Buy And Sell Ecurrency Online, Iraqi Dinar Daily Updates

Phishing Attack Targets Merchant Accounts

The point of many phishing scams is to gain access to bank or credit account information for financial gain. So, it makes sense to target users or accounts with the highest odds of containing substantial amounts of money. That explains a new phishing attack reported by AppRiver which takes aim at customers of Global Payments.
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Many phishing attacks simply cast as wide a net as possible and hope that at least some of the victims snared by the scam have funds to make it worthwhile. By specifically targeting a merchant services company--a provider that processes credit card payments for retail establishments--the attackers greatly enhance the chances that any compromised accounts will actually have money available--perhaps a lot of money.

Fred Touchette, a senior security analyst with AppRiver, explains in a blog post, "Global Payments is a company that handles merchant services for all sorts of businesses such as restaurants, retail stores, hotels, hospitals, you name it. Basically their service can be used by anyone that needs to process credit card transactions."

The best protection from phishing scams is a combination of common sense and healthy skepticism.Touchette describes how the phishing attack works as well. "These attacks arrive in email form, as is often the case, pretending to be from Global Payments, stating the usual "Your account has been blocked due to unusual activity". As is also usual, the email asks the recipients to click on the link provided and log-in to their accounts to correct the situation. Once victims provide the false sites with their credentials, they then give the attackers full access to their accounts."

As Touchette alludes to in the blog post, the targeting of a merchant services processor is particularly concerning for two reasons. First, for the business that uses Global Payments and falls unwitting victim to this attack, it means that funds could be redirected or stolen.

More importantly, though, a successful compromise from this phishing scam provides the attackers with the information necessary to access the merchant services account, and possibly much more sensitive data. Touchette says, "This attack carries a much larger weight than an attack against an individual as access to merchant processing accounts could lead to the breach of information and transaction details of all of the credit card holders that had done business with the Global Payments account holder. This could also lead to a major dent in the reputation of the company who was phished as the breach was disclosed."

As always--you should have security tools to protect your system, but avoiding phishing scams is part common sense and part cautious skepticism. Could your account be blocked due to suspicious activity? Absolutely. And, I would hope that a company like Global Payments would do just that--as quickly as possible--if, in fact, unusual account activity was detected.

However, in the event that such a thing actually occurs, a company like Global Payments will not ask you to click on a link in an e-mail and share or change your account credentials. Do not open file attachments or click on URLs in e-mail messages unless you are 110% sure you know what awaits you. If you are concerned that the phishing message might be legitimate, pick up the phone and call the customer service department to clarify.

Merchant Accounts


Although small businesses have historically been of little interest to criminals looking for valuable debit and credit card data, a recent Visa® analysis has found that small merchants account for more than 80 percent of data in security breaches. Because this is of obvious concern for businesses, Instamerchant.com, is proud to introduce a new Tokenization security product - a payment security solution that encrypts and tokenizes card holder data to actively prevent fraud and drastically reduce risk for merchants using an intermet merchant account.

Simply put, Tokenization is the process of creating a string of random characters called a token (or alias) that acts as a substitute for real data. The original value is maintained in an index database (the vault) and because there is no direct mathematical relationship between the original value and the resulting token, there is no key that can reverse the process to turn the token back into meaningful data - rendering crooks helpless.

"This Tokenization product is so powerful that it comes with a limited warranty that if the token is stolen by an unauthorized user it won't be able to be used fraudulently against the merchant," says David Standage, the owner of the credit card merchant account company - InstaMerchant.com.

While Tokenization and encryption aren't necessarily brand new technologies, they have recently become two of the leading technologies for the protection of sensitive payment card data. In fact, Tokenization has become such an important means for merchants to protect data post-authorization, that the Payment Card Industry (PCI) and the Security Standards Council are considering whether tokenization should be included in an upcoming version of the PCI Data Security Standards.

Rather than wait for Tokenization to be mandated, Instamerchant.com is proactively offering the technology in their new security solution because they believe the system is loaded with security benefits, will vastly reduce the risk of a data breach, as well as, lessen the scope and cost of their PCI security audits - all reasons to choose Instamerchant.com.

