During the Great Depression, there were these two criminals in the US known as Bonnie and Clyde. This infamous couple robbed banks, gas stations, and stores. These bank robbers were driving a stolen vehicle when trapped by the police who riddled them with bullets.
In 1963, as £2.6 million was being transported from Glasgow to London on a Royal Mail train, it got robbed. The criminals escaped but finally caught in their hideout. This incident is known as “The Great Train Robbery.”
Have you ever carried around a large wad of cash and felt nervous that you might be robbed? It is no longer the times of Bonnie and Clyde but there are still robbers around. Money is no longer transported by train as we have various online payment methods. However, there are hackers in the darknet that will try to get the money from your bank accounts, credit cards, e-wallets, and more.
A few payment security solutions
A website that has online payment transactions is made more secure when the Secure Sockets Layer (SSL) protocol is used to encrypt information such as credit card details. When a website has SSL, there is a padlock icon that can be seen in the URL, just before the web address.
When a website is PCI compliant, it means that it has the security required to decrease the risk fraud of data and payments.
When there is a payment being processed, tokenization is used to make the transaction more secure. For example, the credit card numbers are replaced with a randomly generated character string to replace this sensitive information.
With the awareness that cybersecurity is vital, there are money transfer services that implement these three solutions, and more. This online payment company has all that is needed to help prevent fraud and identity theft. The clients are assured that they have the security measure in place for transferring large amounts of money. The security measures also greatly reduce the risk of fake refund requests and other concerns.
Transactions go smoothly when security checks are in place. Even those who do illegal transactions do get to transfer huge amounts safely. When you go through banking institutions, large amounts can be questioned. Even if you are not doing anything illegal, it is best to avoid being questioned. It is foolish to place yourself in the firing line.
A reputation built on trust
We all have a measure of being suspicious. However, we do have money transfer companies that we can trust as these have built a reputation of credibility. There are secure payment transactions done daily as the money transfer has implemented the security for risk management.
When you choose a payment method, you do not want to make the wrong decision. No matter how alluring the advertisement of the transfer company, you have to look at the success record. If the company also has integrated various advance payment solutions that include established fund transfer systems such as banks, it means that is reliable.