment system which doesn’t put into the own practice any alien business methods and stereotypes. There was set a rumor that E-bullion system is going to follow the well-known E-gold payment processor because these two systems have the same work principles and they are based on one technology. The social majority can think about this situation, “Hm... it is really strange. Why successful and developing company aim to go out from success way?” Unfortunately the recent events explain a lot of these questions and confirm the rumors. On Monday, 28 July 2008, at 6:30 PM there was found stubbed Pamela Fayed, one of co-founders E-bullion. Woman died because of numerous stabs. This news shocked social community and especially the way of murder. There are a lot different hypothesizes about

Webmoney Transfer Company

Webmoney Transfer Company announces that from 1st August, 2008 all cross-currency exchanges will be forbidden. Frequent cases of illegal system use in various financial frauds, and also in unpunished money plunder by transfer from one electronic currency in another became the reason of such changes. WM Transfer Company also has announced that all exchange offices, incapable to carry out due client personality identification, should stop the activity since 1st August, 2008. Otherwise the system will stop service corresponding WMID. The given news already has displeased among users of system because many of them daily use cross-currency exchanges to service clients who using various payment systems. Even presence of the WM Transfer personal certificate does not allow to make legal purchase or sale of the following electronic currencies: E-gold Liberty Reserve E-bullion Pecunix GoldMoney Inocard ICQmoney Deltakey iMoney UAH Shortly before these events, E-gold Company has in

PayPal Payment system has estimated results of the activity

PayPal Payment system has estimated results of the activity in 2nd quarter 2008. Company incomes for this period have made $602 million. «This rate exceeds last year's on 33 %», declares auction E-bay, official PayPal proprietor. The PayPal system money turnover in the second quarter has made $14.93 billion. It exceeds rates of 2007 on 35 % when system incomes have increased for 34% and have made $454 million. The sum of company's money turnover in 2nd quarter 2007 has grown on 32 % in comparison with 2006 and has made $11.69 billion. The quantity of active PayPal payment system's users increases every day. The reason of this fact is that PayPal introduces its services in various trading platforms, organizes connection of the new Internet shops. Thanks to growth of tendency to use the system for payment the goods and services in the Internet (for the last year the quantity of users has increased for 19 %) The trade at auction E-Bay which profit in 2nd quarter 2008 has made

The head of known payment NETeller system Stephen Eric Lawrence admitted itself involved in not authorized money transfers

The head of known payment NETeller system Stephen Eric Lawrence admitted itself involved in not authorized money transfers by players of Internet casino through NETeller system, for the purpose of illegally received profit laundering. In the beginning of 2007 cases of NETeller company participation in criminal financial frauds have already been noticed. Then USA authorities have arrested two NETeller's investors encouraging illegal transfers through system. For prevention of similar incidents USA authorities have declared that all on-line casinos since October, 2006 should stop the activity because it became practically impossible to trace all financial operations doing by them. Certainly, such law meant a full stop of NETeller company activity because she basically was engaged in on-line casino service. After arrest of the company head, NETeller immediately refused 70 % of the actives. Stephen Eric Lawrence admitted guilty is threatened with five years of imprisonment by clause o

E-Bullion

E-Bullion is one of the most popular on-line payment systems in Europe. E-bullion is a gold-based currency. The system appeared in 2000. It is owned by Goldfinger Bullion Reserve Corporation. E-Bullion has two account types: Business and Personal. Business account can be opened by companies wishing to use the system as its main payment means. Personal account is an account for ordinary users. Account number along with the password to enter the system forms something like A12345. All transactions are made through E-bullion web-interface. Special Features and Advantages E-bullion user can choose one of three options for electronic money storage: Gold – in troy ounces; Silver – in silver measuring units; e-Currency® - in US dollars (connected with US dollar rate) The first two options the electronic balance changes depending on the world gold or silver prices. E-Currency® balance is connected with American dollar rate and depends thereon. One of E-bullion advantages for users

Moneybookers

The Moneybookers payment system was founded in the UK. Today it is popular in many European countries as well as some CIS countries. Moneybookers User’s Privileges Moneybookers users are able to send money to their credit card accounts and make money transfers to banks in different countries. Moneybookers personal account gives its users several privileges. The cost of transaction does not exceed 0.5 Euro even then the amount of the transaction is huge. No money can be transferred to the unknown users. In Moneybookers system there are partnership programs providing the users with the possibility to earn from the transactions interests. In a year one can get about 30% from each transaction commission of a newly drawn user. Registered users can have several accounts in the system, one of which is considered prime. The commission for this account will be the smallest, of about 1.8 Euro. All others will cost almost twice more. The Safest Payment System Moneybookers is considered on

Pecunix- The System That Guarantees Stability

Pecunix on-line payment system is an official trademark of Pecunix Incorporated and appeared in 2002. The Company is registered in Panama. That is why, perhaps, no statistics of the company’s activity was disclosed: the number of opened accounts and current turnovers are unknown. Pecunix Specialty Pecunix is gold-based e-currency, as well as E-gold and E-bullion. A settlement unit in the system is a gram of gold (GAU – gold administration unit). One Pecunix equals one gram of pure gold. The system also uses an optional unit, troy ounce (OAU – operation administration unit) providing more easy-to-use settlements to some users. Pecunix does not take any charges for money storage or registration process. All Recunix gold reserves are stored in Zurich (Switzerland). By storing his/her money in gold the user has the guarantees of Switzerland bank system, the most stable in Europe. Pecunix supports 22 national currencies, so it is a multi-currency payment system. A national of any countr

What is Electronic Money ?

If we speak about Electronic Money the main word here is the Money. It means that this innovation, first of all, deals with finance and economy and secondly – it is of legal nature. You cannot take this money into your hands, count with your fingers or sense its. However, it is real. Electronic money functions also prove its full value. It is the measure of value, payment means, means of circulation and (to a lower extent) means of hoarding. It meets all requirements stipulated for the world finance. That is why, electronic money are used as international payment unit. Economic Nature of Electronic Money Virtual money is information stored electronically. Electronic account’s holder is an owner of a payment instrument providing a number of opportunities. Electronic money stored electronically has, on one hand, the properties of traditional cash money, on the other – the properties of bank payment instruments. So its holder can make financial settlements as in cash circulation (bank

PayPal: more than 100 million users

PayPal: more than 100 million users One of the leading American on-line payment systems, PayPal, was founded in 1998. In October 2002 eBay, the leader in Internet auction business, acquired the company for 1.5 billion dollars. The number of the system users increases daily and now it exceeds 100 million. System Features Unlike other systems, PayPal is closely connected with a client’s bank account or bank cards. When the user has not enough amount on his/her PayPal account the system, as may be required, automatically takes the requested amount from his/her bank account. Besides the client’s money any time can be transferred to his/her bank account. PayPal operator has no client software to access the system. As an option for money transfer, e-mail is used as a login to enter the system. A sender goes to a web-site with his information and confirms his/her payment. A recipient gets mail including the paid amount, transaction ID and sender’s information. This system is suitable fo

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E-bullion business

E-bullion business

Webmoney Transfer Company

PayPal Payment system has estimated results of the activity

The head of known payment NETeller system Stephen Eric Lawrence admitted itself involved in not authorized money transfers

E-Bullion

Moneybookers

Pecunix- The System That Guarantees Stability

What is Electronic Money ?

PayPal: more than 100 million users

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E-bullion business

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