Electronic currency -> Payloadz

Electronic money (also known as e-money, electronic cash, electronic currency, digital money, digital cash or digital currency) refers to money or scrip which is exchanged only electronically. Typically, this involves use of computer networks, the internet and digital stored value systems. Electronic Funds Transfer (EFT) and direct deposit are examples of electronic money. E-micropayment systems function as small online payments, typically under US $10. One of the companies with e-micropayment products is Payloadz.

Payloadz offers a secure Digital Goods eCommerce service for anyone to sell downloadable goods online. Payloadz is a service to sell intangible products such as softwares, e-books, digital art, manuals, articles and files. It is an automated delivery service. This means that seller can go on vacation without worrying about sending download links to the consumers every time a payment is made. These files can be either downloaded via hyperlink or sent via e-mail based upon seller's product.

Payloadz has an easy integration with PayPal. Payloadz services can be used depending upon seller’s sales and product’s file size. Payloadz also has a system to let other's sell your products as an affiliate. Payloadz runs very much like ClickBank, but the difference is that it is free to join and has some limitations of course in comparison with ClickBank.

Payloadz is a no brainer online money making tool.

• If you have digital products, you can upload it to Payloadz , create a sales page and drive traffic to it or simply sell your product in Payloadz store .
• Other Payloadz users may have interest in promoting your product as an affiliate at your desired commission rate. Also referring in an affiliate is easy as 1-2-3. Simple affiliate registration and let your products be sold by others in a breeze.
• If you don't have a product yet, you can browse for a profitable product and sell it by just having a link to its sales page and get your commissions directly to your Paypal account .
• You will also be paid for visitors clicking your Payloadz ads, that serves as a Pay Per Click Ads. Earn with out efforts, just endorse.
• You can also refer another Payloadz user, and get commissions on their earnings.

A review on a post on e-tailing from My E-Commerce blog.

Traditionally, Touch ‘n Go cards are for transportation and toll collection. Besides, the Touch ‘n Go card can be used to pay parking fees and transportation fees such as Komuter Tourist Pass (KTM), Putra LRT or Start LRT and etc. With the Touch ‘n Go card, we can save the time from finding for the auto pay machine as we just need to use the card by sensed it at the In or Out entry of the shopping mall parking. With the technology improving, the Touch ‘n Go cards are expanding their applications and services towards the retail purchase, starting with particularly the fast-food industry. The cards are available at the outlets such as A&W, Burger King, Dunkin’ Donut, 7-eveven, Carrefour hypermarkets, Caltex convenience stores and Cinneleisure. We can use the cards to buy burger, doughnut or fastfood from the available 21 outlets.

According to the post, “at present, the cards are used mainly for toll payment only”, therefore the Touch ‘n Go company sets a target to increase 5% to 10% of the cardholders to use it for retail. Besides, they hope to increase the number of retail outlets by 20 a month and even could be more than 150 of such outlets throughout the country by year’s end. In addition, consumers need not worry about the hidden cost because all the chain stores have an agreement that there will be no extra charges for those using Touch ‘n Go cards compared to those using cash. Touch ‘n Go company improves the services to public so that consumers will feel convenient and safety when using the cards. How to measures the safety provided by the company? It is a bit similar with Credit Card Company, if the consumers inform the company immediately when the card is stolen by others or lost, the card will be blocked and the company will issue a new card with the remaining value. Consumers do not have to worry they will suffer from a huge amount of loss even though they had top up the value of card up to Rm1000.

Since the company has provided so many flexibility and excellent services to us, as a consumer, we should get a Touch ‘n Go card. We can use the card anywhere results from the increasing outlets that available for using the card. Besides, we also can have a delicious meal even though we do not enough money because Touch ‘n Go card can help us settle our problem. If the aim of the company can be attained, which is to increase the amount of cardholders to use for retail, the using of Touch ‘n Go card to buy fast-foods in Malaysia is no longer a dream or an aim but is a reality.

