Word: payment
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Investors showed confidence in Internet bill-payment company PAYPAL last month, buying $70 million of its stock the first day it traded on the New York exchange. But PayPal, which allows registered users to transfer funds to one another, is unpopular among bankers, who accuse it of operating as an unregulated bank. Some customers say the firm unduly delays transfers to accrue interest, and they fear losing their money if the service, which is not federally insured, falters. Before its IPO, several states informed PayPal it would have to obtain a banking license. Its defenders say the opposition exposes nervousness...
Sullivan told an audience of Harvard students last night that he was concerned about inequity between towns, as he said he knew that Harvard’s Payment in Lieu of Tax (PILOT) to Watertown would total an excess of $3 million dollars—while Cambridge currently receives nearly $1.6 million in PILOT...
Meanwhile, Molecular, another tenant, is withholding payment from Harvard. The web developing firm rents 90,000 square feet of the Watertown space...
...Payment options are equally varied: you can pay $20 extra for priority mail, or you can have everything shipped UPS. Scrolling through the (minimal) shipping guidelines, some sites make it hard to ignore flashing disclaimers: "Some of our suppliers will send you drugs even though they violate the laws of your country. It is your responsibility to consult with your physician before taking any medication, and know the laws concerning the importation of scheduled drugs to your location...
...PLAY BALL Bankrupt Enron wouldn't seem to have a lot of extra cash to throw around these days. But last week it made a $90,000 payment for its box-seat tickets at Enron Field, home to the Houston Astros, and on Jan. 22 it remitted $108,000 for a luxury suite. Both payments are required as part of the 1999 deal in which Enron agreed to pay $100 million for naming rights to the stadium for the next 30 years. Enron says it is merely honoring its contractual obligation. However, it has forfeited on another contractual obligation...