When it comes to online payments, buyers can be a little tentative about the security of their transactions. And, to a certain extent, this is good as it means they are careful about where they enter their information. So, when it comes to online payment functions like the i-Pay EFT, people generally only want to know one thing: is i-Pay safe?
The answer to that question is a simple and resounding yes! i-Pay instant EFT is safe for a number of reasons. But, before we get to those, let us take a brief look at the i-Pay EFT process.
How the i-Pay Instant EFT
When it comes time to check out and pay for the items in your basket on an ecommerce site, you can select i-Pay as a payment option. You then select your bank from the list and log in. From there, you enter the required information, your bank authenticates it, and the transaction is complete.
You know that your bank has its own safety features for the protection of your information. But, since i-Pay acts as a proxy you need to know whether this payment gateway protects your information as well.
Again, a resounding yes! Here are the tools i-Pay uses to protect your personal details:
How i-Pay South Africa Ensures Security
Thawte is a form of SSL certification that works to ensure the safe transfer of personal details online. It helps browsers request the identity of web servers, helps verify those identities, and then facilitates the share of encrypted data between the browser and the server.
Having an SSL certificate means that any information you enter online will be encrypted as it is travelling over the internet, making it much more secure.
2. Bank Security Inheritance
As we mentioned, your bank has its own safety features in place to ensure the protection of your personal details. With i-Pay, this communication is facilitated and still essentially occurs as it normally would. This means that i-Pay inherits your bank’s security features, ensuring the safety of your transaction.
3. Non-storage of Details
One of the things you have to be wary of when entering your details online is the retention of those details. If your details are stored online, they are easier for hackers to access. Fortunately, i-Pay doesn’t need to store your details in order to facilitate transactions, so you can be sure that they are no longer online once the transaction has been completed.
i-Pay South Africa ensures the safety of your online purchases through these methods. If you would like to know more about these processes, or find out more about how we work, please contact us today!
Image credit: http://faze.ca/internet-security-protecting-personal-info/