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Online Visa card provider NextCard, Inc. has lent some legitimacy to the often-maligned world of "electronic currency" by entering into a strategic partnership with Flooz.com, a company that provides "gift currency" that can now be used at more than 60 Internet stores.

In the wake of a series of high profile denial-of-service attacks that have heightened public fears about the Internet and e-commerce, the Information Technology Association of America (ITAA) has announced E-Shield, a campaign that is intended to counter online security breaches and attacks.

Japan's rush to soar into cyberspace reportedly made it easy for hackers to attack government Web sites last month, and the country's vulnerability is reflected in similar attacks on major U.S. sites this week.

CMGI Buys uBid.com for $400M

Internet venture capital firm CMGI (Nasdaq: CMGI) announced today that it will pay approximately $407 million (US$) for auction site uBid.com (Nasdaq: UBID) in a stock deal that will lodge the network squarely in the highly competitive online auction industry.

Software solutions developer Corel Corp. (Nasdaq: CORL) announced this week that it has entered into a licensing agreement with Macromedia, Inc. (Nasdaq: MACR) to bring Macromedia Flash technology to its distribution of the Linux operating system.

Just one day after a hacker attack on Yahoo! shut the giant portal down for several hours, several leading e-tail sites were similarly affected by what appears to be an orchestrated, Web-wide act of sabotage.

Auction portal Bidder's Edge, Inc. filed an antitrust lawsuit against eBay, Inc. yesterday, alleging that the giant online auctioneer had attempted monopolization, interfered with contractual relations, and utilized unfair practices.

One of the most popular Internet content and commerce sites, Yahoo!, was taken down for three gut-wrenching hours on Monday by a malicious hacker attack. The cyber-assault was of a genre known as "denial-of-service," in which a Web site cannot function normally because its system is overloaded with ...

In the latest skirmish over the complex copyright issues surrounding music sales over the Internet, online digital music provider MP3.com (Nasdaq: MPPP) filed a countersuit yesterday against the Recording Industry Association of America (RIAA), alleging unfair business practices.

The U.S. Department of Commerce has earmarked $175 million (US$) for e-commerce initiatives in its fiscal year 2001 budget, but the proposal faces certain opposition in the Republican-led Congress.

Last week, Motorola, Inc. (NYSE:MOT) announced plans to make a "virtual credit card" developed by Trintech (Nasdaq:TPPA) available on its lines of mobile phones. By pushing a button or issuing a voice command like "buy" or "pay," mobile users will be able to complete e-commerce transactions in secon...

A new study from ActivMedia Research shows that even the most aggressive e-commerce marketing strategies are unable to compete step-for-step with the power of brand names and built-in customer loyalty.

Attorneys General in 17 states have launched undercover operations against online tobacco dealers with the latest results being four Web smoke vendors reportedly agreeing to ban sales to under-age buyers in Oregon.

Two companies with widely divergent strategies are leading the charge to develop the market for selling used cars online.

If you are interested in playing 18 holes with Tiger Woods or taking batting practice with New York Yankee Derek Jeter, a new company called Ultimatebid.com has made a deal to auction off such "experiences" to the highest bidder via the Internet.


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