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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.03.03 04:02:00 -
[1]
 Originally by: Kushion
Will be interesting to see how this turns out...
Oh, and what ice changes?
This part of the newsletter was worded incorrectly. I could have sworn our draft was correct.
Originally by: Newsletter
Last but not least, with the changes to Ice fields, we will see demand for Ice soar to levels not seen before
This was supposed to say
Originally by: CORRECT Newsletter
Last but not least, with the rumored upcoming changes to Ice fields we will see demand for Ice soar to levels not seen before.
The rumor, was that CCP were removing Ice from empire.
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.03.03 04:36:00 -
[2]
Originally by: Treelox
Originally by: EBANK Ricdic
The rumor, was that CCP were removing Ice from empire.
linkage to said rumor, pls....
Can't do.
As above by SencneS it hasn't been officially announced by CCP in any form
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.03.05 05:21:00 -
[3]
Originally by: Kwint Sommer
I've just had a revelation as to what Ebank really needs, credit.
We already have this facility and have had it since loan conception 
Quote:
The only remaining flaw I see is that all sending of funds still has to be done by a teller. Hopefully CCP will finally allow for the transfer of ISK via API-key or some other automated process.
Yes this is something that cannot be bypassed atm. However you can ie have a 5b credit card account with EBANK, so you pay interest on outstanding balance, and you can withdraw from that credit account just like a normal savings account. A handful of our clients have utilised the service.
Quote:
Because getting a loan takes a few days and has administrative costs to administer. Hence, for short-term on-the-spot needs a traditional loan satisfies neither the lendi (too slow) nor the lender (too little profit given the administrative costs).
Once you have a line of credit with EBANK you can have it running literally forever as long as you don't let the balance hit 0.00. Hitting zero causes the loan to close (bug). But this does sound perfect for your situation so let me know if you want it organised.
Quote:
Thus every time they offer credit to someone they have to consider the full value of that credit to be on loan as far their cash reserves are concerned. This would rapidly deplete their truly available capital while only a small portion of that credit would actually be earning interest.
This is probably the only reason we don't actively advertise these credit accounts. There's no trend or ability to really forecast the comings and goings of isk in a credit card account. But we have been releasing them over time in limited fashion (as they are usually unsecured anyway so only for trusted people) but as capital reserves increase, so too will our implementation and offering of them. We do charge a higher interest rate to compensate for such a loan however, and it is completely automated within your EBANK account like a normal loan.
Quote:
I for one would have happily taken out a 2 or 3 billion line of credit for this month if I had the option.
You do Contact me on MSN however as I am unable to log into eve at the moment due to having no DSL access at home.
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.03.05 05:23:00 -
[4]
damnit i am slow,
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.03.05 05:31:00 -
[5]
Edited by: EBANK Ricdic on 05/03/2008 05:34:13
Originally by: Treelox
and sadly special me (in the short yellow bus fashion), accidentally closed mine when I had just intended to make it a really really small ammount outstanding.
If you want it reopened, just re-request the balance and it shall be done.
edit: A line of credit is really awesome in Eve as it allows you to just grab funds needed without needing to go through hoops. Need an extra 1b for this trade run you see, just action a withdrawal on pre-accepted funds.
I guess the next step we in EBANK need to determine, is a way to get funds to clients faster. I have been thinking about this, things such as having 3rd party brokers available who can action an EBANK withdrawal through a specific party and have it automatically credited to their EBANK account. Something like that. But I think the affiliates system should definetly allow this functionality.
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.03.05 09:41:00 -
[6]
Originally by: LaVista Vista
Extremely interesting idea. But why would an affiliate actually do that?
Well lets assume the person in question keeps large sums of cash on hand, such as Shadarle. The system is kinda in place already with player to player transfers. Consider this scenario:
Mining Bunnz wants to withdraw 500m from his EBANK account. He speaks with Shadarle who will forward him the isk once it is transferred from Mining Bunnz EBANK account to Shadarle's EBANK account.
Now, the P2P system gives an idea on how it's possible but it isn't flawless in that regard. The flaws I see are as follows :
1) EBANK charges a transfer fee for P2P transfers (I believe it's 0.1% of transaction value)
2) The person recieving the isk needs an incentive to do so. This may be in the form of that 0.1% broker fee, or some completely different fee.
3) There is no current mechanism to avoid a scam (ie Bunnz transfers Shadarle funds through EBANK account, and Shadarle doesn't pay him the funds). Obviously it's unlikely it would happen with these individuals but I want to make an affiliate broker a position anyone can have to earn a few extra isk with capital lying around on hand.