As a conclusion, using Touch ‘n Go card do bring a lot of advantages to us and we should fully utilize the services provided by the company. The dream of the Touch ‘n Go company can be achieved if the services of the card can be improved from time to time. When everyone is holding a Touch ‘n Go card on the hand, the card is as success as the Hong Kong octopus card.

Credit Card debts: Causes and Prevention.

Credit card debt is an example of unsecured consumer debts. Credit Card Debt results when a client of a credit card company purchases an item or service through the card system and he or she does not use the card in a proper way. One of the reasons that consumer easily get into credit card debt is the flexibility of credit card provided. For example, credit card allows people make large purchases such as cars or luxury products without paying lump sum at the time they purchase. In other words, it allows consumers use the products or services now and pay later. Therefore, it causes consumers purchase something with credit card without proper consideration before buying. In addition, the due date for credit card payment is up to 12 months, the rest of its existence they end up paying off interest. The debt can be accumulated and increased via interest and penalties charged by the credit card company when the consumers do not pay for the money they have spent. Credit card also offers “incentive” benefits such as the reward program and etc. Credit card’s holders can use their points to get some rewards such as free travel, voucher or any other program.

Credit card can be a great convenience and provides the safety of not dealing with cash, which is more easily lost. Furthermore, consumers feel safety by using credit card to make purchases as they are offered protection under the Consumer Credit Act and they can often get the money back in a fraudulent purchase that any other payment method is unable to provide such protections. Credit Card Company holds liability for unauthorized transaction. Consumers need not bear the huge amounts of lost if their cards are lost or stolen and somebody racks up big charges. They are only liable for $50 even though they do not notice it for 90 days or more or report it immediately. Besides, credit card Company also liable for transaction which is still in disputes process. Consumers can simply contact their credit card company to put a hold on payment if they realized something goes wrong on the payment. They will then follow a dispute process but they would not be liable for the transaction until everything is settle. Overall, the credit card service provides many advantages for the consumers and causes them rely on credit card to make purchases without aware of the credit card debt.

There are some ways to control the debt. Firstly, break the habit of paying only the minimum required of each month. Credit card holders are advised to pay more than half because the longer time they take to repay the charges, the more interest they make and the less cash they have in their pocket. Besides, consumers should check on their outstanding balances regularly instead of check the balance once for a month. It’s too late for them to regret if they have spent too much and out of their ability to pay off the balances. Consumers should eliminate emotional shopping to avoid overspend. They can improve their self disciplines by better management of financial and plan for every significant expenses if possible. In addition, they can try to limit the number of credit cards they possess and the way they use the credit cards. This is because the more credit cards they have, the more they will spend.

Although credit card brings usefulness to the card holders in some ways, it always carries debts at the same time. Therefore, the credit card holders should use the card in proper way so that they can always stay far from the credit card debt.

Mobile Payment Systems in Malaysia: Its Potentials and Consumers' Adoption Strategies

Nowadays, with the advancement in technology changes, mobile phone not necessary must only be a communication and entertainment tool, it also can be used as a credit card as well. Consumers can make payment via SMS (Short Messaging Services) by using their mobile phones.

Mobile Money Wallet (MM Wallet) is one of the mobile payment systems in Malaysia. It is a PIN-based Mobile Payment Solution designed by Mobile Money International Sdn Bhd to address the limitations and bottlenecks created by cash, cheques and credit cards. It allows registered user to make payments, pay for goods and services at anytime, anywhere by using only a mobile phone with a 6-digit security PIN through SMS. This gives the free will to user to shop online and pay the merchant by using his or her mobile phone without being actually present at the store.

In order to make payment via Mobile Money, consumer must have a savings, current or credit card account with participating bank. Mobile Money functions as a Credit Card with the "Pay by Mobile Phone" credit card account. For example, Hong Leong Mobile Credit Card. User of Mobile Money will then be billed by the particular bank accordingly by the end of months. Besides, Mobile Money also functions as a Debit Card if it is tied to user's savings or current account. The amount will be deducted immediately from the account upon successful transaction.

