Archive for Riley Poole

author photo

post thumbnail

PCI Compliance Scare Tactics

First off, I must commend on the industry for pushing merchants to a higher standard of care when it comes to security and better practices, but there is a line that has been crossed, and continues to be crossed, when it comes to merchants.
I will be the first to admit, it’s never a bad idea [...]

9Feb2009 | Riley Poole | 4 comments | Continued
post thumbnail

eBay to Spin Off PayPal

It’s no secret that PayPal is a huge contributor to the success of eBay (NASDAQ EBAY) but could it actually become a bank itself? Rumor has it that eBay may spin off PayPal to make plans for Bank of PayPal. Billions are up for grabs, companies like American Express (NYSE AXP) and GMAC (NYSE GMA) [...]

14Dec2008 | Riley Poole | 2 comments | Continued
post thumbnail

Yahoo Merchants - Abandon Ship

Top executives at Yahoo (NASDAQ YHOO) aren’t the only one who have abandoned ship. Over the past year, Yahoo Stores has lost over 30% of its merchant base and of those still around, many Yahoo merchants have seen sizable drops in sales beyond economical shifts.
So what’s next for Yahoo Stores? Rumor has it that Yahoo [...]

6Dec2008 | Riley Poole | 0 comments | Continued
post thumbnail

Is Your Merchant Account Safe?

During a global financial situation like we have today, it’s very easy for a lot of things to go unchecked and merchant account providers are no exception. I will save the complexities for a later point, but to sum things up, the vast majority of merchant accounts are managed and provided by Merchant Service Providers [...]

1Dec2008 | Riley Poole | 1 comment | Continued
post thumbnail

Could American Express go Bankrupt?

The answer is: yes. I have a lot of respect for American Express (NYSE AXP), while so many merchants online wish they never heard the name, I realize that American Express, if anything, has never hidden the fact that consumers are their focus and not merchants. While I don’t agree with the strategy, I can [...]

30Nov2008 | Riley Poole | 4 comments | Continued
post thumbnail

No Freebies This Year Says Google

Cyber Monday less than a week away and as consumers find it harder to break out that credit card, Google (NASDAQ GOOG) is giving consumers a lump of coal this year. To date, Google Checkout has yet to see profitability and while that’s not abnormal for Google services beyond its cash cow, text links, will [...]

26Nov2008 | Riley Poole | 0 comments | Continued
post thumbnail

Speculation around Google Payments?

Rumor has it that Google Payments may be discontinued. With all their success, as with so many others, Google (NASDAQ GOOG) assumed that by throwing enough money at something, that it will be successful but those close to the project may see a different story.
The amount of money that has gone into the project has [...]

14Jul2008 | Riley Poole | 0 comments | Continued
post thumbnail

Credit Card Fraud is Out of Control

The challenge with credit card fraud is that as it is typically an interstate fraud, meaning happening from one state to the next, the cost and time to prosecute is typically beyond the crime itself as it would cost more to extradite a person even across country for a crime typically no more than a [...]

18Feb2008 | Riley Poole | 14 comments | Continued
post thumbnail

Paypal considering Verified by Visa

What happens when you introduce one of the most widely targeted brand names, i.e. Paypal, with yet another highly targeted brand name, i.e. Visa? Can anyone say Chernobyl?
Seems in an effort to combat fraud, Paypal is in the early stages of considering the use of Verified by Visa and MasterCard (NYSE MA) Secure Code to [...]

13Feb2008 | Riley Poole | 14 comments | Continued
post thumbnail

eBay In Talks To Acquire Cybersource?

Frankly, one of the major issues surrounding eBay (NASDAQ EBAY) not including its lacking merchant interest is fraud. While just a rumor, some people suggest that eBay may want to take the plunge and purchase Cybersource (NASDAQ CYBS). As Cybersource would not only give eBay access to the largest risk management service online, it would [...]

12Feb2008 | Riley Poole | 7 comments | Continued
Older Entries

 Subscribe in a reader or Subscribe by Email