SlideShare a Scribd company logo
1 of 41
The right payment gateway provider and
payment options can provide your business
           the competitive edge
E-Commerce Flow




             Fulfillment          Payment Status       Payment Approval



            Purchase                   Payment             Seeking Approval

Online Buyers /                                  Payment                  Banks/
]members               Travel Portal             Gateway                  Financial
                                                                          Insitutions
Critical Points when considering a payment gateway provider

  1) State of the art                           FRAUD System
          . Flexible and it is a rule based system
          . Extensive domestic, regional and global database
          . Years of Experience and proven track record
          . Pre trade/transaction attempted fraud and post trade
          . Have critical fraud tools
          . Many more!

  2) Comprehensive connectivity to all major shopping carts

  3) Many payment options and direct connectivity to the banks

  4) Provide Multi currencies

  5) Provider of the gateway must be registered and notified by Bank
     Negara under the “system payment act 2003” and must be
     well established and proven in the market.

  6) Leading Payment gateway in South East Asia (SEA).
  Choose ipay88 and you have all the above and beyond
About iPay88 / Mobile88
•   Founded Mobile88.com in Apr 2000


•   Mobile88.com obtained MSC Status in 2003


•   Founded iPay88 in year 2006


•   iPay88 obtained MSC status in 2007


•   iPay88 notified under “System Payment Act 2003” by Bank
    Negara in 2007
What is iPay88 ?


    “iPay88 is an Online Payment Service
   offered to sellers (or e-merchants) which
 allows sellers to be paid by their customers
 via online, anytime and anywhere by using
        the various payment channels:”
iPay88 – Comprehensive Payment Options (local)
iPay88 Payment Network / Cloud – First in Asia
How iPay88 help merchants on regional e-Commerce

•   Credit Card penetration is still low in most of South East Asia countries.
    - Need to educate the industry such as merchants and the users.
•   Appointed by Mdec to be part of Digital Malaysia initiative and also to assist MSC
    status companies to expand to overseas markets.
•   iPay88 supports local payment options

    •   Cover non-Card customer such as online banking, e wallets, payment over
        ATM, payment over the counter and payment over the Digital Kiosk.
•   One Stop Regional Payment Gateway Service Provider – save time & cost
•   iPay88 is an established award winning regional payment gateway in South East
    Asia – Full operational offices in Malaysia, Indonesia, Philippines, Singapore and
    Thailand.
•   Soon will be Vietnam, Myanmar and Lao.
iPay88 Products
   Functions
       &
    Features
Company Background
             iPay88 - Achievement

             “   Most Outstanding Merchant 2009”

             Platinum Partner

             APICTA 2010 Malaysia – Best of Financial
              Applications

             Compliant with Payment System Act 2003
              (notified by Bank Negara) since 2006
              http://www.bnm.gov.my/microsites/payment/05_regulatees.htm

Fraud rate below 0.05%
PRODUCT & SERVICES




                                  Cash Management Gateway
  Online Payment Gateway                  (Payout)
                                        Coming Soon




Comprehensive Payment Methods :
                                       Payout Channels :
   • Credit Card
                                    • Bank TT
   • Online Banking
                                    • Remittance Channels
   • E-wallet
                                    • Local Banks Transfer
   • Counter Payment (walk-in)
Online Payment

   Direct Link                       Email Payment      Virtual Link       Auto-Debit
                                                                                            Multi-Pay
(online payment   Virtual Terminal    (Request for   (Virtual Shopping    (Scheduled
                                                                                         (0% Installment)
   gateway)                             Money)        Cart+Payment)       Collections)




                            Mobile-Pay
                                                               Escrow Service
                            (Pay using         E-Wallet
                                                                   (C2C)
                           Mobile Phone)
PRODUCT & SERVICES

PayOut (Cash Management)

                        Payout
                    (Payment to 3rd
                        party)


 Local Banks
                Oversea          Cheque        Telegraphy
    Cash
               Remittance     (Issue & mail)    Transfer
 Management
Mobile88 Group
                         of Companies



    Malaysia                                        Oversea

                                                                  100% owned
100% owned
                                                    PT. Dinamik Mobile
    Mobile88 Sdn Bhd
                                                    (Indonesia)
100% owned                                                         100% owned
    RubyMax Sdn Bhd                                 IPay88 International
                                                    Limited (U.K.)
100% owned
                       2011 Trnx amount: US$54mil
    IPay88 Sdn Bhd     Net Profit: US$250,000



                Positive Reliance      40% owned    IPay88 Philippines
                Sdn Bhd                             Inc.

