Wednesday, December 2, 2020

Building A Safer Digital Marketplace For Filipinos

Building A Safer Digital Marketplace For Filipinos

Spotlight

GSIS To Release Php3.3B In Christmas Cash Gift To Pensioners Starting Dec 1

Good news! GSIS announced that it will start to release a total of Php3.3 billion in Christmas cash gift to a total of 330,496 old-age and disability pensioners starting December 1.

Igniting The Future Of Filipino Youth Through Education

EDC continues to uphold its mission to elevate the lives of its partner communities through various education initiatives.

Violence Against Children At Home During Pandemic – Save The Children Research Reveals

A recent report by Save the Children revealed that "the more household income that has been lost owing to COVID-19, the higher the reporting of violence in the home by both children and parents/ caregivers."

DOTr Sec. Tugade Urges Drivers Of PUV To Participate In Gov’t’s Service Contract Program

Sa ilalim ng Service Contracting Program ng LTFRB, maaaring makatanggap ng karagdagang kita ang mga drayber na lubos na naapektuhan ang pangkabuhayan dahil sa COVID-19 pandemic.

Despite the number of mobile wallet users increasing over the years, a large portion of Filipino consumers still remain skeptical of the technology, fearing identity theft or even credit card fraud.

According to The Nilson Report, a US-based research agency for news and analysis of the global card and mobile payment industry, global card fraud losses continue to be on the rise. From 2016 to 2025, projected fraud losses will nearly double, climbing from $22.8 billion to nearly $50 billion.

This is because more online hackers and cyber thieves are finding different ways to steal information or fool people into giving up their data through social engineering. One example is through fake e-mails or calls from supposed representatives of banks or credit card companies. These fraudsters ask for personal information in the pretense of confirming someone’s identity. Some even call their victims using a fake number to avoid being traced.

These tactics that identity thieves use on customers of traditional banks and credit cards are the same being employed on individuals using digital financial apps. The lack of assurance that consumers and users feel regarding online safety and protection may be a deterrent to fully utilizing the power of mobile applications out of fear of being swindled.

GCash, the country’s leading mobile wallet, is cognizant of such threats and has come up with a program to provide increased peace of mind for users on their platform. The initiative, called Customer Protect, is a first in the industry to protect and even compensate users in case of unauthorized financial transactions on their GCash app, GCash on Messenger or GCash Mastercard platforms.

These transactions may arise from untoward incidents of stolen mobile phones or identity theft. Customer Protect is a feature that enhances GCash’s advanced risk capabilities that are already in place, which actively analyze and monitor transactions to detect and prevent fraudulent activities.
Fully verified GCash users can receive compensation for the actual amount of unauthorized transactions not exceeding P100,000. Semi-verified users can receive compensation up to P10,000 while basic users can receive up to P2,000.

With the introduction of this innovative program, GCash users can feel even more secure as they continue their usual daily transactions on the app, such as buying load, sending money and many others. Customer Protect frees GCash users from worry and gives them the confidence to embrace a fully digital lifestyle of convenience and immediacy.

Latest News

The Heist Comes To Korea

CONFIRMED: Spanish crime drama ‘Money Heist’ will have a Korean adaptation!

GSIS To Release Php3.3B In Christmas Cash Gift To Pensioners Starting Dec 1

Good news! GSIS announced that it will start to release a total of Php3.3 billion in Christmas cash gift to a total of 330,496 old-age and disability pensioners starting December 1.

Igniting The Future Of Filipino Youth Through Education

EDC continues to uphold its mission to elevate the lives of its partner communities through various education initiatives.

Metro Manila, 6 Other Areas To Remain Under GCQ Until Yearend

Metro Manila along with six other areas will remain under general community quarantine (GCQ) until the end of the year.

P35.7-M Anti-Landslide Project In Biliran Town Completed

The construction of the PHP35.7-million slope protection project in Caibiran, Biliran has been completed.

Año Opposes Holding Of Face-To-Face Classes

According to Interior Secretary Eduardo Año, enforcement of minimum health standards will be extremely difficult to control in schools even with limited face-to-face classes.

PNP To Beef Up Disaster Response Capability

A ranking police official of the PNP said they will be giving more focus on their humanitarian assistance disaster relief trainings and equipment.

Markets Buoyed By Promising Vaccines, But High Hurdles Remain

According to some mathematical models, if wealthy countries buy up all of the first available vaccines, the pandemic will actually kill more people than if these vaccines were distributed evenly across the world.

4-Day Work Week In PH Courts Starts Dec. 1: SC

Under the guidelines, all courts would observe a 10-hour workday from 7:30 a.m. to 5:30 p.m.

PH Covid-19 Recovery Tally Nears 400K

The DOH on Monday reported 44 new recoveries which pushed the overall tally of recovered cases from COVID-19 nationwide to 398,658.