August 2006
Monthly Archive
SMS improves banking security
This appeared in the News Ltd online IT news
SMS is providing security for online payments and guarding against identity theft. According to a report in the Australian newspaper this week, the humble short message service is being used by a bank to provide security for online payments.
The article says the National Australia Bank has started offering SMS-based authentication for online payments. NAB technology general manager Craig Bright says the upside of SMS is “simplicity and accessibility for everyoneâ€.
When an individual wants to make a payment, the bank sends a transaction key to a designated phone. Only after they have entered the key on the website will the transaction go through. The mobile phone SIM card becomes the second security factor. Although it is not totally bulletproof, using SMS to prove a user is who he or she claims to be is much safer than relying on internet banking passwords.
Mobile phone most important technology
MattE 11 Aug 2006 | : Media, SMS
An article on CNET says the mobile phone is the most important piece of technology produced in the last 25 years, according to a well-known IBM software developer. The article quotes Sam Ruby, who is currently a senior technical staff member at IBM’s emerging technologies group, said mobile phones outstrip even the PC in terms of effect on the world.Ruby said the mobile would become even more important as gadgets for navigation, search and entertainment.
Technorati tags | mobile phones | useful gadgets
How to operate an online auction site - that will always make you money
Online auctions almost emerged as a way to make money online… Many imagined the success of eBay could be emulated on their own internet auction sites, but the reality is the internet is littered with auction sites that never attract a bid, and are full of items for sale generally listed by the operator of the auction site.
A new auction money making style has emerged
Recently a new auction process has emerged where the auction process is twisted in a way that the public who are bidding are the losers. The big winner is the operator of the site and the person who wins the auction can also be a winner, as long as they don’t make too many bids.