                                                    Initial Paid-up Capital: PHP250,000

ipay88.com
PRESENTATION




Online Payment Switching Gateway
   Security and Fraud Control
FAMS

Fraud Administration
         &
 Monitoring System
       (FAMS)
CURRENT PROCESS
Current Process




                  ‣ All transaction flow through Kasikorn Bank
                    credit card processing gateway
                  ‣ Fraud only get notified by Kasikorn Bank
                    credit card processing gateway when
                    customers file their disputes
                  ‣ Only able to manage post-transaction risks
                    monitoring - high risks for dispute rates

    ipay88.com
NEW PROCESS
New Process




                ‣ Deploy IPay88 FAMS into Kasikorn Bank’s
                  Credit Card Processing system
                ‣ All transactions flow through Kasikorn Bank’s
                  Credit Card Processing system will filter by
                  the IPay88 FAMS
                ‣ Able to conduct Pre-transaction and
                  During-transaction risks assessment and
                  filtering, reduce at least 80% of the frauds



   ipay88.com
NEW PROCESS
 New Process
stage one: pre-transaction fraud filtering




               ‣   Pre-transaction Filtering:
               ‣   filter by email
               ‣   filter by black list IP
               ‣   filter by black list country
               ‣   filter by white-list IP/country
               ‣   filter by white-list email/name




     ipay88.com
NEW PROCESS
stage two: during-transaction fraud filtering




                   ‣   During-transaction Filtering:
                   ‣   filter by black-list credit card number
                   ‣   filter by Bin-number
                   ‣   filter by issue bank
                   ‣   filter by Verified by Visa/Master
                   ‣   filter by white-list credit card number
                   ‣   filter by white-list Bin-number




     ipay88.com
NEW PROCESS
 New Process
stage three: post-transaction fraud filtering




                     ‣   Post-transaction Filtering:
                     ‣   Velocity check
                     ‣   Historical pattern check
                     ‣   Product risk filtering
                     ‣   Fraud statistical trending




     ipay88.com
NEW PROCESS
 New Process
on-going : merchant monitoring




       ‣   Merchant Monitoring:
       ‣   Web crawler for webpage indexing
       ‣   Risks profile management
       ‣   Fraud level monitoring
       ‣   Merchant risks management base on
           industry and category




     ipay88.com
System Security
   Data Communication via HTTPS (SSL)
   SHA1 Digital Signature verification
   Pre-determined Source & Target URLs
   Merchant re-query
   PCI DSS Certified
Detail Transaction Log
FRAUD CONTROL
•   Transaction limit
    •   Transaction value

        •   Within certain time frame

            •    By IP address, email, credit card …etc




•   Merchant limit
    •   Limit set by monthly, or daily

    •   Maximum amount per transaction
FRAUD CONTROL
• Frequency Check
  • Number of attempt
  • Number of card used
  • By matrix (using same email, IP Address, Contact,
    name…..)


• IP Filtering
  • Reject or highlight transaction from high-risk country
• Bin bank filtering
• Fraud score from 3 Party (Fraud Labs)
                     rd

• Accept only 3D Products) card for high risk category (Exp:
  Gadget, Virtual
                   compliant
FREQUENCY CHECK
IP/COUNTRY FILTER
FRAUD CONTROL
•   Blacklist Database
    •   Credit Card

    •   IP Address

    •   Email

    •   Update credit card list from hacker forums




    •   White list

    •   Pre-register credit card

    •   Eg: Apply to high risk merchant – virtual products
BLACK LIST DATABASE
FRAUD CONTROL
• Eye-Balling to track potential fraud
   • IP location and Card Issued location (system highlight)
   • Customer name and Card Issued location

 • Website Auditing
   • Random check every quarterly (focus on high risk
     category).
   • Automated website audit (3 levels web pages)
     •   To track possible changes of products / services by merchants
         (to sell other illegal products)
FRAUD CONTROL




  Foreign issued Credit Card will be highlighted.
RULES BASE
FRAUD FILTERING
•   Customizable transaction filters (rules)
    •   By merchant

    •   By category

    •   Any other conditions (base on database parameters)
CUSTOMIZE RULES
CUSTOMIZE RULES
Achievement
     &
  Portfolio
Some of iPay88 Clients (for reference)


