iPay88 Online Payment For E-Commerce

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

Online fraud will cause chargeback to the online merchant and it make the merchant suffer losses. Therefore, online merchants are advised to review their orders before product delivery to prevent obvious online frauds. Here are some signs of online fraud: 

• Your customer is not contactable, either via email or phone call.
• Customer’s particular look unconventional
• Billing and shipping address don’t match
• Customer request instant / overnight delivery
• Items being ordered are mainly of high value
• Order is for multiple quantities of the same item
• Order is for uncommonly purchased items
• Customer made several unsuccessfully attempts before the transaction was approved, especially using different credit cards
• Card verification failed due to reason of “Stolen Card” or “Pick Up Card”.
• Order is being shipped to high risk countries or countries in Africa and Eastern Europe.
• Customer requests to change shipping address (e.g. different country) after order made.

Spend 1 minute to do the above fraud checking is better than do nothing and sorry to yourself later.

The campaign of FREE Facebook Ad (worth RM238 or USD68) when sign up iPay88 MYR Gateway SME Plan for 2 years is extended until 31 May 2010. For more info, please visit http://www.ipay88.com/my/promotion.asp or contact our marketing team now!

With iPay88 Multi-Currency Gateway, merchant or online seller can process online transactions in more than 12 major currencies such as USD, EUR, GBP, AUD, HKD, THB, MYR, SGD, PHP, TWD, IDR, INR,etc. This service is the best solution for merchants who are doing global business and insist to process and accept in foreign currency. For more info, please visit http://www.ipay88.com/ww/ww_v4.asp.

As the first and the only regulated local payment service provider that provide multi-currency in Malaysia, iPay88 will continue to add more processing foreign currency for the merchant for to support their growth of export business.