| Vouchers make it safer online
Online shopping holdouts can now buy virtual Visa vouchers to pay for internet purchases without the need for plastic cards or even a bank account. The move is expected to assuage fears of thousands of Australians who avoid shopping over the internet or telephone for fear of credit card fraud. Customers can buy "VCard" credit from retail stores in the same way they buy pre-paid mobile phone credit. The credit - up to $1000 per VCard - can then be used in place of a credit card anywhere in the world that accepts Visa. A once-off fee of $5.50 applies for each voucher and you can't spend more than the amount you put on. Market research firm Forrester, in a report released in April, found 7.2 million Australians were online shoppers. It forecast that figure would grow by an average of 22 per cent a year between now and 2010.
Redknee Adds Mobile Money
TORONTO -- Redknee Solutions Inc. ("Redknee" or the "Company") (AIM: RKN - message board), a leading provider of innovative infrastructure software that monetizes and personalizes services and content for mobile operators, today announced it has extended the real-time Turnkey Converged Billing solution with the introduction of Mobile Money Services. Redknee Mobile Money Services is a licensable option that is now available to mobile operators who want to offer secure, easy-to-use and cost-effective mobile money capabilities across different mobile access networks, operators and international borders. Redknee's value-added Mobile Money Services allows self-care mobile account top-ups and money transfers for mobile operators to take a leadership approach to mobile money services.
IOI's first quarter soars 77 percent
IOI, the largest publicly traded palm oil producer in the world, said fiscal first-quarter profit surged 77 percent as the price of the commodity jumped. Net income advanced to 451.5 million ringgit, or $134 million, in the three months ended Sept. 30, from 255.7 million ringgit a year earlier, IOI said Thursday. Sales rose to 3.12 billion ringgit from 1.9 billion ringgit. The price of palm oil, used in cooking and as a fuel additive, has jumped 77 percent in the past year on rising demand from China and India. IOI has said it is seeking more land to develop estates in Malaysia and Indonesia, which together account for about 85 percent of global output. Thai Rubber Latex, the biggest rubber latex maker in Thailand, posted a third-quarter loss on lower product prices and the impact of a stronger local currency.
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