Mobile Money encourages more consumers to shop online. Besides, it encourages more merchants to adopt online selling as an extra sales channel as well. This will positively be a great help to the e-commerce industry in Malaysia. Consumers can enjoy the advantages of Mobile Money in paying bills, paying merchants, paying to anyone at anytime in anywhere with just a mobile phone. It is safe and secure as there is no cash involved along with the operation of PIN (Personal Identification Number).

In addition, Mobile Money brings benefits to merchants as well. With Mobile Money, merchants do not have to be concern of cash, cheque or credit card handling problems or frauds. The Mobile Money Payment System complies with the strict requirements set by Bank Negara Malaysia and the participating banks. Moreover, there are no minimum monthly transactions, rental fee, and merchant account required by those merchants, the particular existing bank account will be sufficient. The sign up fees for merchants are low. There are only RM100 for Retailers or RM300 for Corporate, which chargeable after the first 10 transactions. This helps merchants to save cost.

Mobile Money payment system really bring lots of benefit and convenient to both consumers and merchants. It allows consumers and merchants to pay someone and receive money from someone at anytime from anywhere with just one SMS. Mobile Money Payment system is very secure and it is a closed loop payment system. Consumers are encouraged to adopt this payment system during online shopping. Merchants and bankers should work together to promote, advertise the usefulness and benefit of Mobile Money to consumers as it saves time, easy, convenient, secure and it indirectly contributes to the e-commerce industry in Malaysia.

The Application of Pre-Paid Cash Card for Consumers

Prepaid cash card is a type of stored-valued card which has computer chips that allow users to fuel them with cash that they can later used to purchase products and services. It is similar to debit cards, only the case value is stored on the card rather than in a bank account. Cash card does not require bank account. There is no minimum income or age for using a cash card.

Basically, there are two main types of prepaid card. The first type is closed-loop cards which include merchant gift cards, prepaid telephone cards and transit system fare cards. The other type of prepaid card is open-loop cards which can be used at many retail merchants and for banking purposes, for instance, receiving direct deposits or withdrawing cash from automated teller machines.

Prepaid cash card always need a personal identification number to be keyed in for the transaction to be authorized. Nobody else can use a particular prepaid cash card unless the person makes out the personal identification number. This is the reason why prepaid cash cards are considered as the safest and most secure financial transaction cards.

The most common prepaid cash card that being used in our daily life is prepaid cash card in making long distance telephone calls – iTalk prepaid calling card. The card is a service provided by TM that enables a caller to make National and International calls with the connection made through Voice Over Internet Protocol (VoIP). The caller first purchases an iTalk prepaid calling card. When the caller is making a call, the credit insides the calling card will be deducted based on the time of calling as well as the calling rates.

For online gamers, prepaid cash cards are not new or strange for them. For instance, Maple Story, an online game, provides prepaid cash card services to online gamers. The gamers can first purchase prepaid cash card, A cash, from outlets such as Popular book stores, game shops, and etc. After that, gamers can login to the game account n enter the serial number that located on the card. Gamers then need to enter the security code n security PIN that printed on the card as well to proceed with the process. After the receipt is printed out, the prepaid cash card transaction is complete.
( For further information, please visit http://www.maplesea.com/cashshop/topup.aspx )

Prepaid cash card ultimately benefit the sellers. This is because they do not have to worry that money will failed to be collected from the buyers since the cash is collected before item is sold. On the other hand, buyers can control the use of money since they have paid initially. Besides, by purchasing a prepaid cash card, buyers do not need to carry much cash on hand, indirectly, the cases of theft and loses of money can be reduced.

The Application of Third Party Certification Programmed in Malaysia

Users will not transact business at a web site unless they are certain it is secure. They need to know the business is real and that their communications are private. One of the licensed Certification Authority (CA) in Malaysia is MSC Trustgate.com which was established in 1999. It provides security and trusted services to help companies build a secure network and application infrastructure for their transactions and communications over the network.

MSC Trustgate is an affiliate of VeriSign Inc. for the South East Asian region and a member of the VeriSign Trust Network. MSC Trustgate.com’s membership allows its customers to enjoy a globally recognized service that is compatible with the existing technological requirements. It offers market leading trust services, including authentication and validation, needed by websites, enterprises, and e-commerce service providers to conduct trusted and secure electronic commerce and communications over IP networks.

