4 Ways of Choosing a Secured Online Payment Platforms
In recent times, I have written many articles on how you can stay secure online. I want to continue with that discussion. I will be writing about some of the ways of choosing secured online payment platforms. Follow me as we look at that in this article.
#1 Legitimacy level as part of considerations for secured online payment platforms adoption
Before you use your card on any online payment platform online, you have to make sure that such site is https secured. You will always see a padlock as a piece of evidence that such a site is secured. You can also check a review site to know what has been said about any website.
#2 Checking review sites as part of considerations for secured online payment platforms adoption
#3 Seal of approval as part of considerations for secured online payment platforms adoption
There is a need for you to check the payment service website for a seal of approval from certificate authorities. The approval can come from Truste, Verisign or BBBONline.
#4 Encryption as part of considerations for secured online payment platforms adoption
The last thing that you need to do is to ensure that the website uses encryption technology. With that, you can be sure that the data that is passing from you to the online payment is secured.
5 Other Means of Securing Online Transactions
In recent time, I have been laying more emphasis on how you can secure online transactions. Some of us are just careless with our credit and debit cards. This has made us become a victim of online attacks. This just has to change. In this article, I want to show us five other ways of securing online transactions just by using other methods of payments.
#1 Store Value Cards as a means of securing online transactions
Store Value Cards are plastic cards with a monetary value encoded in the magnetic strip. Just like your ATM Card that is linked to your bank account. This type of cards are an effective replacement for cash and can be used for low retail purchase online. They are secured for online transactions. This type of card is not associated with the name of the user, hence they do not reveal any information about the customer using them. If you lost this card, you only lose the amount that you have saved on the card. #2 Smart Cards Option as a means of securing online transactions Smart cards have the same size as credit cards. They have a microprocessor in them. This differentiates them from credit cards that make use of magnetic stripes. The dates on the microprocessor can be read, deleted or changed. This helps in securing online transactions. Smart cards can also be used with a smart card reader attached to a computer to verify the identity of a user. This is just like the card used in voting in Nigeria elections.
#3 Digital cash
This is a method of purchasing cash credits with small amounts. Here, credit cards can be stored in your computers which can now be used when you are making transactions online. It also allows the consumer to buy credits from financial institutions around the world. When the user orders a product the order can be easily completed by using a wallet. This helps in preventing the theft of personal information. By default, most of the electronic wallet software request users to enter a password before completing the form.
#4 Online payment services as a means of securing online transactions
Third party payment services can be used to make online payments to avoid giving away card information to online merchants directly. When using an online payment platform, the user should transfer money to an account associated with the online payment service.
All purchases and transactions can now be carried out through this online account. This way you do not have to reveal credit card information or other personal details to merchants. If you enjoy this article. Do not hesitate to share with others on social media. You can also subscribe to get updates on new articles. Thanks for reading.
8 Unknown Guidelines for Ensuring Credit Card Safety
In my previous article, I have talked about some of the credit card frauds that can happen in any clime. You need to take your credit card safety serious. I would advise that you read that article before reading this particular article.
What to do before you start shopping…
#1 Check their profile…
In order to guarantee your credit card safety, there is a need for you to check the website if it is a known website. You can Google their name to know what others are saying about them. It is then that it can be safe for you to use your card on that website.
#2 Certificate of trust…
For you to guarantee your credit card safety, you also need to check for third-party certification of trust of that particular website. If a website is viable, it should have certificate authority proving that it is safe to use your card on such a website. Some of this trust is given by Verisign or eTrust among others.
#3 Checking reviews as part of credit card safety measures
One other thing to do before you use your card on any website is to check the reviews for that particular website. What are people saying about that particular website? What you see on their website might not be enough for you to judge. You need to look at what review websites have to say about them.
#4 Reviewing Privacy statement as part of credit card safety measures
There is a need for you to review the privacy statement on the website. You have to read what they have to say about how they are going to protect your information. These are also updated from time to time. You must not be too lazy to go through them.