Every retailer, restaurant or Internet merchant that accepts debit and credit cards as a form of payment is at risk of hackers and thieves stealing their merchant data. However, Instamerchant.com, with their newly launched security solution, is proud to provide the peace of mind that these tokens, within their new system, cannot be monetized if exposed or stolen by an unauthorized user - an Instamerchant.com security solution that any small business can benefit from.

Instamerchant.com provides every type of electronic payment which includes credit card processing, check guarantee, debit cards and gift cards for both retail and Internet merchants. They work with all business types and sizes from home based Internet businesses to mom and pop retail stores, to large national chains. Instamerchant.com are experts when it comes to providing merchants with poor credit a bad credit merchant account.

Buy New Iraqi Dinars and Put Them in a Drawer

I have heard stories from investors who bought a wheelbarrow load of a specific penny stock and stuffed them in several desk drawers for safe keeping. A year or two later, the price of those penny stocks had eventually gone down in price to a mere fraction of what they were purchased for. The investor would say “Oh well, I knew it was a long shot.” The stock certificates were pulled out of the desk drawer and then were used as wallpaper on the walls of the basement or garage as a reminder of how long shots do become worthless sometimes.

And a few of these kind of stories did eventually have a wonderful ending. A few years after the stock certificates became wallpaper, the investor one day happened to notice the current price of his wallpaper stocks in the newspaper. And to his surprise, the price had somehow matured to ten times what he paid for them. Sometimes, the best advice for long shot speculation investments is to consider if this speculation is going to be a long shot, then it should at least have astronomical potential for its high risk. Secondly buy a small amount of the speculative investment and stuff it in a drawer a forget about it for awhile. That way you have only invested a small amount of money and if it never amounts to anything, you’ve only lost a small amount of money. No Big Deal.

In the case of the New Iraqi Dinar speculation, you may want to invest a hundred dollars. Right now, you can buy about 100,000 New Iraqi Dinars for $100. Throw them in a drawer and forget about them for awhile. At one time, the Iraqi Dinars were worth over three dollars per dinar. Since then, the country of Iraq has gone through wars and regime changes. Even today, Iraq is still a mess but the war appears to be over and the economy is slowly getting back on its feet. Several large oil companies are lining up to get contracts with Iraq to get in on their tremendous oil reserves which have barely been tapped. This speculation appears to worth a $100 investment or more.

If the the dinar just gains a little value and becomes worth just a penny per dinar, your $100 dollar investment will be worth a thousand dollars. If the dinar becomes worth just ten cents per dinar, your $100 investment will be worth $10,000 dollars. And if the dinar ever gets back to being worth $3 per dinar, your $100 investment will be worth $300,000.00. Imagine a few years from now when the New Iraqi Dinars are worth a lot more then they are worth today. You will have a lot of dinars to trade for a big profit. This dinar trade is ready to go so don’t miss out on it.

There are several places where you can easily purchase your dinars. Just do a search for “New Iraqi Dinars” on either Google or eBay. The Iraqi Dinars is the the currency of Iraq. You don’t want to purchase the old currency which has Saddam Hussein’s picture on the currency. This is a speculative investment with a lot of risk but with potential rewards that may outweigh the risk substantially. This investment is by no means a sure thing, so don’t bet the farm on it, just a $100 should be enough to make a nice return should the Iraqi economy get back on its feet.

Buy Iraqi Dinars


Article Summary: Dinartrade has been considered as one of the most profitable businesses in recent times. The individuals invest in dinars with an aim to get good returns, which ultimately gets fulfilled. To buy Iraqi currency, however, an investor must study the market well and then decide whether or not to invest on them.

