Recent Breaches in Online Security Raise Profits for e-Money Networks

Recent Breaches in Online Security Raise Profits for e-Money Networks

Most notably, Ukash has increased its business by 85%. I guess there’s a silver lining in everything?

The recent threats and problems with online security (the Playstation Network hack being probably the largest and most worrisome) have lead players who are rather attached to their credit cards to seek new, more secure methods of online payments.

Unlike Paypal, sites like Ukash don’t link to your credit card, bank account, or ask for personal financial details. Rather, you purchase a voucher at a store (yes, you actually have to leave the house), activate it online, and use your credit to make your payments, all without putting your credit card information where anyone could find it.

Ukash cards are available in more than 50 countries worldwide, as well as accepted at 46 publishers, including Electronic Arts and Gala-Net. There is also no age limit, so there’s no need to let your parents know you’re wasting more money on video games (which happens to be a problem of mine).