Posts Tagged with "moneybookers"

Nigeria: Why do you use Liberty Reserve?

Monday, April 6, 2009

31 Comments

Ecommerce Journal is a well-respected online news website about e-commerce and is one of the few websites I visit regularly. They have been predicting doom for Liberty Reserve in recent times and have done the same with one of their recent articles. The thrust of my blog post however is to react to a paragraph [...]

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e-gold’s privacy feature its nemesis?

Monday, July 14, 2008

3 Comments

At the risk of sounding controversial, I am making public a view I have long held before now: e-gold has a magnet for attracting criminals. I would proceed to explain. e-gold’s anonymity feature, which e-gold Ltd sees as one of its most important features is indeed a dream come true for all sorts of criminal-minded entities: [...]

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Making Money Online: Getting Paid via Paypal

Thursday, April 3, 2008

20 Comments

In the first part of this blog post, I discussed Making Money Online: Getting paid by cheque and explained why you should avoid getting paid by cheque where and when possible. In this blog post, I will be highlighting another means of getting paid online: Paypal. There are several forms of e-currencies. There are digital gold [...]

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Is Cash Still King?

Tuesday, March 18, 2008

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Nathan Vardi, writing for Forbes.com, discusses means by which one could move money anonymously. Digital currencies, particularly e-gold, was mentioned as one of the means: cash is king  4. Digital currency. According to the Justice Department, between 1999 and 2005 child pornographers, hackers and identity thieves made use of E-gold, an online payment system in the [...]

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How to reduce Internet Banking Fraud

Thursday, December 13, 2007

3 Comments

Two days ago, I did a blog post titled “Woes of a Nigerian Internet Banking Customer” with a promise to do a follow-up post, offering suggestions. Well, this is it. First, it is defeatist for a bank to cancel online funds transfer when it is possible to minimize the effect of fraud. I would start with [...]

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Woes of a Nigerian Internet Banking Customer

Monday, December 10, 2007

20 Comments

Scam emails have been circulating the Internet for sometime now, attempting to trick people into entering their bank account login details into a fake version of their financial institution’s website. This criminal activity is known in Internet security circles as Phishing. To drive-home the point, I am quoting Wikipedia’s accurate description of Phishing: In computing, phishing [...]

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Any prospects for e-commerce in Africa?

Monday, October 1, 2007

2 Comments

This round-up first appeared at Global Voices. The past week turned out to be one that came with an interesting debate about the prospects of e-commerce in Africa. Oluniyi David Ajao started with throwing an insight into the popularity of e-gold (a digital gold currency) in Nigeria. Other online payment systems might indeed follow the same growth [...]

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Is a common African e-commerce platform possible?

Wednesday, September 26, 2007

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This blog post is a direct response to Erik Hersman’s blog post: The problem with e-commerce and online payments in Africa. Erik Hersman, a fellow African blogger, shared his thoughts about the need for an African e-payment system. He starts with a lamentation that is indeed true: A lack of true online payment options is crippling African [...]

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Moneybookers scams (Phishing emails)

Wednesday, July 11, 2007

0 Comments

You might have received such email before, purportedly from Moneybookers. I receive such regularly, and even got one just this early morning. The mails look real, asking you to accept a payment or update your account information. Of course, the mail is fraudulent and will only lead you to a fake website that will keep [...]

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Moneybookers relaunches website

Sunday, March 4, 2007

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Moneybookers, an online payment system enables any business or consumer with an email address to securely and cost-effectively send and receive payments online in real time, has revamped its website and given it a fresh and more captivating look-and-feel. In an email to its users, Moneybookers wrote: Dear [Account owner name removed], Today, we have a special surprise [...]

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Begining of the end for Registerfly?

Sunday, March 4, 2007

2 Comments

According to DomainToolsBlog: Reports are flying in about RegisterFly’s implosion. Registerfly’s web site went dark for most of the Monday after the CEO Kevin Medina changed the root password and locked everyone out. It started earlier in the month, on February 12th, vice president John Naruszewicz threw the first major punch by suing the CEO with [...]

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