Rumormill

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Paypal More Successful Than American Express and Discover Combined

Okay, so it’s official. Bank of America (NYSE BAC) to buy Countrywide (NYSE CFC) for $4 Billion in stock. Whoopdy-doo. (finger-in-air) I mean, seriously, hasn’t everyone written off the housing market by now?
What I find more interesting is the rumor of eBay (NASDAQ EBAY) getting bought out by Yahoo (NASDAQ YHOO) And what I find […]

11Jan2008 | James Blunts | 15 comments | Continued
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Is CitiBank Ready for a Collapse?

Think a company as large as Citigroup (NYSE C) can’t fail? Only a few months ago, one of the largest online banks, NetBank, closed its doors, leaving billions of dollars in account holder funds in question. Fortunately, the FDIC stepped in and made arrangements for ING to pick up the pieces but what if it […]

10Jan2008 | Riley Poole | 5 comments | Continued
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First Data Guns Down Merchants

Effective today, First Data has just terminated all of its firearm merchants selling in non face-to-face transactions. For those of you not familiar with credit card processing, First Data is responsible for more than 60% of payment processing in the United States. They have not only terminated many of these legitimate and established merchants but […]

8Jan2008 | Riley Poole | 31 comments | Continued
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Bill Gates Loses Bet, Plans To Leave Microsoft in July

A lot of CES attendees today got to see a comical look at Bill Gates’ last day at Microsoft (Nasdaq MSFT). He is planning to step down in July and pursue philanthropy. Good for him, the guy deserves a break from the 9-to-5 job. The big question is why did he really decide to step […]

7Jan2008 | James Blunts | 11 comments | Continued
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Telemarketing Scam Exposed

I read an interesting article today about a young woman named Kim Worman. The theme wasn’t that different than the many stories out in the blogosphere: poor woman gets taken in by some bogus charges on her credit card. Got me to thinking, it’s shocking the number of people unfamiliar with how this overall scam […]

6Jan2008 | Riley Poole | 7 comments | Continued
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Did Britney Spears Go Crazy Because She Couldn’t Get Her Hands On an iPhone?

So, although I am still a Microsoft Windows user (XP ONLY), I’ve grown to accept Apple as a very smart company. And when it comes to consumer products, they really know how to keep away the bad eggs.
Although it may have gone unnoticed, back on December 20th, Misca Barton, once star of The OC, had […]

4Jan2008 | James Blunts | 12 comments | Continued
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Will Google Checkout Fail in Q4-2008?

Between now and Aug 19, 2008, more than 15% of Google’s (NASDAQ: GOOG) workforce may resign. While turnover is normal in any company, when it becomes a matter of being set for life, you certainly face a challenge. What benefits, services, or salaries can you really offer those with enough money to last them a […]

4Jan2008 | Riley Poole | 9 comments | Continued
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Want an Amex Black Card?

Bill Gates has one, Oprah has one, even Jon Stewart has one, so what is it? The Centurion Card otherwise known as the American Express Black Card. You may have seen it in such movies as Casino Royale or sported by such celebs as Jessica Simpson but everyone is asking, how do you get it?
Fortunately, we know people […]

4Jan2008 | Riley Poole | 5 comments | Continued
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Facebook and Paypal join forces

The some 70 Million Facebook users can now buy pizza “and other stuff” directly through their Facebook account. Facebook and Paypal have teamed up, opening up Paypal’s doors to the next wave of users, post-college kids with not enough disposable income to pay off that loan debt, but enough extra cash to push Paypal’s revenues […]

2Jan2008 | Riley Poole | 11 comments | Continued
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The End of Discount Based Merchant Residuals

And so it begins. Merchant Warehouse today began offering free processing for the month of January. In part, as a means of recovering some lost business to Paypal and Google Checkout, but in part to test the waters of what the EU ruling really will mean to the merchant service provider industry.
If you have deep […]

2Jan2008 | Riley Poole | 3 comments | Continued
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