Payza Updates

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Rise Of The Gig Economy

Recent times have seen many changes in the way organizations go about their business. There have been many disruptions to traditional methods of working due to new business models and rapid innovations in technology. These changes have also impacted the modern workforce. More and more organizations now employ freelance workers and contracting partners to rapidly bring niche skills on the table. According to one estimate, more than half the workforce in the US would comprise of freelancers by the year 2020 in the technical domain. This trend of employing the services of freelance workers is commonly referred to as the gig economy.

In the gig economy, companies usually hire independent workers for a short term. This leads to the creation of temporary positions. The key benefit of generating a temporary labor force along with your regular employees is that you can hire top quality talent from across the world. These short-term workers are usually specialists brought on board for a specific need and their niche skills can quickly generate benefits and cut overheads associated with training and developing inhouse talent.

Many highly experienced professionals now prefer to work as solopreneurs and consultants and this has given a big boost to the gig economy as they bring huge value to the organizations they work with. Several other factors have also contributed to the growth of freelance work. Let us look at some of them.

Automation

Recent months have seen a huge interest in technologies such as Robotic Process Automation more commonly referred to as RPA. As companies invest more in automation, they no longer require full time salaried employees. They only need part-time or contract hired workers to perform specific tasks.

Mobile Workforce

Due to the internet, a lot of work can now be performed remotely - many times even from the other end of the globe. Companies can now hire the best talent out of a global pool of candidates. This can also prove to be cost effective for companies and gives them a lot of flexibility in the people they employ.

Career Growth

Many professionals do not believe in ‘job security’ and they tend to diversify their income sources. The gig economy is also driven by choice. People can pursue career paths of their interest and values through self-driven work.

The gig economy offers entrepreneurial opportunities and consists of freelancers, distributed teams and self-employed people. There are distinct kinds of side jobs in a gig economy.

Freelancing

Freelancing usually requires a specific specialized skill to do the job. For example, artists, editors, designers, online workers very often work as freelancers. There are many online platforms that bring together freelancers within a specific domain and connect them with businesses looking for resources.

Sharing Economy

A shared economy refers to the offering of something that you own to others. The most common and popular examples are Uber which allows you to share your vehicle to drive customers to their destinations. Another example is Airbnb which allows you to share your home or apartment with travelers. These services do not require any specific skill. Both business models have proved to be very popular and an effective means to earn extra income.

Content Producers

The digital age has created a fantastic opportunity for content writers and bloggers to earn from their creativity and passion for writing. Video content is also very much in vogue these days.

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New Payza Users Can Now Come Up To Speed With The Payza Personal Manual

Payza is an online digital payment platform that works on the concept of e-Wallet. The Payza e-wallet allows users to transact in 21 different currencies. Payza supports both business and personal accounts. Payza requires members to register themselves. Registered members have to go through a verification process after which they can use the platform to send remittances, exchange currencies, pay their bills and also shop online. Payza supports almost all major currencies of the world.

Payza Features

Payza members can use their account for the following purposes:

Add and withdraw funds in a safe and secure manner. Payza uses SSL encryption and other security best practices to ensure that user accounts and user data are kept secure. The Payza fraud prevention team uses a proprietary fraud prevention matrix to keep hackers and other cyber criminals at bay. The fraud prevention matrix is regularly updated to ensure the latest security threats are taken into account.

With Payza, you can also send money across the globe for free using your credit or debit card. You can send funds to more than 190 different countries across the globe.

Payza has a resolution center whose sole purpose is to resolve any disputes or issues that its members might be facing. The resolution center strives to resolve issues as soon as possible.

Depending on the country you are in, Payza supports various local payment options.

Payza does not charge any activation costs or annual fees from its members. You can send money online for free. You have to pay a nominal transaction charge when you receive funds.

You can add funds to your e-wallet using various options such as bank wire, credit card and even bitcoins.

Similarly you can withdraw funds from your e-wallet using bank wire, credit cards and bitcoins and also bank transfers.

Payza Personal Account

Individual users are required to open a Payza personal account. This is a free account and you have to fill in the signup form to register yourself. Payza encourages its users to create a strong password for their account so as to avoid hackers from gaining unauthorized access to their accounts. It is recommended to use a password that is different from the passwords you use for your other accounts. These are standard security best practices. Once you have created your account, you can then connect a credit or debit card to your account. You will then be able to use this connected card to directly transfer money to and from your e-wallet. The Payza personal manual has detailed step by step instructions for personal account users on how to use their accounts.

