David Marcus brings startup energy to PayPal
PayPal, the world leading online payment provider that employing 13,000 employees is planning to streamline its business and to be focused in product development, technology and marketing, under the new leadership of the President David Marcus. Under David’s effort, 300 to 400 jobs or about 3 per cent of PayPal’s work force are expected to be cut in the next few weeks, Bloomberg reported. The job cuts will be PayPal’s first major...
Hong Leong stops Mobile Money Virtual Credit Card program
Hong Leong Bank announced that the Hong Leong Mobile Money Virtual Credit Card (“MM Credit Card”) Program will be terminated, effective from 1st of November, 2012. With the termination of this program, all MM Credit Cards will not be valid for use. by Alice Lee
Gains higher deposit interest when transact more e-Payments
Hong Leong Bank (HLB) launched its Pay&Save Account, the first and only savings account in the country that rewards customers up to 3.1% interest per annum on their account balance for making e-Payments via online. “This initiative is in-line with Bank Negara’s blueprint in encouraging more e-payment usage in the country,” Moey Tan, HLB’s Chief Operating Officer, Personal Financial Services said. “Hong Leong Pay&Save...
Wal-Mart wants to bag US$9 billion in global e-commerce revenue
In the statement by Neil Ashe, the President and CEO of Wal-Mart global e-commerce, Wal-Mart expects to generate US$9 billion (RM$29.7 billion) in global –commerce revenue in its next fiscal year, ending 31 January 2014. As one of the top Internet Retailers, Wal-Mart had total U.S. e-commerce sales of US$4.9 billion (RM$16.2 billion) last year. by Alice...
2015: 50% of consumer banking conducted through internet and mobile
The director for retail banking of RHB Bank Vince Au Yoong said RHB Bank is targeting to double its current internet and mobile banking customers base from 850,000 this year to 1.5 million in 2013 during RHB Now ‘Italia Mania’ campaign launch. Au Yoong shared that the analysts have reported more than half of worldwide banking transactions will be carried through internet and mobile devices by 2015. by Alice...
A new malicious program for cybercrime found
Kaspersky Lab had discovered a new malicious program namely ‘miniFlame’ or also known as SPE when it was conducting in-depth analysis of Flame’s command & control servers (C&C). miniFlame is a small and highly flexible malicious program designed to steal data and control infected systems during targeted cyber espionage operations. Kaspersky Lab defined miniFlame as a high precision cyber-attack tool and it could be originated...
PayPal teams up with Abacus
The leading provider of travel solutions and service Abacus International has formed a partnership with the world leading online payment provider PayPal, in enabling PayPal as a payment option in Abacus’s ready-to-go online booking engines – Abacus WebStart and Abacus WebConnect. This partnership will benefit more than 20,000 travel agencies across Asia-Pacific to have an online presence and transaction capability in one easy step....
CIMB eyes for 10 per cent market share for its debit card
The largest issuer of Debit Mastercard in the country, CIMB Bank is aiming to achieve a market share of 10 per cent for its debit cards next year through promotion campaigns on the utilization of debit cards. To date, CIMB Bank has issued 1 million debit cards since its introduction in November last year and has garnered 4.3 per cent of the market share. by Alice Lee
Malaysia involves in e-commerce project of ACD
The Asia Cooperation Dialogue (ACD) Summit was held for the first time after ACD was established on 23 June 2001, an initiative by the Kingdom of Thailand. For the past 10 years, ACD just functioned as a ministerial dialogue before was upgraded to a full summit involving representatives of heads of government. According to the Deputy Prime Minister Tan Sri Muhyiddin Yassin, Malaysia was involved in projects of e-education, e-commerce...
Equinix builds a new data center in Indonesia
Global data centers operator in 38 markets across 13 countries Equinix Inc. announced that it will provide data center infrastructure and colocation services in Indonesia. Equinix has selected PT DCI as its local data center partner on its new data center project. The new data center will be built on approximately 65,000 gross square feet with 1,250 cabinets and it estimated to be completed in Q1 2013. With the new data center,...
