Claim Of '54 Terrorist Attacks Thwarted' By... >> << White House Assures German Chancellor It Is... (Mis)Uses of Technology by Mike MasnickWed, Oct 23rd 2013 1:35pm Filed Under: banks, bitcoin, sean percival Permalink.Short link.Bank Calls Customer Over Detected Bitcoin Transactions, Asking What They Were Forfrom the so-much-for-privacy dept One of the key reasons many people support Bitcoin is that it's supposed to be anonymous, like cash.However, Sean Percival today wrote about how he received a phone call from his bank, because "they detected Bitcoin related transactions," and they asked him if it was for personal use or business.And, no, it wasn't because of some concern about fraud.Percival clarified that it was just about Bitcoin, and said they wanted to know about "a spike in activity" with merchants like Coinbase.He later confirmed that it was not even from the fraud department.Percival does not name the bank, other than to say that it's "one of the biggies."

It will be interesting to see if this becomes a regular thing, and whether or not it'll become yet another path for government officials to try to track Bitcoin usage.Guy Who Wants Everyone To Believe He Created Bitcoin, Now Patenting Everything Bitcoin With An Online Gambling Fugitive Court Rubber Stamps IRS's Demand To Get All Coinbase User Data IRS Demands All Info On All Coinbase Customers Daily Deal: Bit.Yoga Good To See: Blockstream Promises Not To Abuse PatentsSign in to follow this 2 Started by Rippler123, October 6, 2015 Prev 1 2 Next Page 1 of 2 Prev 1 2 Next Page 1 of 2 Create an account or sign in to comment You need to be a member in order to leave a comment Create an account Sign up for a new account in our community.Register a new account Sign in Already have an account?Sign In Now Sign in to follow this 2One of the biggest challenges any business faces is cash flow, and marketing agencies are no exception.

With most agencies getting paid on Net 30 terms, there is a huge opportunity to improve cash flow by shortening the payment cycle.This can be accomplished in a variety of ways, from changing terms (which isn’t very client friendly) to providing clients with an expanded menu of payment options (more client friendly, but sometimes costly for the agency).Most agencies opt for the latter, choosing to offer clients the option of paying via credit card, ACH, or check.While these are all very convenient for clients, there are costs and risks associated with each: Both credit card and ACH transactions sometimes incur “charge backs” or disputes from customers.Customers may claim that the charge was false, unauthorized, or that their account information was misappropriated.When this happens, agencies have little choice but to absorb the loss.In addition, companies that accept credit card or ACH payments are obligated to safeguard clients’ payment information (including credit card and bank account numbers), and if this information is mishandled, it can pose a serious risk to the agency.

For marketing agencies struggling to improve cash flow, reduce risks, and improve the customer experience, bitcoin offers a number of advantages.Since its emergence in 2009, bitcoin has grown to become the world’s most widely used cryptocurrency.bitcoin wiki altcoins, Amazon, Dish Network, Target, CVS, Dell Computers, Paypal and eBay, Expedia, Home Depot, the Sacramento Kings, Kmart, and Sears.bitcoin union squareThe biggest challenge to wider adoption of bitcoin is the lack of understanding about what it is and how it works.richmond teo bitcoinBitcoin is considered a “cryptocurrency” because payments work peer-to-peer.1 bitcoin to dogeThere's no central repository or single administrator, such as a government or national treasury.bitcoin aktie kurs

The bitcoin peer-to-peer network is made up of thousands of computers run by individuals around the world.Think BitTorrent (a file-sharing system), Napster (music sharing), or Skype (audio, video, and chat) -- all of these platforms operate on similar peer-to-peer electronic networks.aquistare bitcoinWhen someone wants to make a payment using bitcoins, he must initiate the transaction using a private key (much like a password).guide utilisation bitcoinOnce the transaction has been processed (which occurs almost immediately), the payment cannot be taken back or refunded.how many litecoin are thereThe person or company who accepts the payment can choose to either accept it in the form of bitcoins or can use a third-party processor to convert the bitcoins into cash.la times bitcoin collapse

Because bitcoins are not regulated by any central government authority, and are therefore difficult to trace, they have been used in some cases to facilitate illegal or black market transactions.As a result, much of the press surrounding bitcoin has been negative and this has led to a reluctance on the part of many businesses to accept it as a form of payment.In reality, for legitimate businesses, there is very little risk in accepting bitcoins and a big upside both in terms of the potential to boost customer satisfaction and improve the company’s cash flow.Agencies that wish to get paid via bitcoin can either accept actual bitcoins or work with a third-party payment processor that will turn bitcoins into cash, much like credit card companies do.From a risk management standpoint, the latter approach is much safer and the only way I would recommend agencies consider accepting bitcoin for payment because it eliminates exchange risk as well as the risk that the bitcoins will be stolen if the company experiences a data breach or gets hacked.

Agencies that accept bitcoins stand to benefit in several ways: In addition to the financial benefits, there are other, less tangible reasons that marketing agencies should consider accepting bitcoin.Chief amongst these is increased customer satisfaction.By including bitcoin amongst the accepted forms of payment, agencies can offer their clients more options and allow them to pay for the services they are receiving in the way that is easiest and most convenient for them.While bitcoin use is not as widespread as credit cards, it is gaining traction amongst dot-com and high-tech firms, which can be very lucrative clients for the agencies that represent them.For the reasons outlined above, there is a small but growing cadre of advertising, marketing, and PR agencies that have chosen to accept bitcoin.My firm, Quintain Marketing, is one of them.Others include KCD PR in San Diego, DiMassimo Goldstein in New York, and 5ivecanons in Jacksonville, Florida.Because there are so few agencies are taking bitcoin at this time, those that do are enjoying significant press coverage.

Getting started is surprisingly easy and fast, and there are plenty of companies dedicated to helping businesses that want to accept bitcoin get set up.In our case, we worked with Baltimore, Maryland-based Bitsie, an agency that helps businesses navigate the process of establishing a bitcoin merchant account.All it took was a quick, 15-minute phone call with a representative and five minutes to set up an account.Bitsie then connected us with Bitpay, a third-party payment processor that will convert our bitcoin transactions into cash which will then be deposited into our bank account.Creating our account with Bitpay was equally easy and took about 15 minutes.Bitpay isn’t the only payment processor out there.Other popular payment processors include Coinbase and GoCoin.Take some time to browse their sites, and find the one that’s right for you.And if you can, work with a local bitcoin agency.It will help simplify the process, and you’ll have someone you can turn to for help if you have questions.