The Microsoft Outage Crisis: Why We Need World Safe ePay Day Now More Than Ever

  

Disclaimer 1:

I am advocating for World Safe ePay Day.

The final goal of all my Blog Posts and social media interactions is to have a Day declared as World Safe ePay Day.

For the latest updates please input Microsoft Outage in any internet search engine.

 

** World Safe ePay Day: Ensuring Trust in the Digital Transaction Era**

 

World Safe ePay Day, while still in its conceptual stage, is envisioned as a day dedicated to promoting the security and safety of electronic payments. As digital transactions become increasingly prevalent, the need for robust cybersecurity measures to protect sensitive financial information is more crucial than ever. This day is not just about technology but also about fostering trust and emotional security in the digital world.

 

### The Emotional Core of World Safe ePay Day

 

At its heart, World Safe ePay Day is an emotional observance. It aims to highlight the personal impact of secure electronic transactions and the peace of mind that comes with knowing one’s financial information is protected. This day encourages individuals to reflect on the importance of cybersecurity in their daily lives and the trust they place in digital payment systems.

 

### Learning from the Crowdstrike Incident

 

The recent global outage caused by a Crowdstrike software bug serves as a poignant reminder of the vulnerabilities in our digital infrastructure. Crowdstrike, a renowned US cybersecurity firm, provides anti-cyberattack services integrated into Microsoft’s Windows operating system. A defect in a Crowdstrike content update led to widespread disruptions, causing millions of Windows-based systems to experience critical issues such as the "bootloop" and the "blue screen of death."

 

This incident underscores the following points:

1. **Interconnected Vulnerabilities:** Our reliance on interconnected systems means that a single point of failure can have widespread consequences, affecting numerous sectors from finance to healthcare.

2. **Continuous Vigilance:** Cybersecurity is not a one-time effort but requires ongoing updates and vigilance to protect against emerging threats.

3. **Collective Responsibility:** Ensuring the security of digital transactions is a collective responsibility involving individuals, businesses, and governments.

 

### Goals of World Safe ePay Day

 

1. **Awareness:** Raise awareness about the importance of cybersecurity in electronic payments. This includes educating the public on best practices for protecting their financial information online.

2. **Advocacy:** Advocate for stronger cybersecurity measures and policies to protect digital transactions. This involves urging businesses and governments to invest in advanced security technologies and protocols.

3. **Trust Building:** Foster trust in digital payment systems by highlighting the efforts made to secure electronic transactions. This includes showcasing success stories and innovations in cybersecurity.

4. **Emotional Connection:** Create an emotional connection by emphasizing the personal and societal impacts of secure electronic transactions. This includes sharing stories of individuals and businesses affected by cyberattacks and how improved security measures have helped them.

 

### Practical Steps for Celebrating World Safe ePay Day

 

1. **Educational Campaigns:** Organize workshops and webinars to educate the public on cybersecurity best practices.

2. **Policy Advocacy:** Work with policymakers to push for stronger cybersecurity regulations and support for technological innovations.

3. **Community Engagement:** Encourage businesses to participate by offering promotions or incentives for secure electronic transactions.

4. **Personal Action:** Urge individuals to review and update their security practices, such as using strong passwords, enabling two-factor authentication, and staying informed about the latest cybersecurity threats.

 

### Conclusion

 

World Safe ePay Day is more than just a conceptual observance; it is a movement to ensure the safety and trustworthiness of our digital economy.

By learning from incidents like the Crowdstrike software bug, we can better understand the importance of continuous vigilance and collective responsibility in cybersecurity.

This day aims to create a safer digital world where individuals and businesses can conduct electronic transactions with confidence and peace of mind.

 Read more @

Cyber-Risk Insurer _

https://www.cyberrisk-insurer.com/news/Microsoft-outage-underlines-insurers-fears-of-accumulation-risk/

 

Insurance Insider - https://www.insuranceinsider.com/article/2dim6ml5kft0x5oezva4g/global-insurers/cyber-market-scrambles-to-assess-exposures-amid-global-Microsoft-outage?zephr_sso_ott=ZIzVuH

 

What is Crowdstrike, the company behind unprecedented global IT outage @

https://www.hindustantimes.com/business/what-is-cloudstrike-the-company-behind-unprecedented-global-it-outage-101721396236295.html

 

 

Disclaimer 2: These are my thoughts only. The only Bliss is promoting the Joy of Safe ePayments. World Safe ePay Day  is a medium to experience the Joy of Safe ePayments.

Copyrights, rest with the original copyright holders only.

 

super.money Kudos to the Real Time Monitoring Team.

         No, this is not a complaint, just an appeal to streamline the cashback experience.