Telco & Bank:
Media & Portal :

Groups Buy :

Fashion :

Event :

Ticketing:
Jobs :
Classifieds:
Some of iPay88 Clients (for reference)

E-Mall:
Gift & Flowers:
NGO & Charity :

IT Services :

Games:

Foods & Glocery:

Govertment :

Investment:
Largest Regional Payment Network
Connected to more than 250 banks in Asia & Europe


        CHINA :

        Philippines :

       Thailand :

        Australia & NZ :

        Malaysia :

        Europe :

        Indonesia :

        Saudi Arab :
Thank you

More Related Content

What's hot

Fraud and security concern, how it applies in e-Commerce and banking financial
Fraud and security concern, how it applies in e-Commerce and banking financialFraud and security concern, how it applies in e-Commerce and banking financial
Fraud and security concern, how it applies in e-Commerce and banking financial
Technopreneurs Association of Malaysia
 
Electronic payment system(EPS)
Electronic payment system(EPS)Electronic payment system(EPS)
Electronic payment system(EPS)
rahul kundu
 

What's hot (20)

Fraud and security concern, how it applies in e-Commerce and banking financial
Fraud and security concern, how it applies in e-Commerce and banking financialFraud and security concern, how it applies in e-Commerce and banking financial
Fraud and security concern, how it applies in e-Commerce and banking financial
 
Payment Gateway
Payment GatewayPayment Gateway
Payment Gateway
 
Payment gateways
Payment gateways Payment gateways
Payment gateways
 
Electronic payment system
Electronic payment systemElectronic payment system
Electronic payment system
 
Payment gateway
Payment gatewayPayment gateway
Payment gateway
 
Electronic payment system(EPS)
Electronic payment system(EPS)Electronic payment system(EPS)
Electronic payment system(EPS)
 
Payment Gateway
Payment Gateway Payment Gateway
Payment Gateway
 
Payment Card System Overview
Payment Card System OverviewPayment Card System Overview
Payment Card System Overview
 
Electronic payment system
Electronic payment systemElectronic payment system
Electronic payment system
 
Credit Card Systems
Credit Card SystemsCredit Card Systems
Credit Card Systems
 
Electronic Payment System (EPS) Presentation
Electronic Payment System (EPS) PresentationElectronic Payment System (EPS) Presentation
Electronic Payment System (EPS) Presentation
 
Online payment gateway provider
Online payment gateway providerOnline payment gateway provider
Online payment gateway provider
 
E banking Services
E banking ServicesE banking Services
E banking Services
 
E Banking
E BankingE Banking
E Banking
 
Plastic money
Plastic moneyPlastic money
Plastic money
 
Mobile banking
Mobile bankingMobile banking
Mobile banking
 
Electronic payment system
Electronic payment systemElectronic payment system
Electronic payment system
 
EDI
EDIEDI
EDI
 
Electronic payment systems
Electronic payment systemsElectronic payment systems
Electronic payment systems
 
Online Payment Gateway System
Online Payment Gateway SystemOnline Payment Gateway System
Online Payment Gateway System
 

Viewers also liked

Viewers also liked (10)

MOL Pay presentation 2016
MOL Pay presentation 2016MOL Pay presentation 2016
MOL Pay presentation 2016
 
MOLPoints Global Presentation 2015 03
MOLPoints Global Presentation  2015 03MOLPoints Global Presentation  2015 03
MOLPoints Global Presentation 2015 03
 
Mol points presentation 2016 02
Mol points presentation   2016 02Mol points presentation   2016 02
Mol points presentation 2016 02
 
The testament of a furniture dealer
The testament of a furniture dealerThe testament of a furniture dealer
The testament of a furniture dealer
 
Biztalk Meetup #1 : SALESTOCK.ID on Data Driven HR Mode
Biztalk Meetup #1 : SALESTOCK.ID on Data Driven HR ModeBiztalk Meetup #1 : SALESTOCK.ID on Data Driven HR Mode
Biztalk Meetup #1 : SALESTOCK.ID on Data Driven HR Mode
 
3 Things Every Sales Team Needs to Be Thinking About in 2017
3 Things Every Sales Team Needs to Be Thinking About in 20173 Things Every Sales Team Needs to Be Thinking About in 2017
3 Things Every Sales Team Needs to Be Thinking About in 2017
 