Making useful investment is a must, if someone desires to make profit by getting huge returns.Therefore, it is always expected that an investor researches the market well in order to decide whether a particular expenditure would be profit making or loss incurring for him. In addition to making a market analysis, another significant fact is to be updated as far as financial ups and downs are concerned. If you go through the current market status, you will come to know that dinartrade is now enhancing at a greater pace. Thus, if you choose to buy Iraqi currency, it will surely turn out to be a profitable decision.
The value of the Iraqi Dinar is increasing with the passage of every single day. As a result, to buy Iraqi currency, maximum number of investors in recent times has been attracted to the market.Whatever guarantee the market gives on the hundred percent return to your investment, you must not yet depend completely on this earning. Any business has a considerable risk involved and so do the dinartrade. In case, today the value of the dinar rises to certain extent, it is not necessary that the same would be the case the next day too. Thus, in spite of believing this business completely, you should keep on analysing the market properly to know the current status.
The dinartrade has gone through several declining phases and now it has ultimately reached its ultimate position as one of the most efficient currencies to be invested in. Undoubtedly, this business has received immense appreciation, but that does not mean that the investors are completely safe. With the fame, the fraudulent issues pertaining to the process to buy Iraqi currencyhave also been increased to a great extent. The inclination of most of the investors towards this currency business gives the frauds a chance to cheat them. Thus, before making an investment to buy any currency, you must check these important aspects without fail.
The first thing that you should check is the realness of the currency that you are buying for dinartrade. There are certain symbols and indications, knowing about which can surely help you to make sure that the dinar you are buying is genuine in all respect.Next on the list of things to consider while you go to buy Iraqi currency is its authentication. It is applicable in all cases whether dinar or other currencies. Iraq government authenticates the dinars before they are given for sale. Thus, you must check for the authentication of the currency, which serves to be an important aspect of dinartrade.
Earlier, dinartrade was not considered to be an ideal option for foreign investors. This was because of the lack of strict security. However, in the current scenario, it has been found with the increasing value of dinar that the security measures for foreign investment have been enhanced to avoid any fraudulent issues. This, in turn, has made it quite convenient for even the foreign investors to spend on the dinars and buy Iraqi currencysafely without any scam fear.

Buy New Iraqi Dinar


If you’re interested in buying Iraqi dinar there are some issues that must be considered. Immediately after the rule of Saddam Hussein a new money was made and ushered into the open market named the Iraqi Dinar. It is a distinctive and special currency that has nearly perfect safeguards against counterfeiting. It has been somewhat unpredictable against the United States dollar to date, varying between 1k and 1.2k per USD. It is a stronger currency now than it was when it was first issued, you could purchase 4,100 dinars for every 1 US dollar only a couple of years back. So if you’re thinking about buying Iraqi dinar there are some issues that must be considered.

It’s still really important that you realize that the source of the Iraqi currency you recently bought is genuine, and not counterfeit. Although there are tons of sellers that might try to supply you with the worthless antiquated Iraqi Dinar from the Saddam era, be sure that any purchases you make are 100% the new legitimate version.

Also, you want to be aware of the steadfast resistance around the world to the very idea of attempting to buy Iraqi Dinar, and all the statistics and testimonials out there will attest to it being a waste of effort. There are websites all over the Internet that will simply state that you are getting ripped off when you try to buy New Iraqi Dinar.

When you first type the phrase “Iraqi Dinar’ in Google, the terms ‘scam’ and ‘con’ will be visible instantly. Do not believe all that you read on the internet, even though the internet says something is true, it does not always mean that it is. I have seen many sites and forums about the topic and most of them convey the same narrow minded views. That is not to say you shouldn’t be cautious, but whatever somebody claims this is the currency of a country, it is not a scam.

Besides lots of such web sites warning you with this information would also tell you it is only safe buying Dinars from them. Always try to recognize that investments of this sort have never had any guaranteed returns. If you’re willing to take the chance, there are rewards. There are recorded cases of people who earned profits by selling German currency after the second World War. Also the most recent demonstration of this happened during and after operation Desert Storm. Kuwaiti Dinar, the currency of Kuwait helped some US service men and some other savvy investors become wealthy in a very short time period.

Why would you hesitate to take certain risks in an investment such as this? Many will agree that certain investment intuitions have paid off in the past, but they are generally very hesitant regarding it this time. If it could happen before, why can it not happen again?

You really have so much to gain by acquiring Iraqi dinars . Naturally, there are dangers inherent in investing in any country’s legal tender during wartime, but the returns you can get on that investment are far too great to ignore, and you could really make it pay off for you in the end.

Throughout the modern world we are now living in we are very lucky, we are able to flip foreign currency, which can be done with a little work via the internet, without having to actually enter a combat zone. However, it is still vital that you proceed cautiously to reduce your risk, so be sure you have all the important points before you proceed.

