I was a little perplexed by an email from Moneybookers a moment ago, announcing a new brand: You know that Moneybookers has never been a company to stand still, always evolving our solutions to better meet your needs and expectations. Our next evolution is to rebrand as Skrill, the first step towards offering you massively [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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, [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]