The affiliation also establishes strategic relationships with industry leaders, such as AT&T, British Telecommunications, Checkpoint Technologies, Cisco, Microsoft, Netscape, Network Associates, Network Solutions, RSA Security, and VISA, to enable widespread utilization of digital certificate services and to assure interoperability with a variety of applications and network equipment.

MSC Trustgate offer several products and services. First of all, they offer SSL certificate for Internet, Intranet and server security. Global Server ID adopts today's strongest encryption commercially available for secure communications via Server Gated Cryptography (SGC) technology. However, Secure Server ID protects the transfer of sensitive data on Web sites, intranets, and extranets using a minimum of 40-bit and up to 256-bit encryption.

Besides, MSC Trustgate also offer Managed Public Key Infrastructure (MPKI) service which is a fully integrated enterprise platform designed to secure intranet, extranet, and Internet applications by combining maximum flexibility, performance and scalability with high availability and security.

To ensure the confidential information remains private in transit, Digital ID is being offered for secure transactions, documents and e-mails. With MyTRUST, we can turns a SIM card into a Mobile Digital Identity for secure mobile banking and other financial services. Mobile digital signature provides non-repudiation on transactions under the Digital Signature Act, 1997.

Malaysian government has put in place a smart National Identity Card (MyKad) for every citizen. MyKad with PKI capability allows its holder to conduct online transaction with government agencies and private sectors. MyKey, is the MyKad PKI solution that works with physically MyKad, allow authentication online and to digitally sign documents or transactions and is accepted by the Malaysian government.

Security is the primary concern of entering into the new Internet economy. The ever-changing paradigm of e-commerce requires a well-mandated security infrastructure. The vision of Trustgate is clear which is to enable organizations to conduct their business securely over the Internet, as much as what they have been enjoying in the physical world. Trustgate is determined to become the leading service provider of Internet utility company, thus complementing the aspiration of the MSC to be a world-class e-environment.

Phishing : Example and Prevention method

In computing, phishing is an attempt to criminally and fraudulently acquire sensitive information, such as usernames, passwords and credit card details, by masquerading as a trustworthy entity in an electronic communication. Paypal, eBay and online banks are common targets. Phishing is typically carried out by e-mail or instant messaging and often directs users to enter details at a website. Phishing is an example of social engineering techniques used to fool users.



For example, Paypal phishing, spelling mistakes in the e-mail and the presence of an IP address in the link are both clues that this is a phishing attempt. Another giveaway is the lack of a personal greeting, although the presence of personal details would not be a guarantee of legitimacy. Other signs that the message is a fraud are misspellings of simple words and the threat of consequences such as account suspension if the recipient fails to comply with the message's requests

There are some tips for on-line user to avoid getting hooked. If some of them have received email to ask for their personal or financial information, please do not reply such email or pop-up messages. In addtion, they are advised not to cut and paste a link from the message into their web browser because phisers can make links look like what they want to go but actually they send you to a different site. Besides, user might use the latest products and services to help warn and protect them from online scams. For instance, they can install the Microsoft phishing filter using Internet Explorer 7 or higher. The Internet Explorer 7 that include the Microsoft Phishing Filter helps to protect you from Web fraud and the risks of personal data theft by warning or blocking you from reported phishing Web sites. If you use Internet Explorer 7 you will get another layer of protection with sites that use Extended Validation (EV) SSL Certificates.

Furthermore, the use of anti virus and anti-spyware software, as well as a firewall can reduced the risk of being phishing through the Internet. User should update such software regularly to ensure that the software can prevent the spyware or other unwanted software effectively.
If you have discovered any phishing mail, you can forward such mail to spam@uce.gov or to the company and bank impersonated in the phishing email. You may also report phishing email to the Anti- phishing working group at this email address reportphishing@antiphishing.org.

As a conclusion, we as the users should always be caution in opening any attachment or downloading any files from emails you receive, regardless of who sent them.