We really like showing folks the best way to begin buying Iraqi dinar. Prior to deciding to buy Iraqi money be sure you go to our internet site and read all the risks and facts.

Iraqi Dinar For Sale

BAGHDAD — In drawers and footlockers, servicemembers in Iraq are banking on the future by hoarding millions of Iraq’s year- old currency, the dinar.

Many suspect the dinar’s precipitous drop in the past decade could mean a huge rebound ahead. Each dinar was once worth a few dollars; they’re now worth a fraction of a penny apiece.

If post-war Kuwait is any example, they might be right: A Kuwaiti dinar was valued at a about a dime after the war. Each now brings in $3.40.

Still, that’s a big gamble, financial experts say. And Iraq is no Kuwait — a small, politically stable country with massive oil reserves.

Insurgents, a nascent government and extreme poverty still plague Iraq.

“If only the country turns around,” said one investor, Staff Sgt. Matthew Gadbois, a Vermont National Guardsman with the 1st Battalion, 86th Field Artillery at Camp Victory, Baghdad.

“That’s the gamble,” adds another, Sgt. Richard Couture, from the same unit.

The two, and most soldiers they know, have picked up a few hundred thousand dinars — equivalent to a couple hundred dollars. They know others who have bought considerably more.

If the value jumps just a bit — from 1/16th of a penny to 1/8th of a penny for example, investors double their money. If it jumps to a few cents, they can start paying off mortgages, the goal for Gadbois.

He learned of the scheme from a fellow soldier who, he adds, likes to gamble.

“I was skeptical at first,” Gadbois says. “But it’s like playing the stock market. If it takes off, great.”

Iraq has a few attributes that make it attractive. The most obvious is oil, and the fact that it could blossom into a functional country.

Still the government could overspend and weaken the economy despite its oil. And there’s always inflation to dampen the already low value.

“While that is a nice idea, soldiers probably shouldn’t be currency speculators,” said Michael A. Goldstein, associate professor of finance at Babson College in Massachusetts in an e-mailed statement. “All sorts of things could happen, especially inflation in dinars. This is likely a sucker bet — if the major investment banks aren’t speculating, neither should your average GI.”

He points to the example in Eastern Europe after the Cold War. Gains in currency value were eroded by inflation as the country developed.

“One of the easiest ways to finance government expenditures is just to print more money and spend it. When the government prints more money, it causes inflation,” he says.

It might also be difficult or expensive to off-load the dinars down the road. The few banks that buy foreign currency in the States charge fees for doing so, he says.

Many soldiers recognize the gamble and are prepared to wait years to see what happens.

“It’s not really a big investment,” says Capt. Scott Moreland, currently serving with the 1st Battalion, 185th Armor Regiment of the California National Guard in Camp Scania, Iraq. “Most of us have thrown a few hundred bucks at it to see what happens. Your odds are better than they are in Vegas.”

He adds that Department of Defense savings programs are probably a better bet.

Military investors should note that U.S. customs laws require them to declare if they bring home more than the equivalent of $10,000 in any currency.

And post offices in theater forbid mailing currency home. But there is no Department of Defense regulation to stop them, according to military officials.

The get-rich-quick idea isn’t limited to those serving in Iraq.

On the auction Web site eBay, dinars sell for marginally more than the going rate. A recent sale collected $75 for 100,000 dinars. Under the current exchange rate, that amount should cost about $68.

Scores of vendors online have been set up just to sell dinars. In one case, a million dinars, worth about $685, was on sale for $895.

One of these sites sums up the efforts in its name: BetOnIraq.com.

Its Web site adds a caveat: “We sell genuine currency that, in our opinion, stands a good chance of appreciating in value. We can offer no guarantees of a return on investment.”

Goldstein adds that as a gamble the idea isn’t crazy, but it’s certainly not a wise investment.

“Short answer — don’t do this with more money than you usually bet in one evening’s poker game.”