I am just waiting for a better Cashback experience.

super.money team would have noticed the success of the super.money  beta version and also associated feedback on social media.

The initial attraction of super.money app is the up to 5% cash back for merchant transactions.

I was also attracted to the offer and downloaded the super.money App. It looks like I am one of the many folks who attracted by the upto 5% cashback downloaded the super.money App.

So, in the coming days hope for a more better cashback experience. May be the super.money Team is overwhelmed by the response to the super.money App

Did a transaction on Big Basket today and was a bit surprised to see up a message that Cashback is valid only for Merchant Transactions.

So not sure as to where the issue is, issue at Big Basket end or super.money end.

 

As one of my favourite shopping apps is Big Basket, hopefully for the future transactions I will get the cashback due to me.

The only drawback as of now is the UPI Lite Wallet is yet to be activated.

 

To me the super.money App UI is smooth and very user friendly.

Any feedback on super.money cashback?

World Safe ePay Day: Conceptual Stage

 

Looking forward to the potential establishment of World Safe ePay Day, this proposed observance would focus on the significance of secure electronic payments in today's digital economy.

 

As financial transactions increasingly shift from physical to digital platforms, the importance of robust cybersecurity measures becomes paramount.

 

World Safe ePay Day aims to highlight best practices in digital security, promote consumer confidence, and foster global collaboration to safeguard electronic payment systems.

Disclaimer: These are my thoughts only. The beauty of UPI is that  a single bank account can be linked to multiple UPI Apps. Hence, the only happiness is spreading the Joy of Safe ePayments. World Safe ePay Day is one such opportunity. 

Income Tax Refund in 7 Minutes – The Magic of Safe ePayments

         One of the most anticipated moments in the Income Tax Return process is the wait for the refund of the excess tax paid.

         This waiting period is a bit painful.

         So, it was a surprise to receive my income tax refund in flat Seven Minutes.

         Yes,  one more feather in the cap for the Magic of Safe ePayments.

         Received my Income Tax Refund in flat Seven Minutes. Yes, flat seven minutes, the money travelled from Income Tax Refund Account to my Bank Account.

         The magic was possible with the 24*7*365 Days NEFT Platform.

         Difficult to believe, isn’t it.

         Well, see the below timeline for yourself.

 

                  What is your experience with Income Tax Refund, do comment below.

         One of the ways to get a super-fast income tax refund is to pre-validate your bank account. Once the bank account is pre-validated, the same can be nominated to receive the fund.

         This means multiple bank accounts can be pre-validated, but only 1 out of the pre-validated bank account can be nominated to receive the Income Tax refund.

         Well, already spent the income tax refund on yummy sandwiches!!

 

Summary as below -

 

Q: Why do I need to pre-validate my bank account(s)?

Ans: Only a pre-validated bank account can be nominated to receive Income Tax refund.

Q: What are the prerequisites for a successful pre-validation?

Ans: For successful pre-validation, you must have a valid PAN registered with e-Filing, and an active bank account linked with the PAN.

Q: How much time does it take to pre-validate my bank account once I have submitted my details?

Ans: The pre-validation process is automatic. Once your request is submitted, it is sent to your bank. The validation status is updated in your e-Filing account within 10 - 12 working days. 

National Electronic Funds Transfer

NEFT stands for National Electronic Funds Transfer.

It is an electronic fund transfer system maintained by the Government of India and the RBI.

NEFT allows funds to be transferred from one NEFT-enabled bank account to another.

This is a very popular fund transfer system in our country.

 

Or drop in at this link @ https://www.incometax.gov.in/iec/foportal/help/my-bank-account-faq#

 

 

Disclaimer: These are my personal thoughts only. The only focus is in spreading the Joy of Safe ePayments. Nothing More – Nothing Less. 

Kalki 2898 AD - Will it be released in 4DX in India too?

          The release date is 27^th June 2024 in India. As of now, movie tickets are not yet available in public domain.

          The booking is expected to open very soon, on the ‘BookMyShow’ platform

          Cinemagoers in UK (England) will have the opportunity to experience Kalki 2898 AD in 4DX.

          However, as on date there is no clarity in India regarding the 4DX experience.

          Keeping my fingers crossed.

          What is your opinion?

          For more information on 4DX, do read my earlier Blog @

https://prashantnepayments.blogspot.com/2023/12/salaar-saga-4dx-dilemma-fans.html

 

https://prashantnepayments.blogspot.com/2024/01/seven-opportunities-to-showcase-4dx.html

In a 4DX experience, there are full moving seats. The seats really move too, basically the equivalent of what you would find at a theme park.