MOL E-Services
MOL E-ServicesMOL E-Services
MOL E-Services
 
MOL Pay mobile
MOL Pay mobileMOL Pay mobile
MOL Pay mobile
 
Omise and AWS, A Lean Startup in Thailand
Omise and AWS, A Lean Startup in ThailandOmise and AWS, A Lean Startup in Thailand
Omise and AWS, A Lean Startup in Thailand
 
Omise fintech研究会
Omise fintech研究会Omise fintech研究会
Omise fintech研究会
 

Similar to Ipay88 - Malaysia Payment Gateway 2012

Pay Easy Solutions Internationalv2
Pay Easy Solutions Internationalv2Pay Easy Solutions Internationalv2
Pay Easy Solutions Internationalv2
davidlambert1978
 
GoCoin Digital Currency Payments Presentation
GoCoin Digital Currency Payments PresentationGoCoin Digital Currency Payments Presentation
GoCoin Digital Currency Payments Presentation
GoCoin
 
PayU Biz Product Deck (1)
PayU Biz Product Deck (1)PayU Biz Product Deck (1)
PayU Biz Product Deck (1)
ICICI Bank
 
Dmtm --final
Dmtm --finalDmtm --final
Dmtm --final
Rima Dave
 
PesoPay Presentation
PesoPay PresentationPesoPay Presentation
PesoPay Presentation
ebiziseasy
 

Similar to Ipay88 - Malaysia Payment Gateway 2012 (20)

How are mobile devices changing face of payments?
How are mobile devices changing face of payments?How are mobile devices changing face of payments?
How are mobile devices changing face of payments?
 
2020 kyriba payment_network
2020 kyriba payment_network2020 kyriba payment_network
2020 kyriba payment_network
 
Pay Easy Solutions Internationalv2
Pay Easy Solutions Internationalv2Pay Easy Solutions Internationalv2
Pay Easy Solutions Internationalv2
 
GoCoin Digital Currency Payments Presentation
GoCoin Digital Currency Payments PresentationGoCoin Digital Currency Payments Presentation
GoCoin Digital Currency Payments Presentation
 
PayU Biz Product Deck (1)
PayU Biz Product Deck (1)PayU Biz Product Deck (1)
PayU Biz Product Deck (1)
 
DG Bank’s Advanced Mobile Money Solution
DG Bank’s Advanced Mobile Money SolutionDG Bank’s Advanced Mobile Money Solution
DG Bank’s Advanced Mobile Money Solution
 
What Is Mobile App Payment Gateway Integration - consumer-sketch.pptx
What Is Mobile App Payment Gateway Integration - consumer-sketch.pptxWhat Is Mobile App Payment Gateway Integration - consumer-sketch.pptx
What Is Mobile App Payment Gateway Integration - consumer-sketch.pptx
 
Dmtm --final
Dmtm --finalDmtm --final
Dmtm --final
 
Introducing safexpay smart NBFC solution
Introducing safexpay smart NBFC solutionIntroducing safexpay smart NBFC solution
Introducing safexpay smart NBFC solution
 
Introducing safex pay june2017
Introducing safex pay june2017Introducing safex pay june2017
Introducing safex pay june2017
 
Introducing safex pay june2017
Introducing safex pay june2017Introducing safex pay june2017
Introducing safex pay june2017
 
Get Paid presentation_20190123
Get Paid presentation_20190123Get Paid presentation_20190123
Get Paid presentation_20190123
 
Get Paid! Plugins, Gateways, BitCoin: WordPress Ecommerce Project Management
Get Paid! Plugins, Gateways, BitCoin: WordPress Ecommerce Project ManagementGet Paid! Plugins, Gateways, BitCoin: WordPress Ecommerce Project Management
Get Paid! Plugins, Gateways, BitCoin: WordPress Ecommerce Project Management
 
Safex pay avantgarde -presentation
Safex pay avantgarde -presentationSafex pay avantgarde -presentation
Safex pay avantgarde -presentation
 
Airpay - Omni Channel Payment Solutions
Airpay - Omni Channel Payment Solutions Airpay - Omni Channel Payment Solutions
Airpay - Omni Channel Payment Solutions
 
Payment Gateway
Payment GatewayPayment Gateway
Payment Gateway
 
PesoPay Presentation
PesoPay PresentationPesoPay Presentation
PesoPay Presentation
 
Ccavenue presentation
Ccavenue presentationCcavenue presentation
Ccavenue presentation
 
YESpay Corporate Presentation 2009
YESpay Corporate Presentation 2009YESpay Corporate Presentation 2009
YESpay Corporate Presentation 2009
 
Is Payment Gateway Business Profitable in 2024?
Is Payment Gateway Business Profitable in 2024?Is Payment Gateway Business Profitable in 2024?
Is Payment Gateway Business Profitable in 2024?
 

