The year summary

Very little time remains till the moment when the last figure in the line with “Start” button will change from “seven” to graceful but still new and unusual for writing figure “eight”. These last days of the leaving year somebody hastens to withdraw money from the Internet and to buy some presents, somebody dreams to finish at last his/her shopping Internet marathon with Christmas sales and to press a dagger in a right corner of Ebay.com window. And while world business elite unties its ties and unbuttons cuff links with feeling of relief, and plodders of Wall Street recalculate holiday bonuses, Ecommerce Journal team sums up this year in virtual economy and wants to put an end to one more big step in development of the financial environment in Internet.

And during the period of New Year and Christmas congratulations and prevalence of congratulatory cards in a letter box over the importunate bulk messages and work correspondence, there is a sense to make some summary of the leaving year.

Within 12 months of 2007 Trainex had fulfilled the task set for a year and surpassed not only its own previous year showings but the market itself – its development, as well as the psychological marks in dynamics of turnover growth. There is no doubt that market grew sweepingly this year but our sails rushed us faster and at the end of the year Trainex came out with the phenomenal level equal to 140% in comparison with the previous year. During the whole 12 months the number of VIP clients constantly increased trusting us the greater sums in their turn. The total client increase during the year is 92%. Reaching the new heights during 2007 the total indicator of margin decrease for the client’s benefit taken from each transaction is 40%. And at last the most important thing is that we righteously have won the trust of the people living on both coasts of the Atlantic Ocean, as the turnovers of the eastern old-timer of virtual economy-WebMoney via Trainex have increased for 200%, and the users of American giant E-gold have performed this year their exchange operations in Trainex for 74% more than they had performed during the previous one. Three fourth of our clients are the residents of the USA. But however Trainex team is not going to mark time near the flag installed at the height cleared in 2007. We intend very soon to diversify all the services, and to improve the quality of service to the maximum possible level. Client communication will be more light and natural at full confidentiality and former reliability of transactions, and our resources will help you in coming year not only to make an exchange, to deposit and withdraw your money, but also to pay for more services via Internet. This coming year they expect the appearance of new currencies in our listing, which could be used in transactions. We enable everybody to witness the transformations of Trainex occurring in his or her presence day by day, year after year.

The year of three letters: EPS

As to the virtual economy itself we while our summing up should say first of all about those who set the pace of its development. Year of 2007 was a critical one for E-gold that had endured on its shoulders all the burden of administrative pressing. Even now the company has a difficult time due to the suits brought against it. But brothers Douglas L. Jackson and Reid A. Jackson, as well as Barry K. Downey had found that their only way out is a fair play with the sets which the USA law considers as the right one. The work of the most prominent Internet gold and exchange office now is constructed on "know your client" basis. And though the temporarily empty gold niche was occupied by Liberty Reserve and E-bullion, E-gold system actively whitens and pursues a policy of blocking the accounts noticed in transactions with HYIPs.

For PayPal payment system the present year, as well as each previous one has turned into an active phase of development. Having won the award WebWare 100 Winners in June, the world payment giant has also made the big step over the ocean; having left one foot on North American continent, it stepped on the ground of Luxembourg with its second foot and had received there a bank license. Such step was caused by move of European representative office in London and was aimed to escape from surveillance of FSA. The stake of PayPal on the European market of Internet - payments is quite reasonable, as 25 % of company accounts are concentrated here and 35 million of accounts are registered by the European. Also in 2007 the company has opened the credit line for online and trading structures that was noted by the experts as the evolution step in development of the company. The major partnership cooperation for PayPal this year was the relations with Yahoo Marketing Service that since August 28 allows the users to pay for services of Yahoo advertising service.

As for the difficult destiny of NETeller system we can say that 2007 became fatal in development of this old resident of virtual economy, and in particular of gambling-processing.

Everything began with arrest of Stephen Eric Lawrence (such a man) in the beginning of January accused in laundering of illegal casino incomes in Internet, and on January, 17 all payment system transactions in territory of the USA have been stopped.

Eleven months have passed and silently, in a low voice, we should admit that unfortunately the state gained the upper hand over the system and in the summer its founder Stephen Eric Lawrence was found guilty in implication to the doubtful transfers which were performed by the players of Internet casino via NETeller system. Having kept only one third of actives, he hardly has managed to keep the system floating in the ocean of the electronic finance. In a result millions of NETeller users including lots of our readers see this 2007 off with bare heads and look with a horror at the thing that at the will of USA government Stephen Eric Lawrence is faced to the five years of imprisonment and another co-worker of NETeller - John David Lefebvre, who was found guilty for the similar accusations should wait for the decision of the American court.

For MoneyBookers 2007 is marked by change of owners. So in April the European leader of the electronic finance market that have FSA license for issue of electronic money, has declared purchase of control stock of its company by investment group Investcorp for 105 million Euro. Whether such transaction affects the further development of MoneyBookers or not we'll see in the next 2008.

It is necessary to tell separately about WebMoney system that actively storms the boundaries of the European and American financial bastions hiding the world leaders of Internet payment system market. However this summer the system has opened its gold and exchange line by means of its WMG purses, and the electronic counter has overcome a mark of 4000000 of registered accounts. The company keeps such pace since 2004, and increases the number of users more than for one million each year. For such number of admires the system now offers a full range of purse formats, such as classic, mobile, light which were altered in the past year. According to the estimates of the analysts the system turnovers have exceeded 100% in comparison to the previous year.

Chercher la banque in Internet

And as a matter of fact we have no choice but to consider the history of development of online banking for the last 12 months. Technologies go forward so quickly, that it is necessary to determine the online banking platforms first. We shall begin with classical Internet banks

The most remembering and sad event of this year, probably was the incident with Fethard Finance owing to which tens of thousands of servers worldwide had spread the news about its default. In September of this year the company has got into the list of "objectionable ones" of state bodies of the Russian Federation, and its activity has been interrupted. Certainly, it is too early to tell that now all the doors to world virtual economy for Fethard are closed, however this case will be a good lesson in 2008 for all the Internet banks that want to develop actively without consideration of political conditions and the opinion of the state structures.

As for the mobile banking one can note that the development dynamics of this sphere of payment means in 2007 is more that promising. So according to this year researches more than 42 million of US families use mobile banking for their bank transactions.

Such active development of online banking technology has caused a series of scale researches owing to which even today on a boundary of 2007 and 2008 a number of consulting agencies permit themselves to make some statements that are daring enough. So according to October research of Javelin Strategy & Research within the nearest five years the volume of online transactions of users will increase from $150,4 billion up to $355,2 billion. Thus the volume of alternative online payments (for example via PayPal system) by 2012 will be 30 % of the volume of all online transactions. And Jupiter declares, that by 2011 the world volume of mobile payment market will increase up to $11,5 billion against $77,6 million of the current year. Planned parameters seem fantastic, however this is promoted by the fact that this year the rate of electronic payment system development was set at the intergovernmental level. In March the Ministers of Finance of the European Union came to agreement in the issue of legislative control of payment services. The bill takes away all legal barriers in the field of consummation of Single European Payment Area (Sepa). Besides that the foreign payments (within the EU), performed by means of electronic transfer, credit, debit cards or by any other ways will not be more expensive than the similar payments inside the country.

We can say unambiguously that the virtual economy with such development results is able to eclipse the dynamics of many traditionally successful business industries. And on the wave of optimistically developing tools of e-finance control we would like to address all our readers and clients and also those who want to join them and to wish them in this coming year a success which is commensurable with the similar achievements in EPS market, and surely only a positive vector of your on-line business development.

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