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Can Abenomics revive the Japanese economy?

Abenomics refers to economic policies advocated by Shinzō Abe, the Prime Minister of Japan. It involves: – fiscal stimulus through government spending on mega projects – monetary easing through unconventional central bank policies – structural reforms by reducing corporate taxes, increasing company profits and finally higher wages. Is Abenomics Working? It showed some positive signs(…)

Porn Industry Challenge

The porn industry is growing rapidly but traditional porn production companies are at a crossroads, they can either invest in new technologies or be squeezed out of the market due to free streaming content on the web from sites such as XVideos, Redtube, Youporn and Pornhub. The challenge: – 72% of porn companies are investing(…)

How Big is the Porn Industry?

Sex services is one of the oldest industries in the world, and the industry is bigger than you might think. Over the years, the demand for porn has increased steadily. Google trend analysis Some interesting facts (source: OnlineSchools.org 2010) 1. 12% of the websites on the Internet are pornographic. 2. Every second, $3,000 is spent(…)

Visa and Mastercard Payment Security Innovation

Both Visa and MasterCard are giant companies that process transactions between your purchase merchant and your bank. They constantly release new security updates to avoid fraud cases. From 2003 to 2013, Visa successfully reduced their fraud ratio by 0.024%, while MasterCard successfully released 2.5 million bio-metric debit EMV cards to South Africa in 2012, and(…)

How Secure Is Your Password?

Recently, hundreds of celebrity nude photos went online after an iCloud hack. Some questioned Apple’s responsibility, but after thorough investigation, Apple released a statement that the leaks were due to brute force attacks on targeted user names, and not any security issue in any of Apple’s systems including iCloud or Find my iPhone. All the(…)

Make Payments With Near Field Communications (NFC)

NFC is a technology that lets you use your phone as your wallet, and pay for things wirelessly at the checkout counter. It swaps data wirelessly across short distances. By simply placing your smart phone near a NFC reader, a transaction is made. How NFC Works Compare NFC to other wireless technologies NFC-enabled phones will(…)

Global credit card Fraud Stat

Credit card fraud is rife across the world, with criminals operating many different scams and techniques to get hold of your details. 2014 Stat: a. 250 million+ number of compromised credit-card for online sales b. 60% proportion of credit card fraud that involves card not present. 3. Rise in “Card not present” fraud since 2011.(…)

How does an SSL certificate affect a merchant store?

What is SSL? Transport Layer Security (TLS) and its predecessor, Secure Sockets Layer (SSL) are internet standard protocols used to protect sensitive information that end users send to web servers, such as passwords, credit card numbers, email content and private messaging. How does Certificate Authority (CA) work? CA is a trusted third party that issues(…)

Merchant Compliance With PCI Security Standards

PCI stands for Payment Card Industry, PCI security standards serve mainly to ensure cardholder information is maintained in a secure environment. Therefore, any merchant that accepts credit card payments, or any business or individual who handles cardholder data, must comply with PCI standards. Compromised data can badly affect customers, retailers, and financial institutions. One PCI(…)

Self-Hosted VS Embedded API / Iframe / Redirect Payment Gateway

When a business owner decides to take the business online, a payment gateway is needed to process online transactions. There are a few options to set this up: 1. Self-hosted Pros – The merchant has full flexibility to customize the look and feel of the payment page. – Full control of customer data. Cons –(…)

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