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Sam Salter and Jason Wyatt last week won a Telstra business of the year award for their South Melbourne based BikeExchange.com.au. But they’ve already set their wheels in motion for their next big thing – babies. Or, to be more precise, a site devoted to selling and trading all things related to babies – www.tinitrader.com.au Click on the title to read more Business of the year winners at BikeExchange.com.au set their sights on babies A remarkable 18% jump in the value of international sales reported in the National Australia Bank’s Online Retail Sales Index between June and July has once again raised doubts about the accuracy of the Index. Compiled by market researchers Quantium under contract to the NAB, the Index rose overall from 189.1 to 200.1 from June Click on the title to read more Latest statistics raise new doubts over NAB Online Retail Sales Index Earlier this month Westpac announced trials of a new payment system where customers will use their mobile phones as a virtual debit card. And last week Cabcharge reported that 25% of all the Visa card transactions in its taxi cabs on weekends are now contactless. Yesterday’s announcement that Coles has upgraded all the EFTPOS terminals Click on the title to read more Reserve Bank of Australia threatens regulation of mobile, contactless payments. Australia’s listed e-commerce companies have all reported record financial results and increased profits. SEEK, Real Estate.com.au, Wotif.com, Trademe and Melbourne IT all announced results this week, following on Carsales.com, which announced its latest results last week. SEEK SEEK is the most profitable of the local online players, reporting net profits after tax of more than Click on the title to read more Australia’s listed e-commerce companies: SEEK, Realestate.com.au, Melbourne IT, wotif.com, Trademe all report better results Source: Venturebeat.com Australia’s Federal Police has confirmed up to $25million may have been lost and details of up to 500,000 credit cards stolen in hacks of local businesses. A statement emailed by the AFP to eCommerce Report earlier this week said it is “…currently investigating a series of merchants whose individual computer systems have Click on the title to read more Australian Federal Police confirm card hacking investigation at local business |
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