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

24. Detail Transaction Log

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

27. FREQUENCY CHECK

29. IP/COUNTRY FILTER

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

31. BLACK LIST DATABASE

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)

35. CUSTOMIZE RULES

36. CUSTOMIZE RULES

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 :

41. Thank you