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View all news of Zong
Posted on May 20, 2011zong: @Clydeside_Red Liz, we've been trying to return your money, but you're not really making this possible...
zong: @Clydeside_Red Liz, we've been trying to return your money, but you're not really making this possible...
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View all news of Zong
Posted on May 20, 2011zong: @Clydeside_Red what happened? we'll get this sorted out for you.
zong: @Clydeside_Red what happened? we'll get this sorted out for you.
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View all news of DAOPAY
Posted on May 19, 2011DaoPay: If you're not already aware, you can also interact with us via our Facebook presence: http://www.facebook.com/daopay - see you there!
DaoPay: If you're not already aware, you can also interact with us via our Facebook presence: http://www.facebook.com/daopay - see you there!
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View all news of Zong
Posted on May 2, 2011zong: Developers, if you're debating between native app vs mobile web browser, this blog highlights some good considerations: http://t.co/A6T33te
zong: Developers, if you're debating between native app vs mobile web browser, this blog highlights some good considerations: http://t.co/A6T33te
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View all news of Paybyweb
Posted on April 29, 2011Cyber Spies: Not Your Typical 007
Purchasing goods and services online is more convenient than ever. Whether you are going to buy a book, a home, musical equipment or if you are booking a flight or a reservation at your favorite resort or restaurant, people are doing all their shopping via the Internet. A credit or debit card is required when shopping online. There are other forms of electronic payments; however, charge cards are the most popular mode of payment that many consumers use in shopping online.
Credit cards allow the cardholder to purchase goods and other services not exceeding a predetermined amount better known as a credit limit. When a customer swipes their card or enters their card information on a secure, online form, several technological wonders occur. Within a matter of seconds, the merchant receives the cardholder’s information; the bank that issued the plastic card pays the merchant for the product or service. At some point, usually within thirty days, the card holder repays the bank on a designated date. All though this sounds easier said than done, unfortunately, many people take advantage of the system in malevolent ways.
Credit card and identity fraud has increased at an alarming rate. This can be accomplished in many ways. Spies have been portrayed as cunning and mysterious. The same applies to cyber spies. A common way cyber spies take advantage of a cardholder is by sending spyware to an unsuspicious Internet consumer. Spyware is a type of malware that can be installed on computers, and which collects small pieces of information about users without their knowledge. The presence of spyware is typically hidden from the user, and can be difficult to detect. Once a spyware is able to find your personal data about your card, it then transmits it to the distributor of the spyware. Now that the distributor of the spyware has your personal data, they either sell your information to the highest bidder or impersonate you. Now, that the distributor has your information, they can approve themselves as the owner of your account. Then, they can request a new pin number and extra credit cards. At this point, they can purchase items or take out cash advances on your account.
Credit card holders need to always be ultra-conscious of their accounts. Guard your credit card data by making sure you are shopping at legitimate sites who utilize secure servers during the check out process. Install anti-spyware programs on your systems to eliminate potential threats. Don’t just give out your personal information when making purchases at a store or online. It is worth being prepared with all the knowledge and tools necessary to avoid being a victim of credit card fraud or identity theft.
Help protect your customer’s personal data and keep up with the competition by establishing a merchant account to accept credit card payments. You will be glad you did, and so will your customers. -
View all news of Global Digital Pay
Posted on April 28, 201150% Bonus if you Deposit funds in Gorgon Project Invest
In a massive promotion we have teamed up with No.1 Investment web site Gorgon Project Invest to offer a huge 50% bonus.
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View all news of Amazon
Posted on April 27, 2011Checkout by Amazon Now Available in Germany
Following the recent release in the UK, we are happy to announce that Checkout by Amazon is now available to retailers in Germany. Online retailers in Germany can now integrate with Checkout by Amazon to offer customers the trusted Amazon...
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View all news of Obopay
Posted on April 26, 2011BAYPAY: MOBILE PAYMENTS BEYOND NFC.
Not many days are like the one I had last Tuesday. I had two speaking engagements in the Bay Area in one day. One was to executives of venture firms discussing the shifting landscape in venture (isn’t venture always shifting?), and the second was an evening BayPay Forum event. The BayPay Forum is an organization in the Silicon Valley whose primary goal is to provide a face-to-face professional networking for exchanging views on issues within the payments industry.I knew as soon as I walked in that it would be a great experience. There were about 170 people and I think I knew at least 50 of them – more than 140 large and small companies were represented, and all levels of management. And there were ten company CEOs present currently working on mobile payment technology—a few working on their second company in this space.
According to the BayPay Forum’s registration survey, nearly half the respondents are now most interest in hear about mobile payments—up from a third in previous polls. The formal and informal dialogue didn’t disappoint.
