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January 15, 2010

Paypal Mobile now on iPhone and Android

Paypal Mobile is now available to members in the Asia Pacific region, including the Philippines starting today. Aside from the WAP site, both the iPhone app and the Android app is available to download for free.

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Freewares, Web 2.0
May 19, 2008

Xoom to disable Merchant Payment Interface

Xoom, an online payment facility, sent out notices about 2 days ago that it will disable its Merchant Payment Interface after August 1, 2008 and suggests all users to remove links to such payment landing pages.

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The Internet
October 05, 2007

Top 10 Places to Use Your New Paypal Account

Now that we’ve finally tasted the full potential of the globalized economy, thanks to Paypal going full-circle, I’m hopeful that e-commerce in the Philippines would flourish in whatever way, shape or form and Filipinos would start shedding their paranoia over online transactions.

Here’s my Top 10 list of where you can use your new Paypal account:
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Netrepreneur
September 28, 2007

Send & Receive payments via Paypal in the Philippines


Sign up for Paypal in the Philippines!. You can withdraw an amount not exceeding $500 per month to any debit, credit card or directly into your Philippine bank accounts. You will just need the bank codes and savings account number.

At long last, Paypal’s promise to allow receiving funds into Philippine accounts have been fulfilled. Just today, reports have been circulating in the previous post here about the development.

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Netrepreneur
September 25, 2007

Revolution Money taking on Paypal

Revolution MoneyThere’s gonna be a new player in town and it’s called Revolution Money. It’s being touted as the next Paypal-killer and do better than the non-performing Google Checkout.

But what is this Revolution Money really all about?

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Netrepreneur
August 10, 2007

Wash, rinse and repeat…

They say that if you have a proven and tested way of solving things, get on with it and don’t deviate from the usual approach. But what if that doesn’t solve it? Well, think outside the box. Just don’t re-invent the wheel.

See more tidbits after the jump.

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Daily Blogs
May 02, 2007

Online payment processor e-Gold to shut down?

When e-commerce activities aren’t supported by Paypal, throngs of other alternatives thrive to get a piece of the pie. I’ve tried StormPay before though some of my old friends have been using e-Gold as well. However, e-Gold may face the possibility of shutting down soon:

Three owners of online payment processor E-Gold and an affiliated company have been indicted for money laundering and related crimes for allegedly allowing sellers of child pornography, operators of investment scams and other types of criminals to send and receive payments related to their misdeeds. The company vigorously denied the charges and accused prosecutors of fabricating testimony.

In addition to E-Gold, the four-count indictment names Gold & Silver Reserve and company owners Douglas L. Jackson of Satellite Beach, Florida; Reid A. Jackson of Melbourne, Florida; and Barry K. Downey of Woodbine, Maryland. They are charged with one count each of conspiracy to launder monetary instruments, conspiracy to operate an unlicensed money transmitting business, operating an unlicensed money transmitting business under federal law and money transmission without a license under the District of Columbia.

According to prosecutors, E-Gold’s status as the preferred payment method from some of Earth’s lowest life forms was for good reason. The online service was purportedly backed by stored physical gold, and all that was needed to open an account was a valid email address. No other contact information or background information was necessary.

The service is allegedly being used by child pornographers and similar activities. Full story from the Register.

I can now imagine all of my friends withdrawing their e-Gold or trading them with real-life or tangible currencies.

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The Internet
October 20, 2006

Easily Cracked Xoom Accounts?

Marhgil pinged me about Xoom’s accounts being easily hacked (I think it’s more like cracked). He explained more about it here on his blog.

Since I have been a regular Xoom user, I was very curious on how this could be done. So, I tried the simple steps he outlined — figure out the login email, figure out the bank account number, and figure out the zip code. Let’s look into how easy it is to find the 3 required data to reset your password.

We’ll use a scale of 1 to 10, 1 being the hardest to figure out and 10 being the easiest.

1) Email Address – if the Xoom Account owner has a webiste or a blog, chances are his or her email account is posted there. This is practically the easiest data to mine on the net. I’ll give this 8 points in the scale.

2) Bank Account Number – I’m not sure if the regular Xoom Account holder adds his or her bank account in their Xoom profile but what’s the likelihood that this person also publishes his or her account number online? Ok, maybe for people who have some sort of business and posts his bank account online, this could be a huge drawback. I’ll give this one just 2 points in the scale.

3) Zip Code – there a good chance you can find a person’s address online, depending on how much info he or she publishes on the internet. Say 5 points?

Adding up all three factors, we get something like 15 out of 30. That’s dead even. Actually, the critical information there is the bank account number. So, it really depends on the Xoom user and for people like me this sure does pose a huge security risk. I tried cracking into my account and was able to do so with Google in less than 5 minutes (without cheating!).

Now, let’s say someone cracked into your Xoom account. What can he do with it? Not much actually. he can change your password and profile but that’s about it. If you send money, you’ll still have to supply and verify your Paypal account ot credit card account.

So there, not a really huge deal for most but it’s all worthy to look into.

*Email dispatched to Xoom support.*

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The Internet
April 21, 2005

GreenZap

Just last week, a new online account service, GreenZap, launched its site for pre-registration to potential online users. Though it was new, I took the plunge and signed up for it. It aims to go head-to-head with bigwigs such as Paypal, eBay’s online payment processor.

GreenZap members can send money to anyone around the world as long as they have an email address. Members can spend money purchasing goods and services from other GreenZap members or from other popular sites, including eBay® and Yahoo® Auctions. Members can load money to their GreenZap account for spending or earn money by telling others about GreenZap.

During the pre-registration phase, GreenZap is rewarding consumers with $25 in their account for signing up. The account is free and there are no set-up charges. GreenZap will be launching early this summer.

Source: Yahoo! Finance

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The Internet