In the current world of business, various businesses are accepting their customers to make their payments online. This method provides many major advantages to both the clients and the sellers. Clients progressively expect this service and it could expand their cash flow considerably. Clients frequently use the internet for a faster and consistent facility. The payments are mostly made using the debit or credit cards. For the service to be successful, businesses need to open a merchant account and make special arrangements with their customers on how to pay for goods.
Buyers only need to open such accounts and enable their cards to pay using the service. The method is simple and faster since one only need to swipe the card and a certain amount is deducted in the card. A recent survey by main UK banks shows that people are concerned about this method of payment due to identity theft.
Due to the fear of identity theft, PSI Pay has designed special security features to avoid such thefts. They are safe and very reliable and they guarantee maximum security and protection for both businesses and the clients. They assist in combining analysis to enable safe transactional to prevent online fraud.
— PSI-Pay (@PSIPayLtd) August 24, 2015
Additionally, the PSI Pay enables verification of account identity and the account holders by using third-party data brokers. The company has employed people with the high qualification in risk protections and data analyst. These risk experts and data analyst are devoted to analyzing and scrutinizing suspicious behavior and financial trades. This is done with the intention of minimizing exposure to fraud and theft when using online services.
The online payment industry helps in saying goodbye to digging deep in wallets to look for the remaining coins to pay for something. In the current world, coins and notes are being overtaken and outdated due to the excessive use of cards to pay goods and services online. Churches in England have even gone to an extent of following the same trend by asking their congregation to contribute their donations through electronic terminals. This would mean the usage of coins and notes as currency is ending.
PSI Pay is a principal member of MasterCard, where they have been allowed to provide contactless PayPass programs, debit, prepaid and virtual cards to people and organizations around the world. They have been able to provide MasterCard facilities directly all over the European Union for the last 10 years. The company is empowering its partners to offer the same services.