Tuesday, 31 March 2015

Important Things to Know for Secured Online Payments



Online fund transfer is perhaps the best and most useful feature made available to people by the Internet.  In the absence of this feature, it used to take several days to transfer money from one bank account to another.  For making a payment, one had to issue a paper cheque, deposit it with the bank and then wait for few days for the funds to reach the payee account.  With the availability of online transfer facilities, all these steps have been reduced to just a few clicks of the mouse and, in most cases, the transfer takes place almost instantly or on the same day. This facility, however, doesn’t come without its share of concerns for fraud, which is usual with any financial activity. It is important to ensure that security measures are in place to prevent any fraud.

Security Measures for Online Transfer of Funds

There are several security measures that banks usually put in place to safeguard online transactions against fraudulent activities. As a consumer of the service, you must be aware of these security measures. Two key security measures are:
1.      Authentication: The process of authentication is the first step in ensuring that only an authorized person is allowed access to the bank to bank online transfer facility.  Authentication is performed using a combination of the customer’s unique identifier, usually a username, bank account number or a customer ID, and a password. To make the authentication process more robust, some banks have also started using two-step or two-factor authentication. This involves using another access code that is issued in real-time to the customer through an SMS or email on their registered phone number or email address. Only when a person is able to pass the authentication, is he given access to the account for making transactions online. It is important to ensure that the password used for accessing the online bank account is made complex, kept private and changed often to prevent theft and misuse.

2.      Encryption: Encryption is the process of encoding information so that only authorized recipients, with a proper decryption key, can read it. Without a decryption key, decoding any encrypted information requires huge computing resources and a lot of time. That is why encryption acts as a deterrent against information theft. Whenever an online transfer is made, information about the transfer travels over the Internet from the user’s computer to the bank’s servers. This information can be stolen while it is in transit. Encrypting the transaction information makes sure that even if it is stolen, the information cannot be misused.
Awareness about security measures and possible fraud scenarios also plays an important role.  Banks must ensure that customers are aware of all security features available to them. They must communicate any possibility of fraud, suspicious activity on the individual’s account or any fraudulent activity prevailing in general.

Tuesday, 24 March 2015

What You Should Know about the Different Types of Pimples

Unfortunately for some of us, pimples aren’t just the scourge of adolescence, they seem to follow us for most of our lives! So what are these painful ugly fiers all about? Simply put, it is an inflammation of a skin pore due to dead skin cells, bacteria or oil getting trapped and blocking the pore. When this occurs, it leads to infection, which the body attempts to fight by sending its white knights or white blood cells. This is what creates the inflammation. And when this inflammation is close to a nerve, be ready for some pain as well. There is more to this story – there is a variety of types of such inflammation, which you should know about before you learn how to get rid of pimples.

Most Common Types of Pimples

For some of us, seeking how to get rid of pimples is a lifelong search! What we might not know is that if we can identify the type of problem we are facing, we would be able to find more effective cures. So, here’s a look at the different types of pimples:

1.      Whiteheads & Blackheads: When dead skin cells, oil or bacteria block a skin pore, it might lead to the formation of a tiny bump. If the pore is blocked but still open, the bump gets a black peak, giving it the name blackhead. However, if the pore is completely closed due to the blockage, the bump’s head turns white, hence whiteheads. These are comparatively easier to deal with because they still haven’t led to inflammation.
2.      Pustules & Papules: These feel as revolting as they sound! They occur when the blocked pores get irritated and their wall ruptures. They get inflamed and therefore swell up, turn red and begin to hurt. Papules tend to be small and hard to the touch. You could even get several papules next to each other. The best thing is not to irritate them further by trying to pop them because then they could turn into pustules, which are essentially papules that fill up with pus. This is what gives them that classic yellowish center. If you are wondering how to get rid of these pimples, the best thing would be to contact a skin care specialist.
3.      Nodules & Cysts: The more a block pore is irritated, the bigger it gets and the deeper into the skin it grows, forming nodules or cysts. While nodules tend to be hard to the touch, cysts are soft and full of pus. These are ideal candidates for a specialist because home remedies will really not work too effectively for them. These are severe cases of acne and could lead to scarring if not taken care of properly.

The best way to deal with any type of pimples actually is to seek professional help. You will not only learn how to get rid of pimples, you will also learn the best way to prevent them and get that beautiful glowing skin you’ve always wanted.

Monday, 23 March 2015

How to Pay Less for your Investments



According to TrasingEconomics.com, the Indonesian Stock Market (JCI) saw an increase in index points in February 2015. The mark of 5289.40 index points, recorded in January 2015, rose to 5400.10 index points in February 2015. Looking at the overall performance of the stock market, the average performance index stood at 1235.50 during 1983-2015. The index points in February 2015 are said to be the highest recorded performance of the market so far.
The above data just intensifies the fact that investment in shares (Investasi saham) is a very lucrative investment option available today. Many of us choose managed funds, since it is simpler. However, have you ever wondered if you are paying more for your investments than you ideally should?
After all, if other ancillary expenses are eating into your gains, the whole point of investing becomes null and void. So how do you know whether you are overpaying for the investments you make? Here are a few ways by which you can identify these areas.

Three Areas where you can Reduce your Costs

1.      Loaded Funds: There are thousands of investment fund options to choose from in the market. Take mutual funds, for instance. Since only a marginal percentage is offered to brokers, general investors have access to most of these funds. So when there are so many choices at your disposal, why choose front-end or back-end load funds? Look for no load funds to minimize the extra fees that you will otherwise have to pay.

2.      Taxes: When investments are not planned from a taxation outlook, these tend to attract hefty taxes. Investments under a year are categorized as short term capital gains. These attract more taxes than long term ones. You can reduce your taxes by holding your investments for a period that amounts to more than one year (long-term). Also, the services of a financial consultant and planner can help you manage your taxes better.

3.      Expense Ratio: For managed investment funds, it obviously means that a company is managing your investment bundle. The expense ratio will reveal the amount that is deducted as fund management fees. Look for low ratios, unless the product is worth the extra cost. Although all managed investment funds (investasi reksadana) cost a little extra, it is important to understand that some are more expensive than necessary. This is why it is essential to pick a reputed and transparent fund company. A little research can go a long way here.