What is ther insurance?

life insurance secure the life

Insurance is a form of risk management the main purpose of insurance is  used to hedge against the risk of a contingent, sudden accident and uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer, or insurance carrier, is a company selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount to be charged for a certain amount of insurance coverage 

What is Payza?

 Payza is an kind of online bank through which we can do any kind of financial activities through the internet such as sending money from one place to other ,buying goods from online ,transferring money from one account to other and so on  . For personal users, it is a low-cost method for transferring money internationally and a platform for the purchase of goods and services online. For merchants, Payza serves as a platform for e-commerce processing, corporate disbursements and online business management tools, including invoicing and foreign exchange. Payza is a U.S. licensed money transmitter agent with offices in London, New York, Montreal, Mumbai, Dhaka, Solna, Moldova and many other countries .

Features

Payza supports sending and receiving payments in 190+ countries in 21 currencies, including developing and under served marketplaces. Individual customers can open an account with Payza through registering their email address and personal data on the company's website. Completing an optional identity verification process allows the sending/receiving of higher-value payments. Accounts are identified by email address associated with them; consequently, payments made from a Payza account (other than withdrawals to one’s own bank account or a prepaid card) is like "sending" money to an email address. For businesses, Payza provides several business management tools such as checkout buttons, shopping carts, support for invoicing and payouts, and tools for developers to integrate Payza with their websites.

General Services

•           Remittances to/from over 190+ countries

•           Electronic invoices

•           Credit card payment processing

•           Prepaid cards

•           Fraud prevention and security

•           Currency exchange

•           Tools for business management

•           APIs and other resources for developers

Mobile Banking

Mobile banking (also known as M-Banking, mbanking) is a term used for performing balance checks, account transactions, payments, credit applications and other banking transactions through a mobile device such as a mobile phone or Personal Digital Assistant (PDA).

Mobile banking and Mobile payments are often, incorrectly, used interchangeably. The two terms are differentiated by their service provider-to-consumer relationship; financial institution-to-consumer versus commercial institution-to-consumer for mobile banking and payments, respectively. Mobile Banking involves using mobile devices gain to access financial services. Mobile payments on the other hand may be defined as the use of mobile devices to pay for goods or services either at the point of purchase or remotely. Bill payment is not considered a form of mobile payment because it does not occur in real time.

The earliest mobile banking services were offered over SMS, a service known as SMS banking. With the introduction of the first primitive smart phones with WAP support enabling the use of the mobile web in 1999, the first European banks started to offer mobile banking on this platform to their customers

Mobile banking has until recently (2010) most often been performed via SMS or the mobile web. Apple's initial success with iPhone and the rapid growth of phones based on Google's Android (operating system) have led to increasing use of special client programs, called apps, downloaded to the mobile device. With that said, advancements in web technologies such as HTML5, CSS3 and JavaScript have seen more banks launching mobile web based services to compliment native applications. A recent study (May 2012) by Mapa Research suggests that over a third of banks have mobile device detection upon visiting the banks' main website. A number of things can happen on mobile detection such as redirecting to an app store, redirection to a mobile banking specific website or providing a menu of mobile banking options for the user to choose from of which visiting the main homepage is one.

MasterCard

MasterCard®PayPass™

What is MasterCard PayPass™?

MasterCard PayPass is our new innovative Tap & Go payment system which offers you a faster, easier way to make purchases. It works like a regular MasterCard card except there’s no fumbling for change and you speed past cashiers with a simple tap.

How does it work?

It’s simple. No more searching for coins or waiting for change. At the checkout counter, simply

 1. Tap your card on the PayPass reader.

 2. Listen for a beep and look for the green lights indicating payment was accepted.

 3. If your purchase is under Php500 / RM110, that is it - you're on your way. No need for     signature.

Is PayPass Safe?

With secure encryption technology and Zero Liability protection, MasterCard PayPass is as safe as your regular card.

    You are in control - your PayPass never leaves your hands to make a payment.

    No accidental payments - your PayPass must be extremely close to the reader at checkout to work.

    Not billed twice - even if you tap more than once, you'll only get billed once for your purchase.

Where can I use my MasterCard PayPass?

You can use MasterCard PayPass anywhere you see the MasterCard PayPass logo. This includes places such as fast food restaurants, convenience stores, movie theatres, petrol stations and more. Your PayPass card can still be used by swiping, like a normal MasterCard card at other places.

E-Banking

e-banking is defined as the automated delivery of new and traditional banking products and services directly to customers through electronic, interactive communication channels. E-banking includes the systems that enable financial institution customers, individuals or businesses, to access accounts, transact business, or obtain information on financial products and services through a public or private network, including the Internet. Customers access e-banking services using an intelligent electronic device, such as a personal computer (PC), personal digital assistant (PDA), automated teller machine (ATM), kiosk, or Touch Tone telephone. While the risks and controls are similar for the various e-banking access channels, this booklet focuses specifically on Internet-based services due to the Internet's widely accessible public network. Accordingly, this booklet begins with a discussion of the two primary types of Internet websites: informational and transactional. E-banking refers to electronic banking. It is like e-business in banking industry. E-banking is also called as "Virtual Banking" or "Online Banking".

E-banking involves information technology based banking. Under this I.T system, the banking services are delivered by way of a Computer-Controlled System. This system does involve direct interface with the customers. The customers do not have to visit the bank's premises.

The popular services covered under E-banking include :-

1.         Automated Teller Machines,

2.         Credit Cards,

3.         Debit Cards,

4.         Smart Cards,

5.         Electronic Funds Transfer (EFT) System,

6.         Cheques Truncation Payment System,

7.         Mobile Banking,

8.         Internet Banking,

9.         Telephone Banking, etc.

 Advantages of E-Banking

The main advantages of E-banking are :-

1.     The operating cost per unit services is lower for the banks.
2. It offers convenience to customers as they are not required to go to the bank's premises
3. There is very low incidence of errors
4. The customer can obtain funds at any time from ATM machines
5. The credit cards and debit cards enables the Customers to obtain discounts from retail outlets.
6. The customer can easily transfer the funds from one place to another place electronically.