More from webShaper

Social commerce IQ in eStore
Social commerce IQ in eStoreSocial commerce IQ in eStore
Social commerce IQ in eStore
webShaper
 
10 tips to optimize
10 tips to optimize10 tips to optimize
10 tips to optimize
webShaper
 

More from webShaper (10)

8 Secrects of The World's Most Innovative Retailers
8 Secrects of The World's Most Innovative Retailers8 Secrects of The World's Most Innovative Retailers
8 Secrects of The World's Most Innovative Retailers
 
Shopee API Credentials Linking Steps
Shopee API Credentials Linking StepsShopee API Credentials Linking Steps
Shopee API Credentials Linking Steps
 
The best way to sell fashion online 2013 web shaper
The best way to sell fashion online 2013  web shaperThe best way to sell fashion online 2013  web shaper
The best way to sell fashion online 2013 web shaper
 
How Online Research Influencing Offline Purchase
How Online Research Influencing Offline PurchaseHow Online Research Influencing Offline Purchase
How Online Research Influencing Offline Purchase
 
Social commerce IQ in eStore
Social commerce IQ in eStoreSocial commerce IQ in eStore
Social commerce IQ in eStore
 
Must-Do Internet Marketing for Your webStore
Must-Do Internet Marketing for Your webStoreMust-Do Internet Marketing for Your webStore
Must-Do Internet Marketing for Your webStore
 
10 Things you must know before building an e-commerce website
10 Things you must know before building  an e-commerce website10 Things you must know before building  an e-commerce website
10 Things you must know before building an e-commerce website
 
WorldPay Internet Payment Gateway Application
WorldPay Internet Payment Gateway ApplicationWorldPay Internet Payment Gateway Application
WorldPay Internet Payment Gateway Application
 
Top 5 Mistakes In Running Google Adwords
Top 5 Mistakes In Running Google AdwordsTop 5 Mistakes In Running Google Adwords
Top 5 Mistakes In Running Google Adwords
 
10 tips to optimize
10 tips to optimize10 tips to optimize
10 tips to optimize
 

Recently uploaded

Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service BangaloreCall Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
amitlee9823
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
lizamodels9
 
Call Girls From Pari Chowk Greater Noida ❤️8448577510 ⊹Best Escorts Service I...
Call Girls From Pari Chowk Greater Noida ❤️8448577510 ⊹Best Escorts Service I...Call Girls From Pari Chowk Greater Noida ❤️8448577510 ⊹Best Escorts Service I...
Call Girls From Pari Chowk Greater Noida ❤️8448577510 ⊹Best Escorts Service I...
lizamodels9
 

Recently uploaded (20)

MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
 
BAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
BAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRLBAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
BAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
 
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service BangaloreCall Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
 
Falcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to ProsperityFalcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to Prosperity
 
Business Model Canvas (BMC)- A new venture concept
Business Model Canvas (BMC)-  A new venture conceptBusiness Model Canvas (BMC)-  A new venture concept
Business Model Canvas (BMC)- A new venture concept
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
 
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...
 
Falcon Invoice Discounting platform in india
Falcon Invoice Discounting platform in indiaFalcon Invoice Discounting platform in india
Falcon Invoice Discounting platform in india
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
 
Call Girls Service In Old Town Dubai ((0551707352)) Old Town Dubai Call Girl ...
Call Girls Service In Old Town Dubai ((0551707352)) Old Town Dubai Call Girl ...Call Girls Service In Old Town Dubai ((0551707352)) Old Town Dubai Call Girl ...
Call Girls Service In Old Town Dubai ((0551707352)) Old Town Dubai Call Girl ...
 
Famous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st CenturyFamous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st Century
 
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service AvailableCall Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
 
John Halpern sued for sexual assault.pdf
John Halpern sued for sexual assault.pdfJohn Halpern sued for sexual assault.pdf
John Halpern sued for sexual assault.pdf
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League City
 
Forklift Operations: Safety through Cartoons
Forklift Operations: Safety through CartoonsForklift Operations: Safety through Cartoons
Forklift Operations: Safety through Cartoons
 
Call Girls From Pari Chowk Greater Noida ❤️8448577510 ⊹Best Escorts Service I...
Call Girls From Pari Chowk Greater Noida ❤️8448577510 ⊹Best Escorts Service I...Call Girls From Pari Chowk Greater Noida ❤️8448577510 ⊹Best Escorts Service I...
Call Girls From Pari Chowk Greater Noida ❤️8448577510 ⊹Best Escorts Service I...
 
