Mastercard has come with new fingerprint technology on credit card to reduce fraud and stolen identity. The pilot project has started in South Africa and they plan to fully introduce the technology to Europe and Asia this year.
Mastercard has been working with Pick n Pay, a South African grocery retailer and Absa Bank, a subsidiary of Barclays.
Biometric fingerprint is seen as safer and easier than 4 PIN authentication. Shopper just need to hold the card by the fingerprint sensor and insert it to a card reader.
The terminal will verify the fingerprint and approves transaction. This will reduce burden for user to memorize a lot of PIN and password. Because normally credit card user will likely to use their birthday date as pin or just 1234.
We have to admit that there is no perfect system. Same goes with fingerprint technology. According to New York researchers, they already created synthetic master prints that can imitate people’s fingerprints.
Although none has been tested on real handphone, the researcher only tested it on computer simulation, but the technology rapidly improving.
Believe it or not, even smart highly educated can be tricked into this phone scam.
The fraudster can be so calm and professional thus make you believe that he is from the bank.
He/She will create an emergency situation regarding your bank account. It can be anything. From to confirm a credit card transaction that was charged to your card. Or someone just called to confirm that you have apply for new credit card. If you deny it, the fraudster will give a fake number of Bank Negara for you to call.
The complice from Bank Negara will ask for your confidential information and bank details.
If you are panic and in a hurry you might fall to this trap. So please be very careful whenever you received a call from a bank.
How to Identify Telephone Scams Call
When you hear this any of this 6 statement. Then you better be careful.
- “Give your username, ATM card number in order for us to investigate your account”
- “Do not check your account and tell anyone for at least 3 days”
- “Kindly call this number to speak to the Bank Negara Officer”
- “Change your TAC mobile number at ATM”
- “You have a pending credit card payment”
- “Someone is using your info to apply for a credit card”
What you should do if you received a scam call?
- DO NOT reveal your credit/debit card details or online banking details
- DO NOT respond to any sms that claiming it’s coming from Bank Negara. Bank Negara officer will never call you to ask for your credit/debit card or banking particulars.
- DO NOT follow any instruction
- PLEASE CALL BANK CALL CENTER
- MAYBANK – 1300-88-66-88 immediately
CIMB – +603 6204 7788
A lot of companies are promoting their amazing, foolproof forex strategies these days, but how many of them actually work? It’s hard to answer this question without taking an extensive research and even then you might not have the perfect answer. So, how do you start trading forex with the strategy that works?
Which Forex Strategies Can Make You Money?
The fact is that there is no-one on the planet who can claim that they have guaranteed forex strategies that will make money. All forex traders are operating in a real-life, global market that is influenced by the actions of other traders. Those markets are unpredictable just by virtue of being influenced by so many people. Educated traders can make very well-informed guesses about how the markets will move – but they are still just that – guesses.
The best strategies for trading forex are ones that operate based on an understanding of how the markets have moved in the past. Traders can look at current trend lines, and then try to understand what that means for the future. These strategies are based on something called technical analysis, and they are a sound starting point for any would-be trader, not least because platforms such as Meta Trader have built-in charting features that will make it easy for you to create overlays to inform your decision making. (more…)
Finally, I have found a solution to my problem sending money from Ankara Turkey to Kuala Lumpur Malaysia.
Guess what? Remember when I asked about Bank Transfer from TEB Bank to Maybank, the TEB lady said it will cost me USD 100. So I decided not to use Bank transfer and focus on Western Union.
Until recently one of my wife officemate told us that he send money thru bank transfer from TEB to Maybank and its transfer fee is not that expensive. Later I found out that the reason that I was told USD 100 because I did not have account with TEB.
Only my wife has account with TEB. My wife officemate gave a copy of form that he used to send money to Malaysia with TEB. He said that TEB only charged 150 TL to send USD 1000 to Maybank.
So we took the copy of his Bank Transfer form, and show it to the lady at the counter so that we can get a new form. Filled in my wife Maybank account and Maybank Swift code : MBBEMYKLXXX.
Did You Know
Then, my wife provide her KIMLIK or Turkish temporary ID and TEB account book. Then we paid TL150. After that the TEB lady process our form.
You know how long it takes to process our bank transfer ? 5 minutes only. TEB lady said, ok done. Wait for 2 working days,
You know how long it takes for me to que at Yapi Kredi for Western Union …..1 hour and still sometime the service is down. Plus I need to pay more to send money by Western Union, USD 78 around TL 227. Then my brother in Malaysia need to collect the money from the post office and transfer back to my Maybank account. You know how hard it is.
