Friday, October 29, 2004
German Federal Institute for Financial Services Supervision Issues Germany's First E-Banking License to A Telco Operator
Undoubtedly this is the first of many more operators to follow. A new market is now emerging, which is the market of regulated or unregulated mobile operators. In that market NCS mobile payment Bank is now officially the first mover (with Vodafone UK being the unofficial zero-mover; operating under the waiver of a small e-money operator.
Posted by Simon on 09:03 | link
Wednesday, October 27, 2004
Oyster: from travel card to e-money
Posted by Simon on 22:19 | link
Monday, October 25, 2004
Yahoo Direct has to give in to Paypal
Posted by Simon on 20:48 | link
Friday, October 22, 2004
The value of an e-money license
News that NETeller has won authorisation from the Financial Services Authority to operate as a regulated e-money issuer boosted shares in the IT group by 47p at 299 1/2p.
Economists may now further calculate the value of an e-money licence.
Meanwhile the good news on Ebay profits (which include the Paypal earnings) created a mini-rally in New York.
Posted by Simon on 09:24 | link
Monday, October 04, 2004
CashChange.com shut down by central bank
We are forced to stop all banking activities as an exchanger by order of the dutch national bank. This goes for all our e-currency options."
Now this company may be a scam (see also the reports here). So it'a good thing it's been shut down. But what about other players in the market that can still go about without having to answer to compliance officers of the central bank?
Posted by Simon on 22:53 | link