E-commerce is a novelty in Armenia but it is gradually gaining momentum. In the past two years Armeia has launched two e-payment systems both oriented to Armenian Dram.

As payment methods continue to change, so will fraudsters find new ways to steal people’s money. So what are the guidelines for protecting oneself against fraud - do consumers have any rights in this regard?

Heartland Payment Systems announced yesterday that it's data security is breached. Washington post calls the Heartland Payment system security breach possibly the largest ever.

Two things that have revolutionized shopping and buying habits of people are internet and credit card processing. The credit cards have empowered people with unprecedented buying powers. Using this plastic card one can buy anything even if he does not have cash with him. Moreover, one gets the option of buying first and paying later which is almost irresistible, but needs to be used with responsibly.

I assume you know what phishing is, but if you don't, it's basically trying to get sensitive - and particularly financial - information from people by impersonating a trusted entity in an electronic communication, typically an email. Paypal is getting ready to fight this.

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There is an alternative and new payment system in the market called Bill Me Later. As a new online payment system BillMeLater allows you to pre-register and prevent you from having to enter your credit card numbers on lots of different sites.