By Bank Transfer, I only have to wait 2 working days then from Maybank2u I can make all necessary transaction. Yes I know,By using Western Union, money can be collected immediately after transfer but due to different time zone, my brother usually collect the day after. If and only if Western union is not problem.
So no more worries about waiting and queuing for hours at Yapi Kredi bank. Just go to TEB Bank with my wife on payday, fill in the Bank Transfer form. Tell the TEB lady to deduct straight from bank account. Wait for 2 days and walla! money in Maybank.
Thank you TEB bank…
Malaysians have been hit hard with GST and bad jokes from our Minister.Cost of goods have increase from children diapers to online transactions. However we should not give up and do nothing to improve our life. I hope this entry will cheer you up. I will try to help you to earn online by developing online game website or arcade game.
Why Game Online Website?
Everybody loves to play game online nowadays. From children to adult, man and women. Based on a research done by Spilgames “2013 State of Online Gaming Report”, did you know that 700 Million people worldwide play online games. All data are taken from comScore and eMarketer.
From 700 Million online gamer, 46% are women and 54% are man. You can see also Boys & Men have the same Top Game Categories. Maybe its true they say that men never grow up. Both like Racing, Sports and Action games. Compare to girls and women that have different type of game.
The Cheapest Way to Transfer Money to Overseas
Normally, for internationally money transfer, I would prefer Western Union to send money from Turkey to Malaysia, as the fee is much cheaper compare to Telegraphic Transfer (TT).
I believe a lot of businessman and parents are looking for a cheaper way to send money abroad either to pay for product from oversea or paying their children university tuition fee..
Maybank has introduced a cheapest way to send money abroad by using M2U Visa Direct.
M2U Visa Direct enables Maybank2u customers to transfer money to any overseas issued debit, credit or prepaid Visa Cardholders via Maybank2u and Visa Network.
You can make a real time fund transfer for a flat service that cost RM 10 to more than 200 countries. However you can send money for FREE /waived from 4 November till 31 December 2014.
You can send to any overseas issued Visa cards worldwide. However, M2U Visa Direct is not available to Visa cards issued in only 8 countries i.e.
Too bad USA is on the list, since a lot of Malaysian students are studying there. As for businessman you can always find other alternatives such as Singapore to buy your product. As nowadays, regional agent will take care all enquiries from ASEAN countries.
How To Transfer Money Abroad Using M2U Visa Direct
M2U Visa Direct is a cross border fund transfer service that allows Maybank Savings and Current account customers to perform fund transfers using Maybank2u online to overseas Visa debit, credit and prepaid cardholders via Maybank2u.
The funds are credited directly to the beneficiary’s card account where the beneficiary can either perform a cash withdrawal or spend at participating Visa merchants.
Please follow below instructions to use M2U Visa Direct using Maybank2u :
1) Open Maybank2u account online. Go to Transfers and click Open M2U Visa Direct.
2) Declaration and Terms and Conditions. This is Bank Negara Foreign Exchange Administration Rules, so you have to declare either you are Resident with or without Domestic borrowing. Click Agree to Terms and Conditions then click Accept.
3) Next step, you have to declare purpose of transferring the money abroad. Such as
i) Transferring to a Resident for Investment Abroad
ii) Transferring to Non Resident for Investment Abroad
v) Payment to Immediate family members
4) Key in recipient’s Visa Card number and name and click continue
5) On this next screen, please key in amount in USD or Malaysian Ringgit that you want to transfer. Bare in mind there is a transfer limit.
- Minimum transfer amount – RM300
- Maximum transfer amount – RM7,500 daily
- Maximum transaction limit of RM50K or 8 transactions per calendar month
6) Request for TAC and key in your TAC code and click confirm and you are good to go.
* Notice that the Exchange Rate that bank charge is quite high 3.5397 as ringgit value is falling.
** Also you can see the Fast Fund Status on the screen.
- Fast Fund – within 30 minutes
- Non fast fund – within 2 working days
M2U Visa Direct Features
M2U Visa Direct Service is 24 hours x 7 days except during Maybank2u maintenance hours. Just make sure you have enough money in your Maybank account.
You can almost make a transfer on a real time directly to overseas Visa debit, credit and prepaid card accounts to more than 200 countries. The beneficiary has the option to use the funds directly at participating Visa merchants or cashing it out. No “hidden cost ” to beneficiary to receive the money.
My 2 cents
M2U is convenient and cheap way to send money to overseas. You don’t have to go to the bank to fill in forms and wait for your number like Telegraphic Transfer or Western Union.
However, due to the currency rate for Ringgit is worsening right now maybe its not the best time to send your money abroad.