Payza members are required to go through a verification process so as to comply with all local and international regulations while using the digital payment platform. This process can vary from country to country depending on the rules and regulations. The basic check is an identity check.

Payza members can transfer money to a member simply by referring to the email address connected with the recipient's account. This makes it a very simple and straight forward process to send money. You can also request funds from Payza members. When you want to withdraw funds from your e-wallet, you can do so by various means including transferring funds directly to your bank account. The Payza personal manual has details of the various options available to withdraw funds from your Payza accounts. You can also make credit card payments from your e-wallets.

Payza also has a customer support team that is available to help with any issues that personal account users might be facing. There is also a FAQ section on its website as well as an official blog that provides information on all the latest features in Payza and how users can benefit from them.

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Use the Payza Merchant Setup Guide to Quickly Setup Payments for Your Business

Are you an entrepreneur running an online business and wondering what is the best way to set up receipt of payments from across the globe?

Payza is a cost-effective online payment processing platform that is designed to simplify the payment process and help merchants focus on providing better services to their customers. If you are a registered online merchant with Payza, you can accept instant payments from your customers. Your global customers can pay using various options such as e-wallet, credit card or local payment solutions available in their country.

You can use the Payza Merchant setup guide to get your online business payments up and running within no time. There are several benefits of using a Payza account for your online business.

Increased Flexibility

Payza offers services in 190 countries worldwide. It's truly global payment platform allows you to accept payments in 21 different currencies. This is a key benefit for businesses that plan to expand across the globe.

Reach Out to More Customers

As a registered business, you get access to all of Payza’s users - their number currently stands at 9 million worldwide, a staggering number indeed. Imagine the potential this creates to expand your customer base!

Stronger Support

All Payza merchants get email and phone support to resolve any issues that they or their customers might be facing. Account managers are assigned to help ensure speedy resolution of your issues.

Checkout Process Tailored to Your Needs

You can personalize your checkout platform with the use of various APIs and with support from the Payza developer community. It is easy to integrate your applications with the Payza processor and there is also an option to get notifications about all incoming transactions.

Easy to Use

Payza is not only easy to setup (refer Payza Merchant setup guide), it is also easy to use.

Owners and admins of Payza business accounts can also create their own terms of service for their customers. This can contain important information such as details of the returns policy. You can find more details on this and other interesting Payza features in the Payza merchant setup guide.

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Payza API Guide Makes Integration And Customization Easier For Developers

Payza is a leading online payment processing platform. Its services are available across the globe - Payza supports 25 different currencies and has over 13 million registered users.  Payza has a highly secure platform based on a strong fraud prevention policy. Its portfolio of services is designed to make it easy for businesses and individuals to easily manage their fund transfer needs.

With Payza, online transfer is quick and reliable and in accordance with the applicable regulatory standards. Business users can leverage several other value added services provided by Payza including in-page checkout, global mass payouts, currency exchange, fraud screening, dispute resolution and customer support. Merchants can leverage the Payza API to integrate Payza with their systems and develop a complete payment processing solution. APIs are Application program interfaces that can be used to access a particular platform or technology. Thus, they act like an adhesive that holds different systems together while optimizing the online business platform.

Payza API Guide

If you are a merchant and want to learn more about how you can use the Payza API to make the most of the processor's services, then the best place to start is the Payza API Guide. The guide provides simple and easy to understand instructions on how to use the Payza API for both basic and advanced integration. Here are some of the details that you will find in the guide that will help you to understand how APIs can improve your business:

Customization - One of the most common requirements that comes up when businesses look to integrate a tool or a platform into their portfolio is the need for customization. No matter how standardized a platform may be, there will always be some specific processes by which a business conducts itself online and there is always some customization that comes into the picture. Using the Payza API Guide you can learn how to customize the checkout process. In this way, you can fine tune the process based on what you think works best for your business and customers. Giving customers a unique and superlative experience is one of the key drivers for customization.

Extend existing features - While customization refers to changing of the existing default behavior offered by a platform, extension refers to adding of more features to an existing platform's feature set. You can use the Payza API Guide to not only develop new features but also to extend existing features of the platform. Common uses of this are extending the customer's smartphone integration with the platform to send out specific alerts, notifications and even promotional materials. Another good example is building of a transaction history or traceability as per your audit requirements. This can greatly help when a payment does not go through or there is any kind of issue with the transfer of funds.

Social media integration - Today no online business or website can afford to not have social media integration with their services. The Payza API Guide can help you to define a strategy to plug in social media as per your requirements.