You may have experienced short run 4DX experience or almost similar in themes parks viz Wonderla, Ramoji Film City etc,

4DX utilizes motion seats, practical effects and sensory elements to immerse viewers in a movie

Typically, the 4DX programmers, who are based in Seoul, have two to three weeks to craft the motion and special effects, although Savant said they can turn around a film in a week if the need arises.

          The major drawback of 4DX is that it is difficult to savour food during the film proceedings. One of the chief attractions for Indian cinemagoers is the Popcorn and Cool Drinks while enjoying the movies in theatre halls.

          This will be missed in 4DX theatres.

          Hence, this may be a major stumbling block for more and more movies in 4DX format in India.   

Read this article  - IMAX, 4DX struggle for content to keep screens running in India @ https://www.livemint.com/industry/media/imax-and-4dx-struggle-for-content-in-india-hindering-expansion-plans-for-the-cinema-formats-say-trade-experts-11681666190990.html

          Simple, if folks in UK can enjoy Kalki 2898 AD in 4DX, we Indians too should have the opportunity.

Kalki 2898 AD is an upcoming Indian epic dystopian science fiction action film written and directed by Nag Ashwin. Produced by C. Aswani Dutt under Vyjayanthi Movies, it was shot primarily in Telugu with some scenes reshot in Hindi.

The film features Prabhas in the lead role with an ensemble cast including Amitabh Bachchan, Kamal Haasan, Deepika Padukone, Disha Patani, and Brahmanandam in prominent roles

 

Disclaimer: These are my personal thoughts only. The bottom line is Safe ePayments. Nothing More – Nothing Less.

 

Kudos to Union Bank of India for the unique Recurring Deposit Scheme

        Union Bank of India recently unveiled the ‘UNION MILLIONAIRE SCHEME’

         The aim of the scheme is very simple – to make the deposit holders via pre-defined Recurring Deposits Instalments ‘Millionaires’.

         Million means 10,00,000/-

         So, the ‘UNION MILLIONAIRE SCHEME’  is designed for individuals who aspire to become Millionaire, by providing maturity amount of Rs.10,00,000/- (nearest amount) with pre-defined instalment of Recurring Deposit.

A passbook will be provided to the depositor.

         Scheme’s Awesome  Feature : The UNION MILLIONAIRE RD scheme is devised to provide a minimum maturity value Rs.10,00,000 and above.  

         The 4 Benefits of ‘UNION MILLIONAIRE SCHEME’

Benefit 01) Opportunity for account holders to choose from 1 year to 10 years plan

Benefit 02) Opportunity for Union Bank of India to source new customers

Benefit 03) Opportunity for Union Bank of India ‘UNION MILLIONAIRE SCHEME’ to benefit from locked interest rate for the whole duration of their chosen period.

Benefit 04) Opportunity for Union Bank of India account holders to benefit from the power of compounding.

 

Why Kudos to Union Bank of India

Kudo 01) Unique campaign to attract deposits, without many changes in their Core Banking Solution.

Kudo 02) Opportunity  for Union Bank of India to acquire long term customers at minimal acquiring cost.

Kudo 03) One of its kind scheme, which may motivate its peers to offer to their customers.

Kudo 04) Minimal effort, maximum benefits!!

 

Read more about  - UNION MILLIONAIRE SCHEME @ https://tinyurl.com/59sp6t7w

Read more about Union Bank of India @ https://www.unionbankofindia.co.in/english/home.aspx

Brief introduction of meaning of Recurring Deposits Account

 

**Definition:** - A bank or post office account where a fixed amount is deposited monthly for a predefined period (1-5 years). - Ideal for individuals aiming to accumulate a lump sum through regular savings.

 

**How it Works:** - Similar to Fixed Deposits, but with monthly deposits instead of a lump sum. - Interest is calculated quarterly on a compounded basis.

 

**Opening an RD Account:** - Visit a financial institution and complete the application. - Submit required documents (e.g., PAN card, proof of residence). - Deposit the first month's payment.

**Key Features:** - Minimum term of 6 months, multiples of 3 months, up to 10 years. - Interest rates comparable to Fixed Deposits. - Additional 0.5% interest for senior citizens – This can change from time to time. - Grace period of up to 5 days for missed deposits (at some institutions).

 

**Early Withdrawal:** - Possible but may result in loss of accrued interest.

**Advantages:** - Fixed monthly investment. - Fixed duration and interest rate.

**Disadvantages:** - Limited withdrawal flexibility. - Fixed monthly contribution amount. - Comparatively lower interest rates than some other investment options.

As a Safe ePayments Motivator, I am excited with the opportunity this present to new banking sector customers.

 

Disclaimer: My close relative is associated with Union Bank of India. The bottom line is Spreading the Joy of Safe ePayments. Nothing More -  Nothing Less.

Copyrights if any, are with the original Copyrights owners only.