The internet has given rise to online shopping, which has, in turn, revolutionised the way consumers approach shopping. Without busy shops, pushy sales attendants, and queues, and with more variety and lower prices, online shopping has been embraced globally. But, this has given hackers more opportunity to steal users’ banking and personal details. This has, of course, led to customers questioning the security of payment gateways, and has led some to ask the question, ‘Is i-Pay safe?’
It is a natural question to ask, especially given the ability of hackers to steal personal information. But, we can assure you that i-Pay instant EFT is a very safe means of online payment, and here’s why:
What Makes i-Pay South Africa so Secure?
i-Pay South Africa makes use of a Thawte EV SSL certificate, which is responsible for providing an extremely high level of security. Developed by South Africa’s Mark Shuttleworth, Thawte was the first company to offer secure connections outside of the USA, which led to the company quickly accounting for around 40% of secure traffic globally.
Thawte offers SSL (secure socket layer) certificates. These are important because they eliminate the ability of hackers to see the information being transferred between you and the server. Without an SSL certificate, this information is freely available to any computer that intercepts this information while it is en route to the server. If you consider an ordinary connection to be a postcard (where anyone can read the content while it is being processed and delivered), an SSL certificate makes the connection equivalent to a sealed envelope.
How Does an SSL Certificate Work?
Having an SSL certificate means that a security process is initiated every time you want to connect to your payment gateway to make a payment. Before connecting with your payment gateway, your computer will send a request to the gateway’s server which will ask the server to identify itself. The server will then send a copy of its SSL certificate to your browser. Your browser will then check the SSL certificate to see if it trusts the server. If it is happy with what it sees, the browser will then send a message back to the server. The browser will the digitally sign an acknowledgement and send that back to the browser before starting the session.
Once the session is under way, data being transferred between the browser and the server (your computer and i-Pay instant EFT) will be encrypted, which means that prying eyes will not be able to see the details you send.
That, in a nutshell, is why i-Pay is safe. But, if you would like to know more about our security or our service offerings, please get in touch with us. We’d be only too happy to help.