Most Secure Ecommerce Web Payment and Universal solution
A bit of 2010 good news for Mobicash in its seemingly endless innovation, is the proudly announcement of our mobile secure online payment which propose a more elegant way to look at electronic security that renders the value of card account information useless to attackers and brings assurance to consumers.
85% of Internet users are concerned about giving personal information such as their credit card over the web, and it is still the #1 barrier to online purchasing. Identity theft continues to be a threat, with e-mail phishing scams on the rise and key logging a growing menace!!!
The seemingly never-ending barrage of fraud and identity theft on the Internet last year has continued to drive consumer fears skyward. However, consumers are still willing to increase the amount of personal business they do online, provided banks and other online services offer them strong authentication.
In addition to the security risks in online card payments, e-commerce’s reliance on the card has resulted in the exclusion of un-banked populations. As the internet continues its expansion into developing countries, a solution allowing un-banked populations to participate in the e-commerce economy is needed. In the past internet has been a developed world luxury, this is changing quickly and online payment mechanisms must adapt to offer the same web-based services to un-banked online shoppers.
One of the primary challenges in credit and debit cards payment security is coming up with practical ways to secure payment transaction data. The fundamental problem is that cardholder data becomes a shared secret. This secret often needs to be shared amongst a lot of parties in order to fulfill even a single transaction. Because security relies on the least common denominator of security controls amongst these parties, a leak is almost inevitable during the life of an account.
Mobicash was born out of taking another approach? What happens when we throw out a lot of today’s assumptions around electronic payments and e-commerce and assume that the merchant shouldn’t have to store the data at all? What if we never even handed this sensitive information over to the merchant in the first place? As we can see, one of the primary difficulties in securing this data is identifying all the places to which it travels. But what if this no longer mattered? Or at least mattered significantly less?
The purpose of this post is to raise equity finance of $us 15 million in return for 45% of the company from a participating partner that can add value and promote the MobiCash concept locally and internationally.
The remarkable growth in access to mobile telephony in developing markets has created the possibility of delivering new financial services by leveraging secure, low-cost mobile networks and platforms.
Our business model provides scalability and diverse revenue streams with fundamentally sound underlying businesses, which will enable MobiCash to achieve profitability in a short period of time. Mobicash has got wealth experience in the IT, Telecommunication and Financial industry and is ready to propose a sound business plan with a good revenue model.
Therefore, MobiCash is actively seeking finance partners to assist in expanding the South African and African global network of the mobile payment business. This will be an ideal investment for the entrepreneur who wishes to capitalize on the mobile payment popularity, without being hindered by the lack of technical skills, or getting bogged by the complexities of running that kind of business.
http://mobilemoneyafrica.com/archives/1047
MobiCash was born out of the need to develop a convenient, secure and affordable payment platform that will address the use of our technology to enable people who are not served by financial institutions to start using financial services without having to access [...]