iPay88 Online Payment For E-Commerce

From now till 19 September 2010, purchase everything and anything with your HSBC credit card will get cash back up to 25%. For more info, please visit http://www.hsbc.com.my.

Hurry…use your HSBC card to buy gifts, flowers, apparels, hotel room, beauty products, etc. from more than 2,000 online shops that powered by iPay88 online payment in Malaysia.

Recently Ambank (M) Berhad (”Ambank”) would like to caution the general public on the spate of scams involving phone call, SMS spamming and voicemail launched by a coordinated syndicate. The public is advised to be wary of any attempt by a third party to secure their personal and confidential information. Here are some guidelines in handling the above scams.

A cardmember may receive a call or an sms/automated voice message that his name has been fraudulently used for a credit card application or he has incurred a transaction on his credit card and that he must call a specified number to report the fraudulent activities. The cardmember will then be given a number purportedly belonging to the credit card division of the issuing bank or `Unit Kad Palsu’ of Bank Negara Malaysia. When he dials in, he will be asked to provide personal financial information required for their necessary action.

What will then follow is that the cardmember’s personal financial information will be used by the syndicate to access his bank or credit card accounts.

Here are the recommended “dos and don’t’s” you as a cardmember can apply to inimize your risk of being scammed.

DOs
· Be suspicious if someone contacts you unexpectedly and asks for your personal financial information.
· Check the bank’s website to determine the actual customer support and other phone numbers and call the bank to verify.
· If you suspect you have been exposed to any form of scam activity, you will need to immediately inform your bank to cancel and change your account numbers, in case this information has been passed to the syndicate.

DONTs
· Never respond to any SMS/phone calls requesting your personal financial details. (You may however in very special circumstances receive calls from the bank requesting you to update your contact details - contact numbers, addresses and email addresses. The bank Personnel will identify himself and clearly state the purpose of his request. For example, in the next three months, Ambank will be calling on certain cardmembers to provide Ambank with their email address as part of Ambank eStatement initiative. However, should you be in doubt of the validity of the call, please call the AmBank Contact Centre for verification). At all times, the Bank personnel will NOT ask you for ‘credit card or financial details’
· Never reveal your personal financial details to anyone.
· Never follow instructions from an unknown party to perform banking transactions or make changes to your bank account details.

Btimes.com.my reports that Malaysia’s e-commerce industry is expected to increase by 20 - 30 percent annually in the next three to five years.

The readiness of infrastructure, the availability of online services, the broadband maturity and a strong awareness of e-commerce are the main factors which will contribute to such a boost, according to Wei Chuan Beng, the chairman of the National ICT Association of Malaysia (Pikom) chairman, cited by the same source. Wei Chuan Beng urges financial institutions to lower the fees of e-payment, in order to encourage the e-commerce activity in the country.

In 2010, the e-commerce sector is expected to jump by 32 percent to USD 29.24 billion.

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In conjunction of iPay88 as the official payment partner of Home Deco Fair (organized by Ori Event Sdn Bhd) which is held from 22 July until 25 July 2010 at Stadium Malawati Shah Alam (Indoor), iPay88 merchants are entitled to exhibit in this event with booth rental fee RM2,000 only for four days (Normal prize is RM4,000 and iPay88 subsidizes 50%).

If you are interested to participate in this great event to promote your products, please call our marketing team at 03-92005555 or email to marketing@ipay88.com.my before 30 June 2010.

For more info about the event, please visit http://www.orie.com.my

Kuala Lumpur, 27th May -  iPay88 today signed a MoU with TeAM (Tehcnopreneurs Association of Malaysian) to distribute iPay88’s online payment gateway among its members. The MoU was signed in Bangsar, yesterday.

The MoU gives registered TeAM members access to the iPay88’s system by charging them an discounted fee. This was done in hopes to increase the transaction potential of said technopreneurs.

Speaking at the signing, iPay88’s Executive Director, Mr. Chan Kok Loong said, “With our cooperation, we will not only see increase in your (TeAM’s) transaction, but ours at iPay88 as well.”

“iPay88 is also keen to provide you a carefree solution, and we are excited to add our expertise to yours ,” he added.

iPay88’s solution will cater exclusively to the 700 member strong TeAM.

TeAM's President, Koh Lee Ching (right) and iPay88's Executive Director, Chan Kok Long (left)

Kuala Lumpur, 13th May – iPay88 is teaming up with Scandic Corporation Sdn Bhd’s (Scandic) online shopping mall, Trosworld (www.trosworld.com), making its shopping portal in the country to integrate payment services for its members to transact on the Web.

“In the virtual world of e-commerce, payment security and convenience are two very important elements to gain users confidence. We trust iPay88 being one of the most prestigious payment gateway providers in Malaysia fits into this definition. Coupled with our objective of providing the most dynamic e-commerce platform available, we see this partnership as a mutually beneficial endeavour for the convenience of buyer and seller alike.” according to Scandic’s CTO, Mr Jerry Lee.

“This is yet another proud moment and significant milestone for us here in Trosworld. We are very happy that at a tender age of 10 months old Trosworld has progressed fairly well and we look forward to providing more excellent services to our customer base through strategic alliances such as this one,” said Nurie Othman, Chief Executive Officer of Trosworld.

“We foresee more people want to sell products and services online but the initial investment and technical knowledge may block them to become e-entrepreneur. The partnership definelty will make everyone to sell online easily and securely,” added Terry Yee, iPay88’s Head of Business Development.

About iPay88

iPay88 is the one-stop online payment service provided by Mobile88.Com Sdn. Bhd (a MSC status company) and is compliant with the Malaysia Payment System Act. iPay88 allows online merchants to collect payment online securely from their buyers using Visa and MasterCard cards, local bank Direct Debit services (Online Banking) and local e-wallets. There are more than 2,000 local and international online stores, using iPay88 to process online transactions in Malaysia Ringgit (MYR) and over 10 major foreign currencies.
iPay88 is headquartered in Kuala Lumpur, Malaysia and with a branch in Jakarta, Indonesia and is expanding its services in the South East Asian region.

More information about the company can be found at www.ipay88.com

About Trosworld

Trosworld launched in June 2009, is a feature-rich, professional e-commerce platform solution that offers merchants complete flexibility and control over the presentation, content, and functionality of their online channel. Trosworld’s intuitive administration interface features powerful marketing tools, a catalog-management engine and is SEO optimized to give merchants the power to create sites that provide an unrivaled and rich online shopping experience for their customers, tailored to their unique business needs. Trosworld is the ultimate e-commerce solution.

More information about the company can be found at www.trosworld.com

Telekom Malaysia Berhad (TM) just announced that its consortium members have detected a cable fault on the Southeast Asia-Middle East-Western Europe 4 (SMW4) submarine cable network between Alexandria in Egypt and Palermo in Italy linking Malaysia to Europe and the United States (US). The consortium will be carrying out repair works on site on Saturday, 24 April 2010 and it is expected to be completed on Sunday, 2 May 2010.

During the restoration process, there will be some interruption to the traffic to Europe and the US carried through that cable. TM is taking active steps to minimize disruptions. TM has added additional links on other routes and coordinated with other international carriers in order to provide additional bandwidth for their customers.

Despite these initiatives, customers using Internet services nationwide may experience some degree of service degradation such as slow browsing while accessing international websites. Customers using Virtual Private Network (VPN) and other critical business applications linked to Europe and the US will be assured minimal degradation of service, if any.

For more info, please visit http://www.tm.com.my/about-tm/media-centre/announcements/Pages/INTERNETSERVICESDISRUPTIONDUETOCABLEWORKSONSMW4.aspx