Buy Iraqi Dinar

What inspires us to save more and more? The most possible answer is it is our unpredictable future that we want to secure by stocking dollars and piling up certificates. Some of us stash them under the pillows or in a secret corner for safe keeping. Savings must swell, otherwise we will gain nil or negligible benefit in future. We should not hatch the hope for an outstanding return without letting our savings grow freely. When you buy Iraqi dinar, instead of keeping them in a safe locker, ensure your financial safety in coming days by optimizing the return on your investment. Also make sure to keep an unblinking watch on the present market scenario and feel the pulse of future prospects to meet your financial goals and avoid being frustrated.
What has made ‘buy Iraqi dinar’ policy a lucrative investment devils? A constellation of multiple factors is responsible to tilt the interest of the potential capitalists as well as ordinary personnel in favor of the Iraqi dinar investment. Both the aged personnel and youngsters may have witnessed to the devastating effects on all hands in this country under one of the most infamous dictators in the world of history. The long-lasting war with its neighbors and clashes between the inter-religious as well as intra-religious groups has also inflicted detrimental effects on the social fabric and economic texture of this country. The recent political instability has added to the woes of the residents. In spite of all these impediments, Iraq is spreading the wings as a strong economy. As a promising future is forecast by the sociologists and economists, so the individuals are almost making a beeline to buy Iraqi dinar.
Do I need advice from a financial pundit before investing into a ‘Buy Iraqi dinar’ scheme? Well, it depends on your ability to analyze the current market scenario and an insight into the future economic condition. Dissection of one’s needs is also a must to structure the frame of financial planning. The majority of us lack in all these qualities and so must wisely approach an experienced advisor. A lot of calculations and speculations are involved in the entire scenario. It may so happen that you buy Iraqi dinar without any prior consultation and within a few months, the real value slides down to such a level that slimmest is the chance to recover the loss throughout your life. Then you have to consider the short and long term investment. In second case, you need to take an astronomical risk but of course; you will be rewarded with huge returns. With bright possibility of gaining sky-high profit, one must not leave even a single stone unturned to minimize the risk quotients. So, do not dither to buy Iraqi dinar if you have got a positive signal from your advisor.

When will iraqi dinar revalue?

No one can say for sure, but if you have been following it as long as I have, since 2004, then you would know every single goal set has been met. The most important was the stabiligy of dinar, and it has been the most stable currency in the world for the past year when all other currencies, including dollar have dropped in value, and even with drop, the dinar has remained stable, a major goal of Iraq and stated many times publically.

With chapter VII agreed once restoration of previous value of dinar is complete, this too is a major issue which had to be resolved first. Given the fact the coins were removed from market over a year ago, and the fact that all citizens now have debit cards, and as of Oct. 1st, no longer are Iraqi's to use U.S. dollars, what else is left?

Well, the only remaining missing link is the passing of the oil law, but due to the sectarian divide in Iraq between Shiites, Shia and Kurds, it has been held up for over a year, so this too is an issue which has to be resolved, and I believe it is close to being passed, so there you have it, all the major obstacles are completed, or near completed, so we are close as I see it.

Here is the most important thing I see happening by end of year. Given Maliki has done little in the way of helping the citizens and with no electricity available or fuel for cars in many areas, the citizens are still loosing faith in current goverrnment, and Maliki is sweating being reelected, so as I see it, just as is done in the U.S., you will see revalue so that Maliki is reelected, just as those in U.S. paid to insure Obama got in office, it is always about money, so Maliki is smart enough to spread the wealth just before elections, and those debit cards will all be loaded with millions in dinar assuring his reelection, and that is how I see it all coming together, so stay tuned, patience is about to be rewarded.

Iraqi Dinar Is it a Good Investment?

Introduced in circulation in 1931, the Iraqi dinar has changed hands from even the earliest days. Backed by British pounds to being pegged to the US dollar, the currency has had its fair share of activity. However, now with the Central Bank of Iraq issuing a new and stable currency, plenty of global speculators are seeing an opportunity. Or is it? Since the 2003 fall of the administration and the deposition of its ruler Saddam Hussein, the Coalition Provisional Authority or the current transitional government has issued new Iraqi dinar. Printed by De La Rue and adding in modern anti-forgery techniques, the updated currency has been revalued from as low as 4000 dinar per U.S. dollar to as high as 980 dinars per dollar. This wild swing is what speculators are looking to cash in on, sparking massive amounts of scams on the internet and associated forums. Sites promising wildly higher rates of exchange for the currency and guaranteed rates of return are banking on the hope that once the market opens up for the Iraqi currency, the exchange rate, much like that for the Chinese yuan, will explode higher. But is it all true?
The Attractive Investment