Mobile payments are taking off all over the world, but there are different types of payments and different approaches to each market that can provide both education and inspiration. The panel did a good job of outlining the landscape, and discussing options ranging from the Starbuck’s mobile gift card to the evolution of digital wallets like the one we are working on. Wallets, by the way, that will enable money transfer, online commerce, bill payments and retail—all from the convenience of your phone.
Although the group was mostly from companies or groups focused on the US market, there was keen interest in emerging markets. The audience interest was twofold – learn from those markets or think about how to participate in those markets.
The theme for the night, “Mobile Payments Beyond NFC” is an important one. Despite all the buzz about NFC, mobile payments go well beyond proximity payments as Tim Attinger of PYMNTS.com notes in his coverage of the event. NFC, while still in the investment stage, will ultimately have a significant effect on mainstream retail. There are also big opportunities in transport – trains, metros, mass transit. But, at the same time, the group recognized that NFC will take time to put in place, and between now and then, there are considerable opportunities in the other areas of mcommerce that will happen more quickly.
My points were simple –
1. Many other markets are ahead of the U.S. Large unmet needs are being addressed in Africa and India which represent very big opportunities, these demand very low cost models, and are scaling quickly. They’re not without significant challenges, but they are fueling the global momentum for mobile payments.
2. There are large opportunities in the US market with the Underbanked. This is a large opportunity–60M-90M people, depending on who is estimating. (I fear with Durbin that this number will only grow in the next few years) Mobile brings lower cost, new levels of convenience, and supports hard working lifestyles (budget conscious; on the go; and family financial support).
3. Technology alone is insufficient to serve the market. It must be coupled with business partnerships – or an “ecosystem” approach. To achieve this each participant must benefit (for example, merchants increasing loyalty; banks efficiently providing better consumer experience,; retailers increasing online commerce).
Since payments are not a solo act, and require an ecosystem; this type of networking is extremely helpful in building a more vibrant and innovative payment industry. Thank you to Daniel Chatelain for his ongoing dedication to BAYPAY – it is a labor of love for Daniel – and he does it well.
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View all news of Paybyweb
Posted on April 20, 2011Protecting your customer’s personal information is a great liability and responsibility for a business once a merchant account to accept credit cards for your business is established.
The question is, “Where does my responsibility begin and how is my business liable? In 2006, to make sure that businesses are complying with security standards, the major credit card companies, Visa, MasterCard, American Express, and Discover, collaborated and established security guidelines. PCI DSS, which is an acronym for the Payment Card Industry Data Security Standards, envelops everything from the physical security of credentials to making digital files indecipherable to potential crooks. These rules remain just as relevant today, as cyber criminals incessantly search for new ways to embezzle credit card information.
When taking steps to protect consumer’s data and prevent security breaches, merchants must at least meet the minimum requirements set forth by PCI DSS. Merchants that accept electronic payments must be fully aware of these security guidelines. Whether it’s Wall Street or Main Street, the guidelines that were created by PCI DSS apply to all businesses globally. Below is an overview of the PCI DSS standards:
1. Build and maintain a secure network
• Install and maintain a firewall configuration to protect cardholder data.
• Do not use vendor-supplied defaults for system passwords and other security parameters.
2. Protect cardholder data
• Encrypt transmission of cardholder data across open, public networks.
• Protect stored cardholder data.
3. Maintain a vulnerability management program
• Use and regularly update anti-virus software or programs.
• Develop and maintain secure systems and applications.
4. Implement strong access control measures
• Restrict access to cardholder data by business need-to-know.
• Assign a unique ID to each person with computer access.
• Restrict physical access to cardholder data.
5. Regularly monitor and test networks
• Track and monitor all access to network resources and cardholder data.
• Regularly test security systems and processes.
6. Maintain an information security policy
• Maintain a policy that addresses information security for employees and contractors.
Please refer to www.pcisecuritystandards.org for more information.
Merchants that break these rules can be fined. Upon such a security breach, fines are originally charged to the merchant's bank. At that point, the bank will pass on those charges to the merchant.
A larger concern is if the merchant loses a cardholder’s information. Under the state data breach notification laws, businesses that fail to guard their customers' information must admit the theft. The fines are going to be the least of your worries. Now, because it’s a good possibility your customer will not return, the damage is done and you have just lost business.
Whether it’s at the airport or at your home, security is a top priority. To stay competitive, businesses must establish a merchant account for credit card processing. Protect your customers and your business and secure your electronic transactions. -
View all news of EntroPay
Posted on April 19, 2011entropay: Service is now restored. You can now log into your account. Apologies for any inconvenience during our downtime.
entropay: Service is now restored. You can now log into your account. Apologies for any inconvenience during our downtime.
