Word: credit-card
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...Credit card companies in particular have latched on to the student market, with the knowledge that they could be creating lifelong customers. ASL documents filed with the SEC show that credit-card companies represent the bulk of the list-maker's business...
...Internet landgrab isn't over just yet. Our infrastructure is scalable, so costs will drop as sales grow. The average customer is ordering more. Sales grew 84% in the second quarter. We pay $13 in marketing to acquire a customer--less than a fifth of what it costs credit-card companies. Most of our businesses are less than a year old. Expect profitability in a few years, unless some other great investment opportunity comes along. Don't get it? Don't worry. "This is not a company to try to understand on the surface," says Bezos. "It requires focus, concentration...
KEEPING TABS Letting the rent go this month? That could cost you down the road. Rentport Inc. is collecting data from landlords on the timeliness of their tenants. While most are diligent about making their credit-card and car-lease payments on time, an estimated 5% slide on their rent checks, knowing it won't affect their credit rating. But now all three major credit-reporting agencies will be provided with this information. Rentport says tenants who pay their rent on time will improve their credit history. Certainly, using the data to avoid renting to potential deadbeats will help...
...path to democracy - but his pleas may fall on deaf ears. After all, the White House told hundreds of visiting U.S. business executives and journalists to bring cash - preferably in the form of $100 bills - to avoid having to use their credit cards in scam-rich Nigeria. Foreigners' credit-card receipts often are seen as "legal tender" by unscrupulous Nigerians, who will use numbers plucked from receipts to buy goods for themselves...
...result in a higher tax on books delivered online than those bought in a bookstore. Ken Wasch, president of Europe's Software & Information Industry Association, called the directive "simply unenforceable." Guido de Wit, a VAT tax expert with a Brussels law firm, notes that the commission intends to use credit-card billing addresses in chasing tax revenues. That, he observes, is likely to run afoul of credit-card companies that want no part in releasing information for tax purposes. Nor is it at all clear how European tax authorities could audit the flow of international e-commerce or sanction those...