Archive for May, 2007
Ready for 3-D Secure?
The next step in the fight against on-line fraud is about to be taken as Visa and Maestro adopt 3-D Secure. These arrangements will be known as ‘Verified by Visa’ and Mastercard Secure respectively. 3-D secure provides for an extra step in the card payment process which requires the customer to type in the equivalent of a PIN number. The extra security this allows is the equivalent of the a card PIN number now common for offline usage and provides a far higher confidence that the user of the card is actually the card holder. 3-D secure will be recommenced to customers by their card issuing banks as an extra (free) service and many will no doubt be taking this up given it makes it far more difficult for someone to use their card should they loose it. For the e-commerce sit owner key benefits include:
e-gold® Founder Denies Criminal Charges
( taken from e-gold site )
On April 24, 2007, a Federal Grand Jury handed down an indictment charging e-gold Ltd., Gold & Silver Reserve, Inc., and the Directors of both companies with money laundering, operating an unlicensed money transmitter business, and conspiracies to commit both offenses.
Dr. Douglas Jackson, Chairman and Founder of e-gold, speaking on behalf of his fellow Directors and both companies vigorously denies the charges, taking particular exception to the allegations that either company ever turned a blind eye to payments for child pornography or for the sale of stolen identity and credit card information.
E-gold trubles again . It’s only matter of time.
Well, a lot of us knew it was coming… With all the rumours flying around about EGold Ltd; Gold & Silver Reserve, Inc, people knew deep down that something must be happening. Today E-Gold’s Owners: Dr Douglas L. Jackson, Reid A. Jackson and Barry K. Downing have been indicted for money laundering and illegal money transmitting. However, this sounds a lot worse than it actually is. The definition of Indict is: (of a grand jury) to bring a formal accusation against, as a means of bringing to trial. So basically the government has made an accusation against e-gold which they feel confident enough with to make it ‘formal’. This is one of the many ways of forcing a trial.
