Feeds

BidPay.com closes its doors

A 'strategic decision'

3 Big data security analytics techniques

BidPay.com - the online money transfer service backed by Western Union - has pulled the plug on its service.

A note on its web site reads: "Effective December 31, 2005, BidPay.com, Inc. will be discontinuing operations. As a result, BidPay will no longer offer payment services to the online auction industry."

According to AuctionBytes.com, the firm told punters of plans to close the service just before Christmas. BidPay enabled punters to buy money orders online which could then be sent to people flogging goods on eBay.

In a statement a spokeswoman for BidPay told The Register that the firm had "communicated directly with many of its customers" about the closure.

"The decision to discontinue operation of BidPay.com was a purely strategic one, allowing BidPay's parent company to focus resources on its core businesses.

"We regret any inconvenience to BidPay.com users and thank them for their loyal patronage," she said. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.