Phases of negotiation .pptx
 Phases of negotiation .pptx Phases of negotiation .pptx
Phases of negotiation .pptx
 

Ipay88 - Malaysia Payment Gateway 2012

  • 1. The right payment gateway provider and payment options can provide your business the competitive edge
  • 2. E-Commerce Flow Fulfillment Payment Status Payment Approval Purchase Payment Seeking Approval Online Buyers / Payment Banks/ ]members Travel Portal Gateway Financial Insitutions
  • 3. Critical Points when considering a payment gateway provider 1) State of the art FRAUD System . Flexible and it is a rule based system . Extensive domestic, regional and global database . Years of Experience and proven track record . Pre trade/transaction attempted fraud and post trade . Have critical fraud tools . Many more! 2) Comprehensive connectivity to all major shopping carts 3) Many payment options and direct connectivity to the banks 4) Provide Multi currencies 5) Provider of the gateway must be registered and notified by Bank Negara under the “system payment act 2003” and must be well established and proven in the market. 6) Leading Payment gateway in South East Asia (SEA). Choose ipay88 and you have all the above and beyond
  • 4. About iPay88 / Mobile88 • Founded Mobile88.com in Apr 2000 • Mobile88.com obtained MSC Status in 2003 • Founded iPay88 in year 2006 • iPay88 obtained MSC status in 2007 • iPay88 notified under “System Payment Act 2003” by Bank Negara in 2007
  • 5. What is iPay88 ? “iPay88 is an Online Payment Service offered to sellers (or e-merchants) which allows sellers to be paid by their customers via online, anytime and anywhere by using the various payment channels:”
  • 6. iPay88 – Comprehensive Payment Options (local)
  • 7. iPay88 Payment Network / Cloud – First in Asia
  • 8. How iPay88 help merchants on regional e-Commerce • Credit Card penetration is still low in most of South East Asia countries. - Need to educate the industry such as merchants and the users. • Appointed by Mdec to be part of Digital Malaysia initiative and also to assist MSC status companies to expand to overseas markets. • iPay88 supports local payment options • Cover non-Card customer such as online banking, e wallets, payment over ATM, payment over the counter and payment over the Digital Kiosk. • One Stop Regional Payment Gateway Service Provider – save time & cost • iPay88 is an established award winning regional payment gateway in South East Asia – Full operational offices in Malaysia, Indonesia, Philippines, Singapore and Thailand. • Soon will be Vietnam, Myanmar and Lao.
  • 9. iPay88 Products Functions & Features
  • 10. Company Background iPay88 - Achievement  “ Most Outstanding Merchant 2009”  Platinum Partner  APICTA 2010 Malaysia – Best of Financial Applications  Compliant with Payment System Act 2003 (notified by Bank Negara) since 2006 http://www.bnm.gov.my/microsites/payment/05_regulatees.htm Fraud rate below 0.05%
  • 11. PRODUCT & SERVICES Cash Management Gateway Online Payment Gateway (Payout) Coming Soon Comprehensive Payment Methods : Payout Channels : • Credit Card • Bank TT • Online Banking • Remittance Channels • E-wallet • Local Banks Transfer • Counter Payment (walk-in)
  • 12. Online Payment Direct Link Email Payment Virtual Link Auto-Debit Multi-Pay (online payment Virtual Terminal (Request for (Virtual Shopping (Scheduled (0% Installment) gateway) Money) Cart+Payment) Collections) Mobile-Pay Escrow Service (Pay using E-Wallet (C2C) Mobile Phone)
  • 13. PRODUCT & SERVICES PayOut (Cash Management) Payout (Payment to 3rd party) Local Banks Oversea Cheque Telegraphy Cash Remittance (Issue & mail) Transfer Management
  • 14. Mobile88 Group of Companies Malaysia Oversea 100% owned 100% owned PT. Dinamik Mobile Mobile88 Sdn Bhd (Indonesia) 100% owned 100% owned RubyMax Sdn Bhd IPay88 International Limited (U.K.) 100% owned 2011 Trnx amount: US$54mil IPay88 Sdn Bhd Net Profit: US$250,000 Positive Reliance 40% owned IPay88 Philippines Sdn Bhd Inc. Initial Paid-up Capital: PHP250,000 ipay88.com
