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Internet service provider PSINet Inc. announced today that it has made an agreement to buy Transaction Network Services Inc. for $45.28 a share in cash and stock, or $705 million (US$). Analysts say the move will give teeth to the Herndon, Virginia-based company's planned foray into e-commerce.

According to a poll conducted by Jupiter Communications, almost two-thirds of online consumers are unlikely to trust an e-commerce Web site, despite privacy and security-related policy disclosures.

Although the International Corporation for Assigned Names and Numbers has backed off its plan to charge $1 ($US) for every domain name registered, Rep. Thomas Bliley (R-Virginia) continues to probe the group's finances and activities.

In a move designed to help online shoppers sift through the abundance of products on the web, BuyWiz Inc. has launched a free "universal shopping cart" program. The software, which can be downloaded from the BuyWiz Web site, allows shoppers to collect items from a variety of different online stores ...

The stunning success of Red Hat Inc. has generated much attention for the once obscure Linux operating system. However, some wonder if the color of money will spawn the kind of greed that could end up spoiling the entire party.

For the second time in a month, Toys "R" Us Inc. has dropped the ball in its attempt to ramp up its e-commerce presence before the holiday shopping blitz.

Move over eBay, there's a new kid on the block. German media titan Bertelsmann AG has staked a claim to the burgeoning online trading market with the launch of its own Internet auction site.

Amazon.com (Nasdaq: AMZN) announced Friday that it is introducing a new feature which will enable shoppers' preferences to steer other online gift-buyers to a book, music or video selection.

E-commerce payment technology developer CyberCash, Inc. (Nasdaq: CYCH) announced Friday that it has picked up another $15 million in equity investments through a private placement of stock and warrants. CyberCash plans to use the money for expansion, marketing, acquisitions and investments.

Ireland's Ulster Bank announced this week that Baltimore Technologies (London: BLM), a provider of e-commerce and enterprise security solutions, will be tapped to guarantee the confidentiality and integrity of Internet transactions for its new online banking service.

In yet another response to the Internet sales boom, AbsoluteFuture.com (OTC Bulletin Board: AFTI) is working on a new program to handle product returns and, when necessary, dispose of them in an environmentally safe manner.

StarMedia Network (Nasdaq: STRM), a leading online network for Spanish and Portuguese-speaking audiences, will now offer its users direct access to online grocery shopping. The network surprised some observers by forgoing well-known players like Webvan and Peapod in favor of LatinGrocer, an online g...

A new deal between Compaq Computer Corp. (NYSE: CPQ) and CMGI (Nasdaq: CMGI) promises to give the computer manufacturer's operations executives plenty to do on several different fronts. With a 16.4 percent stake in CMGI -- a "diversified Internet operating company" -- the firm is now the largest out...

Online wedding resource and gift registry the Knot has renewed its vows with America Online (NYSE: AOL), and will now become the premier wedding content partner for AOL, CompuServe, AOL.com and Netscape Netcenter. Additionally, the firm will be an anchor tenant in the registry area of Shop@AOL, Shop...

IDT Corporation(Nasdaq: IDTC), a Hackensack, New Jersey-based telecommunications and Internet access provider, will join the crowded online food service fray with its new restaurant directory Web site.