Amazon intros payment feature

Amazon Payments has rolled out a feature that could stir up a new level of competition with PayPal and Google Checkout, states Top Tech News.

Dubbed Amazon PayPhrase, the new service aims to act as a shortcut for paying on Amazon.com and other Web sites.

Matt Williams, general manager of Amazon PayPhrase, says: "PayPhrase solves the headache of trying to keep track of all the different usernames and passwords people use to shop on various sites across the Web. With PayPhrase, all you need is one phrase and one PIN to pay online."

A new online Irish shopping centre, Ispace, has been created by Gerry Kilby of Equinox eBusiness Solutions, reports Inside Ireland.

Ispace aims to capture a controlling stake from the estimated EUR300 million (R3.5 billion) online goods market.

Users can search for products and services by category, or by using keywords, such as: cameras, books, Apple and Nokia.

Xhead = E-crime results in £300m loss

E-crime is costing Welsh businesses hundreds of millions of pounds every year, says Daily Post North Wales.

Theft of intellectual property, data and identity theft over the Internet is estimated to reach a loss of £300 million (R3.8 billion) in Wales.

Simon Lavin, e-business strategic planner at the Welsh Assembly Government, says: “Cautious estimates put the cost to the Welsh economy at £290 million (R3.7 billion) annually, but the truth is the scale of the problem makes it almost impossible to calculate.”