Online Payment For E-Commerce | iPay88

PETALING JAYA: Sipping latte at your favourite cafe, you suddenly remember that you have not paid your credit card bills and decide to make use of the free Wi-fi.

However, before you log on to your bank account using your smartphone or any other mobile device, stop - a cyber criminal may be lurking nearby, waiting to tap into your transaction and steal important data.

Cybersecurity Malaysia has advised mobile device users against using public Wi-fi to conduct their e-banking, online shopping or important company or personal transactions to avoid courting danger.

“Cyber criminals can easily sniff out important information such as credit card numbers, e-banking username and password via public Wi-fi,” said Cybersecurity CEO Lt-Col (R) Prof Datuk Husin Jazri.

“Mobile devices today carry confidential information such as company e-mail messages, product pictures and customer contact details. Like personal computers, they are vulnerable to spam, viruses, spyware, theft, loss and even phishing attacks.

“The confidentiality and availability of company data will be compromised if a mobile device is misplaced, stolen or hacked into,” he added.

According to Cybersecurity, Malaysia recorded RM2.75bil in losses due to cyber crimes between 2005 and 2010 with the financial sector being the worst hit.

Security technology company Symantec Corporation (Malaysia) said with mobile devices being a part of daily lives, it was easy to forget risks related to personal and corporate data.

Symantec’s State of Mobility Survey this year revealed that 67% of enterprises were already using or planning to use custom mobile applications in their daily operation and transactions.

However, the survey indicated that while one in five agreed that the risks of mobile computing were extremely high, 66% felt that the benefits were worth the dangers.

The survey also showed that organisations here had been impacted by mobile incidents, such as data loss, damage to the brand, productivity loss and loss of customer trust, amounting to an average loss of RM561,305 in Malaysia last year.

“We have reached a tipping point in business’ use of mobile devices. The trend is here to stay as companies find them (the benefits) extending expectations,” said Symantec Enterprise Director for Risk and Compliance (Asia Pacific and Japan) Eric Lam.

He advised both consumers and corporations on the need to take responsibility for the security of their mobile devices .

“For consumers, one way to stay safe is to avoid insecure environment for important transactions. If you can’t find a secure environment, save important transmissions until you can connect to a secure environment,” he said.

Source: thestar.com.my

Dear Value Customers & Merchants,

Good day!
Maybank managed to resolved requery issues at 9.30pm. All transactions will be updated soon.
Once again thank you for your patience & understanding.

Warm regards,
iPay88 team

With the partnership by Dragonpay, iPay88 now extends its support of Philippines online banking service for the account holders of Bogus Bank and United Coconut Planters Bank (UCPB). Besides supporting online banking of 9 Philippines banks, iPay88 helps the e-commerce merchants to collect payment from Filipinos via Over-The-Counter (OTC) Banking and OTC Non-bank.

OTC Banking / Non-bank allows anybody to walk-in to a branch of any of the supported banks or partner to make a deposit-payment over-the-counter.  The account activities will be monitored automatically and an electronic notification will be sent to merchant once a deposit-payment is detected.  OTC deposits is a more scalable and economical solution if compared with the traditional method of requiring the customer to fax in a deposit slip and then doing a manual reconciliation with the bank statement is just not feasible.

Currently supported bank for OTC deposit are Banco de Oro (BDO), Bank of the Philippine Islands (BPI), Metrobank, Rizal Commercial Banking Corp (RCBC), Chinabank, EastWest Bank (EWB), Philippine National Bank (PNB) and Unionbank, with more banks to follow. LBC branches is the supported over-the-counter non-bank outlet. LBC has close to 900 branches nationwide operating from Mondays to Saturdays 8am to 5pm, with about 65% of these branches also open on Sundays and holidays.

The steps for performing an over-the-counter non-bank payment is similar to over-the-counter bank payments except there is no need for additional validation from the customer. With OTC method, iPay88 merchants have now around 4,000 over-the-counter outlets (banks and non-banks) for accepting payments from Filipinos.

Payment collection via LBC Remittance centers, Western Union and Cebuana Lhuillier in Philippines also available as one of the payment channel for iPay88 merchant for Philippines market.

Everyone is sad and some may crying for the tragic day of Japan, 11 March 2011, due to a disastrous 8.9-magnitute earthquake shattered the eastern coast and resulted in a series of tsunamis that washed away homes, cars, and caused damage of catastrophic proportions.

Despite we are not in Japan but we know that the Japanese especially the survivors need our helps o overcome the crisis. iPay88 urges the public to donate any amount you can to help the rescue efforts. If you are not sure where can make donation, you can visit Islam Relief Malaysia to donate any amount online or visit Groupon Malaysia to donate to Japanese Red Cross Society and Groupon Malaysia will match Ringgit-for-Ringgit up to the total donated value of RM25,000. E.g: For every RM3 you donate, Groupon Malaysia will match it by donating an additional RM3, and a total of RM6 will go to the Japanese Red Cross Society. Besides, Milkadeal.com also participating in this charity work to collect donation for Malaysian Red Crescent Society.