All articles by Michael Tsiagbe
Michael Tsiagbe
RSA’s SecurID product hacked
Business security solutions firm RSA is confident its customers will not be directly affected after its SecurID two-factor authentication system was the victim of an Advanced Persistent Threat (APT) attack.In an open letter to the public RSA executive chairman Art Coviello said information relating to SecurIDs two-factor authentication products was extracted from RSAs systems.
Skrill plans LSE floatation
European online payments group Skrill formerly known as Moneybookers, has announced its intention to float on the London Stock Exchange (LSE).The Skrill group seek plans to expand its product offerings and international presence, particularly in the developing world.
Direct Debit partners WorldPay
Payments management software provider Direct Debit has teamed up with payment processing company WorldPay to create a single ‘comprehensive’ payment platform, aimed at slashing payment costs for businesses. The partnership adds a module to Direct Debit’s existing PayCentre platform, where it processes one-off recurring payments via WorldPays Corporate Gateway Service.
NYCE offers P2P payments service
Payments network NYCE will begin offering person-to-person (P2P) payments to its 3,000 financial institution clients.The Popmoney P2P system has been developed by electronic money transfer solution provider CashEdge, and enables consumers to submit payments to other consumers or businesses via their mobile or online bank accounts. The rapid consumer adoption of smartphones which will reach 50 percent of cell phone owners by the end of 2012 will spur demand for electronic money movement capabilities between consumers, and not just between consumers and businesses, said Ron Shevlin, senior analyst with research firm Aite Group. Consumers want to do business with financial institutions that make their financial lives easy to manage. P2P payments will become a must-have capability for banks.
RBI restricts PayPal services in India
Paypal has been forced to restrict its services in India as a result of new transaction guidelines set by the Reserve Bank of India (RBI).In a bid to comply with the new rules laid out by the RBI regarding the processing and settlement of export-related transfers via online gateways, Dickson Seow of Paypals Corporate Communications team confirmed in a statement on the company website that Paypal will be altering its Indian services.
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Increased retail opportunities in mobile shopping
A study of the UKs biggest e-retail companies has revealed a significant growth in the number of consumers shopping using their mobile phones.Market research company ForeSee Results has published a research paper indicating how consumer attitudes towards mobile shopping have changed between the 2009 Christmas period and that of 2010.
Ingenico teams-up with Merchant Link
Ingenico and Merchant Link have joined forces to offer a point-to-point encryption and tokenisation solution, designed to render card data unusable to potential hackers.Merchant Link has enhanced its existing TransactionVault tokenisation technology by adding Ingenico’s On-Guard point-to-point encryption (P2PE) solution.