See, the idea behind the affiliate system is as follows:
1) Buyer requests item
2) Buyer transfers isk to sellers EBANK account (but funds in locked state)
3) Seller confirms receipt of isk and sends item in question
4) Now, buyer has two options here
a) He can accept receipt of product and inside his EBANK account he can mark this transaction as successfull. By marking as successful those EBANK funds are unlocked to the seller)
b) He can dispute the transaction. He has 7 days to dispute a transaction (this is the max amount EBANK will lock funds where no dispute is in force). He can feel assured that the isk is locked down long enough for the EBANK Complaints team to investigate the transaction and make a decision on the outcome.
So, that's how affiliation through EBANK is supposed to work (assuming it goes through like this)
Now, lets assume broker affiliation using the same above scenario.
Shadarle offers the ability to buy isk using EBANK $$$. This is the exact same money, ie 1m isk is 1,000,000 EBANK isk. However it's just structured in a way where somebody can contact Shadarle and request to buy say 500m isk.
The buyer wires 500m from his EBANK account to Shadarle's EBANK account (in a locked state). Shadarle then sends the ISK. If Shadarle doesn't send the isk then it can be disputed as above. Therefore the isk remains in a locked state pending resolution of issue.
Basically the affiliates system is planning on being a way to do the following:
a) Allow the ability to use your isk in your EBANK account without needing to always withdraw it.
b) (using above example) Facilitate the ability to have far faster withdrawals (ie picture a list of EBANK affiliated loanee's ingame where you can just find one online and request a certain amount of isk from your EBANK account.
Now, I don't like the idea of EBANK profiting off customers using the affiliated loanee's to have withdrawals actioned. I am still a little undecided on what approach we should take. But it needs to be of some profit to the affiliate. Even if EBANK itself pays the affiliate. Anyway, most of the above is my ideas on where the affiliates program should be heading and may or may not be implemented and may or may not be accepted by the board.
Take it more as an idea of the way I want to see us allow almost instant access to your EBANK account at times of withdrawal without needing 50 EBANK tellers with isk spread all over the place.
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EBANK Ricdic
Eve-Tech Savings n Loans
Zzz
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Posted - 2008.03.15 17:02:00 -
[7]
We wanted to put this in a new thread however CCP Mitnal has been locking them as he wants us to only deal with one thread. So please don't take this as our trying to cover this up.
Today Jensius Duo of Digital Fury Corporation [D-F-C] attempted to hack into our EBANK systems. I will let Hexxx provide the details behind it, however he didn't manage to steal anything (information nor isk).
We are releasing this information as we feel the public have the right to know. We have Jensius's IP address and have blacklisted his EBANK account. We will also be disallowing his corporation from becomming EBANK customers unless he is removed from the corporation.
We want to reiterate. Your account details are completely safe. No funds were stolen in any way, and measures have been put in place to ensure this cannot happen again.
Hexxx will follow up with his technical talk explaining what happened.
Thank you for your time.
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EBANK Ricdic
Eve-Tech Savings n Loans
Zzz
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Posted - 2008.03.15 17:27:00 -
[8]
We wanted to put this in a new thread however CCP Mitnal has been locking them as he wants us to only deal with one thread. So please don't take this as our trying to cover this up.
Today Jensius Duo of Digital Fury Corporation [D-F-C] attempted to hack into our EBANK systems. I will let Hexxx provide the details behind it, however he didn't manage to steal anything (information nor isk).
We are releasing this information as we feel the public have the right to know. We have Jensius's IP address and have blacklisted his EBANK account. We will also be disallowing his corporation from becomming EBANK customers unless he is removed from the corporation.
We want to reiterate. Your account details are completely safe. No funds were stolen in any way, and measures have been put in place to ensure this cannot happen again.
Hexxx will follow up with his technical talk explaining what happened.
Thank you for your time.
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EBANK Ricdic
Eve-Tech Savings n Loans
Zzz
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Posted - 2008.03.16 05:26:00 -
[9]
Originally by: Melinda Bettin
Originally by: Stellarr
And what will they do?
As long as people check their EBANK account everyday, I suppose even discrete player to player transfers won't go unnoticed. Kinda defeats purpose of "passive income" though.
We definetly don't expect people to check their accounts daily.
EBANK are responsible for issues that occur as a result of hackers and the likes. We know roughly how many withdrawals a day are normal, and how much isk generally flows through player to player transfer.
It's extremely easy for us to see inconsistencies in these values and determine if something like syphoning of isk was occuring. On the off chance that it does somehow happen EBANK hold full responsibility. There will be no customer losses.
I assure you all we would see within minutes if a hacker tried diverting funds to his account. Hell, customers would also be able to track this via our statistics page. You can see our transfers fee's are quite low. This means they are easily tracked, and a large spike would be seen in very little time.
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EBANK Ricdic
Eve-Tech Savings n Loans
Zzz
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Posted - 2008.03.19 04:08:00 -
[10]
Hi Nairb.
Interest is calculated and added daily.
You should see something like the following occuring on your account:
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