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Brexit Impact On EU Cross-Border E-Commerce

UK plays a very important role in Europe’s global digital economy. It is the largest e-commerce market in Europe today. According to one statistics, more than 80% of internet users in UK regularly make e-commerce business purchases. This figure is more than for any other country in the European Union. Not only is e-commerce growing very rapidly in the UK, it is also one of the most mature markets in the EU today with its businesses and customers engaging in extensive cross border e-commerce. UK is also the favorite destination for cross border E-commerce.

Brexit Withdrawal Process

In 2016, a majority of people in the UK voted to leave the European Union in a referendum held by the British government. Brexit is expected to have a wide impact on the UK e-commerce market and the EU economy as well. Let us look at some facts about UK e-commerce and it will be clear why this is so.

UK is the largest e-commerce market in Europe.

It is the third largest e-commerce market in the world.

The country is rated amongst the biggest e-commerce exporters in the world

A majority of foreign customers choose UK for cross border online shopping

British online shoppers spend well above the average per year

Credit cards, debit cards and e-wallets are the most important payment methods used in UK. Prior to Brexit, deposits in UK have been high. It has been observed that the most popular e-commerce categories in UK are fashion, sports goods, home-ware, alcoholics and beverages.

Image Source: BBC

Impact Of Brexit On eCommerce Market

Today everybody awaits to see the effects of Brexit on the UK and the EU eCommerce business. Europe is not only a major destination for eCommerce, it is also a more matured and developed market. Market maturity leads to strong infrastructure, high consumer adoption of eCommerce and well defined rules and regulations. Selling in Europe is simple. European based eCommerce businesses can sell throughout the region and merchants outside the region. Though there are laws and regulations that cross-border merchants need to be aware of but generally it has been a straightforward process.

Now online businesses in Europe will have to familiarize with UK specific systems. Merchants who come from across the border have to pay a VAT on products. There are strong laws among EU regulators to ban geo-blocking wherein retailers can decline online transactions made with a foreign card. Merchants who have well developed products and a clear differentiation factor will not have trouble adjusting to changing markets.

Membership in the EU has been one of the driving factors for the development of international trade amongst member countries. As the Brexit withdrawal process begins, UK is most likely to emerge stronger in the e-commerce world.

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Stay Safe With Open SSL Encrypted Data

OpenSSL is an open source library that contains an implementation of the SSL and TLS protocol. SSL(Secured Sockets Layer) provides a secure channel for communication between the client and the server through encryption. There are several versions of SSL and the latest is called TLS (Transport Layer Security). It is a protocol currently supported by all browsers and provides authentication and data encryption between the client and the server.

Data such as phone numbers, social security numbers, bank account details and credit cards are all used online. The transfer of such data can be easily intercepted. This data can be read, stolen or even rewritten (that is modified) thus making it easy to inject malicious code into the client's system.

Open SSL Encryption If anybody eavesdrops over an HTTP connection that uses SSL, they will not be able to decipher the data being transferred. SSL not only keeps the data safe but also protects the user's identity. Almost all websites collect private information of the user as a part of the website workflow. This data is being submitted by users in good faith and it is important to ensure that it does not get exposed to anyone. OpenSSL encrypted data is safe from hackers.

Implementing SSL

Implementing SSL on your website creates a trusted environment for your customers and also reduces the risk of data breaches. You can set up SSL as follows:

Purchase an SSL certificate from an authorized vendor.

The next step is to install or add this certificate to your web server.

Once the certificate is installed the pages that require encryption have to be set to use 'HTTPS' rather than the 'HTTP' protocol.

When a customer transacts on a page that uses 'HTTPS' the server sends a copy of the SSL certificate to the browser for verification. A symmetric key pair is generated which is used to establish a secure channel between the browser and the server.

SSL should be implemented correctly or it can affect your site's availability and performance. It is also important to verify the authenticity of the SSL certificate vendor to prevent certificate errors. If the browser is unable to authenticate the server's certificate then it will block the user from accessing the website. Unsecured elements on the pages served over HTTPS can be a bottleneck. Such pages may not load at all or have broken links and images. You should ensure that SSL in integrated properly so that the digital experience is not affected.

SSL should be implemented correctly or it can affect your site’s availability and performance. It is also important to verify the authenticity of the SSL certificate vendor to prevent certificate errors. If the browser is unable to authenticate the server’s certificate then it will block the user from accessing the website. Unsecured elements on the pages served over HTTPS can be a bottleneck. Such pages may not load at all or have broken links and images. You should ensure that SSL in integrated properly so that the digital experience is not affected.

