WEBCASH, a membership-free prepaid virtual payment system, was recently launched by WebOnline Dot Com Sdn Bhd. It allows subscribers to conduct online transactions offered by any participating e-commerce Web portal.
Webcash is an easy-to-use service and employs a prepaid method with the ability to top up via the Internet, card, voice call, and short message service/multimedia messaging service.
WebOnline is targeting 10 per cent of the registered 3.5 million local Internet service protocol users. According to WebOnline Dot Com's chairman Datuk Bhuhpat Rai M. Premji, the public can register their Webcash account online for free. Merchants will bear the transaction costs.
Bhupat adds that with Webcash, parents can let their children purchase things online within the credit allocated in their account. They can monitor their children's transaction with the transaction history. Values as low as RM10 can be loaded into a Webcash account, and amounts can also be transferred among account holders.
WebOnline has also incorporated voice over Internet protocol (PC-to-PC and PC-to-phone) capability for Webcash account holders called Space Webcash. They just need to download and install the software into their PC.
Calls to other Webcash members are free while calls to cell phones and landlines are charged at a discounted rate.
WebOnline Dot Com's chief executive officer Manirajah Kulanthavelu says that Webcash services utilises 128 bits Secure Socket Layer and a soft token system which requires a user to enter the password and a randomly generated pictured-text.
In the event a user's account has been hacked into, the user needs to open a complaint ticket online and stop the usage if an error or fraud has been detected. An immediate new account will be issued with the balance remaining intact.
© NST Tech & U Oct 4, 2007 p.04 Update
By Hazimin Sulaiman
