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Cornerstone First Financial

The Mortgage Minute Update: July 26, 2011

wordpress.com For more information on Cornerstone First Financial, visit http ... (more info) (less info) ... Cornerstone FF ... "The ...

Online payment tool looks beyond China's borders

Alipay was created in 2004 as a tool to allow transactions on Alibaba's Taobao e-commerce site. But it has enjoyed exponential growth since, by introducing a string of financial products and services.

Now the popular payment tool is rolling out its businesses abroad to provide the world with its own brand of mobile solutions.

Overseas, Alipay is accepted at more than 100,000 merchants, including high-end shopping malls such as Harrods and Printemps, both magnets for Chinese consumers. In the latest national holidays, Alipay saw the number of its overseas transactions quadruple, among which Europe secured the fastest growth with 18 times year-on-year.

To quench the thirst of wealthier Chinese buyers, Alipay even introduced its payment services in October at 10 major overseas international airports in Germany, Japan and New Zealand. Departure tax refunds services processed by Alipay were also made available in 23 countries.

From buying luxury bags to paying Uber bills, the country's top wireless payment provider has a vision to serve 2 billion global customers in the next decade, with more than 60 percent of users from outside the Chinese mainland. Currently overseas users have reached 200 million.

Depomed (DEPO) Enters Cooperation Agreement with Starboard ...

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Depomed, Inc. (NASDAQ: DEPO ) today announced that Arthur J. Higgins has joined the Company as President and Chief Executive Officer and member of the Board of Directors, following the resignation of James Schoeneck as President and Chief Executive Officer and member of the Board of Directors. Mr. Higgins is a highly respected executive with over 35 years’ experience in the pharmaceutical and healthcare industry. Serving as CEO of Bayer Healthcare, he helped transform the company into a leader in global pharmaceutical and consumer healthcare. He previously served as Chairman and CEO of Enzon, Inc., and President of Abbott Laboratories Pharmaceuticals Division, and more recently has served as Senior Advisor to The Blackstone Group.

“I am honored to be able to work with the management and the Board of Depomed. We have an opportunity to accelerate Depomed’s journey as a leader in pain management and neurology as we maximize value for all shareholders,” said Mr. Higgins.

Is this a scam?

My husband recieved a check in the mail from a financial management firm in Canada, along with a letter explaining he won a cruise and $33,000. He was supposed to cash the first check, for $2999.


don't give anyone your info, don't wire anyone money. as long as you don't do anything like that, you'll be fine. This does sound like one of those scans where they send you a check and then have you wire them money. So be careful of that.