  • 15. PRESENTATION Online Payment Switching Gateway Security and Fraud Control
  • 16. FAMS Fraud Administration & Monitoring System (FAMS)
  • 17. CURRENT PROCESS Current Process ‣ All transaction flow through Kasikorn Bank credit card processing gateway ‣ Fraud only get notified by Kasikorn Bank credit card processing gateway when customers file their disputes ‣ Only able to manage post-transaction risks monitoring - high risks for dispute rates ipay88.com
  • 18. NEW PROCESS New Process ‣ Deploy IPay88 FAMS into Kasikorn Bank’s Credit Card Processing system ‣ All transactions flow through Kasikorn Bank’s Credit Card Processing system will filter by the IPay88 FAMS ‣ Able to conduct Pre-transaction and During-transaction risks assessment and filtering, reduce at least 80% of the frauds ipay88.com
  • 19. NEW PROCESS New Process stage one: pre-transaction fraud filtering ‣ Pre-transaction Filtering: ‣ filter by email ‣ filter by black list IP ‣ filter by black list country ‣ filter by white-list IP/country ‣ filter by white-list email/name ipay88.com
  • 20. NEW PROCESS stage two: during-transaction fraud filtering ‣ During-transaction Filtering: ‣ filter by black-list credit card number ‣ filter by Bin-number ‣ filter by issue bank ‣ filter by Verified by Visa/Master ‣ filter by white-list credit card number ‣ filter by white-list Bin-number ipay88.com
  • 21. NEW PROCESS New Process stage three: post-transaction fraud filtering ‣ Post-transaction Filtering: ‣ Velocity check ‣ Historical pattern check ‣ Product risk filtering ‣ Fraud statistical trending ipay88.com
  • 22. NEW PROCESS New Process on-going : merchant monitoring ‣ Merchant Monitoring: ‣ Web crawler for webpage indexing ‣ Risks profile management ‣ Fraud level monitoring ‣ Merchant risks management base on industry and category ipay88.com
  • 23. System Security  Data Communication via HTTPS (SSL)  SHA1 Digital Signature verification  Pre-determined Source & Target URLs  Merchant re-query  PCI DSS Certified
  • 25. FRAUD CONTROL • Transaction limit • Transaction value • Within certain time frame • By IP address, email, credit card …etc • Merchant limit • Limit set by monthly, or daily • Maximum amount per transaction
  • 26. FRAUD CONTROL • Frequency Check • Number of attempt • Number of card used • By matrix (using same email, IP Address, Contact, name…..) • IP Filtering • Reject or highlight transaction from high-risk country • Bin bank filtering • Fraud score from 3 Party (Fraud Labs) rd • Accept only 3D Products) card for high risk category (Exp: Gadget, Virtual compliant
  • 28.
  • 30. FRAUD CONTROL • Blacklist Database • Credit Card • IP Address • Email • Update credit card list from hacker forums • White list • Pre-register credit card • Eg: Apply to high risk merchant – virtual products
  • 32. FRAUD CONTROL • Eye-Balling to track potential fraud • IP location and Card Issued location (system highlight) • Customer name and Card Issued location • Website Auditing • Random check every quarterly (focus on high risk category). • Automated website audit (3 levels web pages) • To track possible changes of products / services by merchants (to sell other illegal products)
  • 33. FRAUD CONTROL Foreign issued Credit Card will be highlighted.
  • 34. RULES BASE FRAUD FILTERING • Customizable transaction filters (rules) • By merchant • By category • Any other conditions (base on database parameters)
  • 37. Achievement & Portfolio
  • 38. Some of iPay88 Clients (for reference) Telco & Bank: Media & Portal : Groups Buy : Fashion : Event : Ticketing: Jobs : Classifieds:
  • 39. Some of iPay88 Clients (for reference) E-Mall: Gift & Flowers: NGO & Charity : IT Services : Games: Foods & Glocery: Govertment : Investment:
  • 40. Largest Regional Payment Network Connected to more than 250 banks in Asia & Europe CHINA : Philippines : Thailand : Australia & NZ : Malaysia : Europe : Indonesia : Saudi Arab :