The Lighter Side Of The Cloud – Progress
The Lighter Side Of The Cloud – iPhone 6 Fanatics
The Lighter Side Of The Cloud – Company Strategy

Asia Pacific region to benefit from new Cloud-based E-payment system in 2011

Asia Pacific region to benefit from new Cloud-based E-payment system in 2011

Monday, December, 20th, 2010 – Introducing a new approach to electronic payment which will improve transaction times and authentication methods. Akamai’s planned cloud-based e-payment system is the next big thing to hit Asia Pacific in 2011 in the field of online financial services. One of the major concerns for people using such services is the security risk. All these factors have been taken into consideration by Akamai which aims at reducing cost of security compliance for businesses.

Akamai Technologies is a well reputed company that provides distributed platform services for global internet. The company has started off by introducing a new tokenization method (Edge tokenization) by which businessmen and online retailers can convert credit card info into tokens in the Akamai cloud. This will make the info less susceptible to interception. According to marketing resources at Akamai, the e-payment system will run on Akamai servers which are embedded within ISPs and worldwide telecom providers. It was first assumed that the system would be launched on Akamai’s data centre but that is not the case. The company has a vast server setup with 77, 000 servers which are spanned over 90 countries. The main responsibility of these servers is optimization of web content, latency reduction, enhancing online delivery of data and enabling high quality online services. With such extensive setup, it would seem that Akamai has done its homework for the upcoming launch and the system to be introduced is going to be good news for the people of Asia Pacific.

The system is compliant with PCI DSS (Payment Card Industry Data Security Standard) which provides cost efficiency for merchants and traders. Edge tokenization described before will reduce the security costs. As a result, we can expect fewer security breaches and that too, at a nominal price. Edge Tokenization will also deliver infrastructure and performance benefits by routing a customer’s credit card information through the cloud-based infrastructure. By doing this data theft can be reduced and additionally transaction times will be reduced greatly.

Akamai’s launch of this e-payment system is very much in line with the IT development that is the highlight of the APAC region. Telecom providers need proper infrastructure if they are to support and host such cloud computing services. Cloud services will be more inclined towards private cloud models for 2011. The trends in the APAC region are very promising as this area is considered to be a ripe market for future IT investments with IT giants like China, Philippines and India hard at work.

One can only hope that such services continue to serve end-users as well as enterprises, providing an economical and secure alternative for financial transactions.

Follow Us

CloudBuzz

CloudBuzz is an exceptional place to discover trending stories from around the world and be on top of new technologies each and every day. Here, you can find what is trending from some of the largest technology influencers such as Wired, Forbes, MIT, Gartner, IDC and many more. Stories will be a blend of aggregated and curated pieces for quick easy viewing on topics such as Cloud Computing, Wearable Technology, Internet of Things, Virtual Reality and much more...
Follow Us

Sorry, comments are closed for this post.

Recent

Beyond Gaming: Three Practical Applications For Oculus Rift

Beyond Gaming: Three Practical Applications For Oculus Rift

Three Practical Applications For Oculus Rift  Since the announcement of the Oculus Rift in 2012 gamers and game developers alike have been frenzied trying to both get their hands on the unit or build their own proprietary VR machine. The VR gold rush has since lead to the announcement of Project Morpheus from Sony and…

The Lighter Side Of The Cloud – Due Diligence

The Lighter Side Of The Cloud – Due Diligence

By David Fletcher Please support our comics by sharing, licensing or visiting our cloud sponsors (Below). Your support goes a long way in allowing us to continue to produce our lighthearted comics each week.   About Latest Posts Follow UsCloudBuzzCloudBuzz is an exceptional place to discover trending stories from around the world and be on…

Popular

Cloud Infographic – The Internet Of Things In 2020

Cloud Infographic – The Internet Of Things In 2020

The Internet Of Things In 2020 The growing interest in the Internet of Things is amongst us and there is much discussion. Attached is an archived but still relevant infographic by Intel which has produced a memorizing snapshot at how the number of connected devices have exploded since the birth of the Internet and PC.…

PaaS vs Docker – why is it such a heated debate?

PaaS vs Docker – why is it such a heated debate?

PaaS vs Docker Docker started as just a software container on top of a Linux operating system which seemed like a simple optimization for a fat hypervisor. Its disruptive force however comes from the fact that it does force us to rethink many of the layers of the cloud stack. Starting from the way we…

Unusual Clandestine Cloud Data Centre Service Locations

Unusual Clandestine Cloud Data Centre Service Locations

Unusual Clandestine Cloud Data Centre Service Locations Everyone knows what the cloud is, but does everybody know where the cloud is? We try to answer that as we look at some of the most unusual data centre locations in the world. Under the Eyes of a Deity Deep beneath the famous Uspenski Cathedral in the…

The Cloud Above Our Home

The Cloud Above Our Home

Our Home – Moving All Things Into The Cloud The promise of a smart home had excited the imagination of the movie makers long ago. If you have seen any TV shows in the nineties or before, the interpretation presented itself to us as a computerized personal assistant or a robot housekeeper. It was smart,…

Cloud Infographic: Cloud Public, Private & Hybrid Differences

Cloud Infographic: Cloud Public, Private & Hybrid Differences

Cloud Public, Private & Hybrid Differences Many people have heard of cloud computing. There is however a tremendous number of people who still cannot differentiate between Public, Private & Hybrid cloud offerings.  Here is an excellent infographic provided by the group at iWeb which goes into greater detail on this subject. Infographic source: iWeb About…

Sponsored Posts

How To Keep A Cloud (And Your Data) Inside Your Borders

How To Keep A Cloud (And Your Data) Inside Your Borders

The Cloud And Your Data One of the greatest challenges for companies considering a move to the cloud is in its very global and seemingly borderless nature. As an Internet-based technology, it is easy to assume that any data sent from A to B can take any one of a thousand paths, routed through cities…

Cloud Logo Sponsors

hp Logo CityCloud-PoweredByOpenstack-Bluesquare_logo_100x100-01
cisco_logo_100x100 vmware citrix100
Site 24x7


Contributor Spotlight

Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

Branded Content Programs

Advertising