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Payza Account Users Can Now Make Mobile Payments

As the use of smartphones and tablets increases there has been a huge spurt in mobile commerce. More users access the internet via mobiles today as compared to the last couple of years. In fact, the traffic coming in via mobiles now exceeds the traffic coming in via desktop browsers. Also the number of users buying online using mobile phones has gone up - one in four online orders are placed using a mobile device.

 App For Making Digital Payments

This growing demand for mobile based transactions has led to m-commerce innovations in making digital payments. Leading payment processing platforms such as Payza have now added mobile apps to their portfolios. Payza is an online platform that facilitates quick and easy transfer of money for Payza account users across the globe. It supports 21 different currencies and has more than 9 million registered users at this time.

 Payza Connect

The mobile app, Payza Connect is designed for android phones and has new streamlined features. You can download the app for free. An iOS version of the app is also expected to be released soon. The app can be used to send money, withdraw funds or review your account transaction history. All you have to do is a simple tap and a swipe and your money transfer is initiated.

 The app also supports QR codes which is an easy and quick way to transfer money. It allows you to make QR codes for your Payza account and specific payments from your phone. With a simple scan of the encrypted code Payza members can connect with your account. They can send money without having to input the account information such as email address and so on. You can also configure the app to make recurring payments. The app has another new feature that allows you to instantly send money to anyone in your address book. Only the recipient's phone number is enough to carry out the transaction.

 Android users can use the Payza app everywhere they go. All Payza features that users see on the website are available in a convenient mobile package.

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A Guide to Making Money Transfer and Bank Wire Withdrawals

The electronic process of transferring money nationally and internationally is referred to as bank wire transfer. This transfer procedure is said to be one of the fastest methods of transferring money. The senders and the receivers have to provide valid data, identity, and information for successful and safe money transfer. People may think that the fees required by the banks are not worthy for transferring money. But in reality, wiring the money is the rescue option in emergency cases.

Authentication Factors

The whole banking industry strengthens the customers with secured access via two methods. The authentication check verifies the transfer procedure and the identity of the individuals or small groups. The two-factor authentication is the preliminary for a money wire. The factors include authentication of some piece of information that the customers know along with something that they already own.

For example, if a customer is transferring money online, he or she needs a Smartphone app or a website along with knowing the username and password succeed in performing the transaction.

Types Of Bank Wire Transfer

Bank wire withdrawals and transfers are not much of a complex procedure when the customers gather a detailed knowledge of the types and the procedures. There is majorly two broad kind domestic and international money wiring process that one should know about.

Both the domestic and international wire transfers can be done through inter-bank or intra-bank systems.

Inter-Bank Transfers

The inter-bank money transfer services are for transferring money from one bank to the other. There is no restriction for domestic banks from or to which money can be transferred. International money wiring includes transfer from a bank to another bank abroad.

Intra-Bank Transfer

The intra-bank transfer is for sending and receiving money within different branches across the country and worldwide.

The bank may charge processing fees for transferring money through this process.

Procedure

Answering to the worried questions of the customers of how to wire money, it is simple and two method procedure. Either you can directly visit the bank or transfer money, or you can process the cash through an office wire transfer.

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Is It Time To Look At Cyber Security Insurance?

As the year 2016 draws to a close, it is time to reflect on what news made headlines this year in the Tech world. Several data breaches and cyber attacks have been on the forefront causing the focus to shift on cyber security. While Mirai bots were used to bring down the Dyn servers with DDoS attacks, Yahoo admitted that several of its user accounts have been breached. These attacks are likely to continue even in the coming year as security experts struggle to find ways to keep breaches and attacks at bay. Cyber insurance policies may be a good way for companies to prepare for such attacks.

Cyber Security Insurance

Traditional insurance policies and measures are not equipped to offer coverage in the event of such attacks. Relying on these policies is risky and uncertain. In fact, many insurance companies are looking to exclude cyber liabilities from traditional policies. This has created the need for specialized cyber security insurance policies. Selecting the right cyber insurance policy is not going to be a straight-forward process as there is a lack of standardization in the industry as far as cyber insurance is concerned.You will find countless variations in coverage offerings. Even if there is an option to negotiate the coverage policy, it will be difficult to find coverage suitable for specific business needs. There is a risk that you might end up obtaining a policy with gaps in coverage and thus unlikely to be of much help.