Why has the dinar become so popular? It's the simple fact that many of us remember when the Kuwait dinar declined to a valuation of 10 US cents after the invasion by Iraq. However, since January 5, 2003, the previous weighted currency basket peg was switched to a higher valuation of 0.29963 dinar. This translates into .34 per 1 dinar, the worlds highest valued currency. Translating this into an exchange rate transaction, a ,000 initial investment around the Gulf War would yield the investor a 3,240% rate of return of 4,000. The same expectations loom over the Iraq economy. Rich in crude exports and likely to remain under the guidance of the US, the country is expected to make a rebound and be catapulted into the global economic arena. The improvement and expansion are expected to be reflected in the underlying currency, creating instant profits for the dinar speculator.
Virtually Worthless Currency

However, the rumors and internet ploys are not true. All that glitters may be gold, but it comes at a price. The first barrier has to do with pricing. Formally introduced in October, the new Iraqi dinar is virtually worthless, trading at 1,460 dinars to Introduced in circulation in 1931, the Iraqi dinar has changed hands from even the earliest days. Backed by British pounds to being pegged to the US dollar, the currency has had its fair share of activity. However, now with the Central Bank of Iraq issuing a new and stable currency, plenty of global speculators are seeing an opportunity. Or is it? Since the 2003 fall of the administration and the deposition of its ruler Saddam Hussein, the Coalition Provisional Authority or the current transitional government has issued new Iraqi dinar. Printed by De La Rue and adding in modern anti-forgery techniques, the updated currency has been revalued from as low as 4000 dinar per U.S. dollar to as high as 980 dinars per dollar. This wild swing is what speculators are looking to cash in on, sparking massive amounts of scams on the internet and associated forums. Sites promising wildly higher rates of exchange for the currency and guaranteed rates of return are banking on the hope that once the market opens up for the Iraqi currency, the exchange rate, much like that for the Chinese yuan, will explode higher. But is it all true?
Liquidity Is King

Unlike the widely accepted major and emerging market currencies, trading the Iraqi dinar has significant barriers. Attributed to the wide discrepancies in prices, banks will not openly trade the dinar with the public. Larger institutions are only able to obtain the stable 1,460 dinar to $1 exchange rate. This will leave the retail trader to pick between the scant number of dealers offering differing prices. In addition, dealers won't always buy back dinars in the market, rather they only sell the currency to the market. U.S. banks, unfortunately won't transact in them either at the retail level. As a result, the illiquidity or absence of true transaction sources will leave the smaller retail investor holding the bag when it's time to cash out of the currency.
Political Upheaval

Although under the guidance of the US, the majority of the political development has been handed over to the new Iraqi government. This leaves a lot of leeway for geopolitical event risk as insurgents continue to battle the current administration in a land that is rife with civil war. The volatility will be reflected in the currency as fluctuations on a speculative manner can move prices all over the place. That's just considering one stable price and not numerous different prices. In addition, time is a heavy consideration. Although the power has been handed over to regional government heads, the insurgence could take years to end before there is stability. Ultimately, this will keep a majority of investors out of the market until the country becomes grounded.
Internet Fraud

Last but not least, the dinars ordered on the internet may be the older versions, considered useless on the market. Although the new dinars are difficult to counterfeit and pass off, dealers and traders in the dinar have sometimes replaced the old dinars, bought at extremely cheap prices, with the new versions in hopes that the unknowing investors won't pick up on the difference. In addition, older bills will also be mixed into the ordered shipment, lowering the value of the overall amount. In some cases, this will halve the value of the overall order, already considering it a losing investment. Some dealers have even taken the money and run away, not delivering on the ordered currency and leaving the investor empty handed.
Conclusion

Although a highly rewarding opportunity, attempting to buy Iraqi dinars on the internet is a risky transaction. Call it straight out gambling. Nothing is guaranteed and the risk reward ratio is low. This simple fact will likely keep a majority of traders out of the market. As a result, with varied prices, a handful of participants and plenty of fraud potential, the dinar market is one that has numerous barriers that will likely hang around for a while and attract only those that are misinformed.