Senator John Ensign (R-NV) proposed a bill that would eliminate the requirement that video service providers obtain a cable franchise agreement in order to provide video service. The legislation seeks to promote inter-modal competition between telcos and cable operators by making it easier for telcos to launch video services. The proposed Broadband Consumer Choice Act of 2005 would also set federal consumer protection standards, and would assure consumer access to Internet-based phone service. "We must not allow government regulations to be an anchor on the advance of technology if we want America to lead the world in the information age," said Ensign at a Capitol Hill press conference. The full text of the proposed legislation is online (72 pages).
The world of eCommerce payments has evolved. As we look toward the latter half of this decade, we're witnessing a transformation in how digital commerce operates, with a clear shift toward localized payment solutions within a global marketplace. The numbers tell a compelling story. According to Juniper Research's latest analysis, global eCommerce transactions are set to reach $11.4 trillion by 2029, marking a 63 percent increase from $7 trillion in 2024. This growth isn't just about volume – it's about fundamental changes in how people pay for goods and services online. Perhaps most striking is the projected dominance of Alternative Payment Methods (APMs), which are expected to account for 69 percent of global transactions by 2029, with 360 billion transactions processed through these channels. eCommerce Payments Market Development What makes this shift particularly interesting is how it reflects the democratization of digital commerce. Traditional card-based systems ar...