Understand Your Needs

A company needs to develop an understanding of the cyber risk specific to its business before acquiring a cyber insurance policy. It should also thoroughly evaluate the extent to which its cyber insurance policy will cover those risks. There are two types of cyber insurance coverage:

1. First Party Coverage

First party coverage covers direct cost associated with responding to cyber attacks like loss of personal information, theft, destruction, loss of data due to fraud or crime and the introduction of malware or viruses. It includes costs for determining the cause of cyber attacks, legal advice, losses of profit due to network downtime, notifying affected parties, providing credit monitoring to affected parties, educating affected parties, hardware replacement, and data restoration.

2. Third Party Liabilities Coverage

This covers costs associated with claims, lawsuits and various inquiries due to cyber attacks. It includes the cost of privacy liability for defense costs, judgments or settlements associated with claims due to a data breach or cyber attacks including claims for violations, breach of contract or negligence.

The cyber insurance market also has policies which are a combination of the above. Companies should consider provisions, disclaimers, and exclusions in each of the cyber insurance policies before signing up.

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Launch a Cool Online Store Using Jquery Plugins and Payza

In recent times we have seen a huge spurt in online spending. More and more people are now choosing to shop online. Worldwide online retail spending is expected to be as high as 12 to 15% of the total retail spending by the year 2019. Hence more and more businesses are now looking to add e-commerce to their portfolio.

Crossing Over to E-commerce

If you have decided to expand your business online by starting your own e-commerce website and your business is reliable and stable then you are definitely thinking in the right direction. Expanding your business online not only allows you to increase your customer base but also sell round the clock. Besides, the overhead of an online store is much less than that of a physical store. But the process of setting up e-commerce operations can be confusing and you have a lot of decisions to make as you need to take into consideration various aspects such as packaging and delivery of products, cross-border taxes, IT infrastructure and applications, online payments and most importantly 24x7 customer support.

Quick Start Guide

To start your online store consider the following points:

Ensure your site is hosted on a platform that is secure, easy to maintain and extend as needed. Setup site monitoring using tools such as Google Analytics. This will help you in determining customer response and interests. Also, make sure you undertake enough white hat SEO activities to bring your site up in search engine listings. Your site should be tested for performance and ease of use. If it is not easy and intuitive for users to find and purchase products then your e-commerce venture will fizzle out soon.

Make sure the product information including images are accurate and well presented You can use Jquery plugins to provide 360-degree views of your products. It is a good idea to allow customers to post their reviews and comments about your products. Keep an eye on the competition. This is always a good idea. Check what features and options your competitors are providing and upgrade your site as necessary.

Focus on website security - the last thing you want is hackers gaining access to your website and stealing data or defacing your site. You will need to plug in a payment processor such as Payza which is an online payment platform through which users can send and receive money. Payza also offers merchants features such as easy integration of online payment functionality with their website.

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Use The Payza Merchant Setup Guide To Quickly Set Up Payments For Your Business

Are you an entrepreneur running an online business and wondering what is the best way to set up receipt of payments from across the globe?

Payza is a cost-effective online payment processing platform that is designed to simplify the payment process and help merchants focus on providing better services to their customers. If you are a registered online merchant with Payza, you can accept instant payments from your customers. Your global customers can pay using various options such as e-wallet, credit card or local payment solutions available in their country.

You can use the Payza Merchant setup guide to get your online business payments up and running within no time. There are several benefits of using a Payza account for your online business.

Increased Flexibility

Payza offers services in 190 countries worldwide. It's truly global payment platform allows you to accept payments in 21 different currencies. This is a key benefit for businesses that plan to expand across the globe.

Reach Out to More Customers

As a registered business, you get access to all of Payza’s users - their number currently stands at 9 million worldwide, a staggering number indeed. Imagine the potential this creates to expand your customer base!

Stronger Support

All Payza merchants get email and phone support to resolve any issues that they or their customers might be facing. Account managers are assigned to help ensure speedy resolution of your issues.

Checkout Process Tailored to Your Needs

You can personalize your checkout platform with the use of various APIs and with support from the Payza developer community. It is easy to integrate your applications with the Payza processor and there is also an option to get notifications about all incoming transactions.

Easy to Use

Payza is not only easy to setup (refer Payza Merchant setup guide), it is also easy to use.

Owners and admins of Payza business accounts can also create their own terms of service for their customers. This can contain important information such as details of the returns policy. You can find more details on this and other interesting Payza features in the Payza merchant setup guide.