While you are shopping…
You have to be discreet. You should only disclose information that is only relevant to what you are doing at that moment. Do not be a talkative,
#5 Secure site as part of credit card safety measures
You have to be careful. You must ensure that you are using a secure computer and you log in to a very secure website. You must find out it is an https secured website before you enter your card information.
You have to make sure that you are using a strong password. Do not use your Date of Birth or other combination that are very easy to guess. A password must contain numbers, letters and special characters.
#7 One-click shopping as part of credit card safety measures
You need to make sure that you add an extra layer of security when you are shopping online. You can make use of 2-way authentication that asked you to confirm if you are the one truly logging in to your website. It is very safe and secured.
#8 Check your mail
There is a need for you to check your mail after online transactions. You have to be sure you are properly charged. If you notice any anomaly, make an effort to contact your bank immediately. There are many people around the world that have been victims of credit card frauds. It is so pathetic some people fall into this trap due to lack of ignorance. In this article, I want to take the pain of explaining some of the credit card frauds that can be carried out on your card so that you can defend yourself against the next one.
#1 Credit card mail order fraud as one of the credit card frauds
In this type of fraud, the credit card stealer will try and get all the information about the card through any means. He or she will now send a request for a new to his bank. If he succeeds, he or she can now have access to the money in the account.
#2 Skimming or counterfeit credit card
This happens when the hacker electronically copies the information on the stripe of a card without the knowledge of the cardholder. That is one reason why you should never give your card to anyone to hold.
#3 Chargeback fraud as one of the credit card frauds
This offence can be committed by the cardholder himself. It happens when the holder used his card to purchase goods or services online and now call the bank to deny that he ever authorize such transaction.
#4 Lost or stolen card
This is very common in Nigeria. It happens when a card is lost or stolen and the thief or the founder went ahead to withdraw all the money inside the account. Dear friends, when you noticed you cannot find your card, the first thing is to contact your bank to block your card before thinking of a replacement. NO bank will ever ask you to pay for that. It is also strongly advised that you should have the contact number of your bank. The problem with banks in Nigeria is that their call centres are not toll-free.
#5 Card Not Present (CNP) Fraud as one of the credit card frauds
In this type of credit card fraud, the culprit obtains the credit card information by fraud and then used it to purchase products online. There is a way that you can prevent yourself from this. Never write your credit card password to anyone. You should not also disclose your credit card information to anyone on the phone. It is not even logical for you to disclose your pin to anyone inside the banking hall.
#6 Cash Machine Fraud as one of the credit card frauds
This is done when the offender tampers with the cash machine and then trick the offender to enter his password in his presence. You should never fall for this kind of trick.
#7 Shoulder surfing as one of the credit card frauds
This happens when the hacker look over your shoulder while you are typing your pin. You have to be sure that no one is looking over your shoulder while you are typing your password or enter other criteria for your cards.
#8 Identity theft
This happens when the hacker fraudulently obtains information of a credit card holder in order to access such credit card account. You still have to be sure that you do not write such information anywhere or give such information to a hacker or friend.
3 Facts You Should Know About Credit Card Payments
I also want to lend my voice to the issue of credit card payments. Credit card payment occurs when you actually make use of the card given to you by your banks in making payment online. This happens when you need to carry out transactions or make other payments online.
Credit cards are still the most common method of online purchase because they are very easy to use. With this mode of payment, you can actually continue the payment at a future date.
Credit cards are always issued by an issuing bank in collaboration with the credit card company. This only happens when the user’s credentials have been verified.
The card user always needs to pay the card issue a specified amount to signify that he has agreed to purchase the card. The card also indicates consent to pay by signing the receipt with a record of the card details and indicating the amount to be paid. This can also be done by entering a Personal Identification Number (PIN) or the Card Verification Value number (CVV). you enjoy this article. DO not hesitate to share with others on social media. You can also subscribe to get updates on new articles. Thanks for reading.
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