Each one of us face paucity of time to carry on with the day- to - day tasks.So, there is hardly any time left to specifically deal with a set of financial process involved on a daily basis, particularly for the business entities.Therefore, in the recent times, the requirement of online financial transaction tool such as Payment Gateway has become a necessity.
Also, due to the increasing demand, the pace of change in online buying, digital security and consumer expectations has forced constant re-engineering by companies in the payment space. But it needs to be ensured whether the medium is secured or not.Almost all the business firms which process consumer credit card information need to essentially comply with the Payment Card Industry Data Security Standard (PCI DSS). Your chosen payment gateway need to essentially adhere to this.
South Africa experienced a high level of phishing attacks.In fact the banks were also trying to promote their online banking services and were forced to ramp up their consumer education process. So, opting for a secure and authentic payment gateway became mandatory.
The SID Instant EFT Account, a well-known and trusted South African Payment Gateway, uses a safe online payment method trusted by hundreds of South African e-commerce businesses of all sizes.It is composed of a substantial fraud protection and use a series of algorithms to check if a transaction is potentially fraudulent.In addition to this, the requirement for a service known as 3D Secure was set in 2015 meaning that banks would have to add another layer of verification to credit card transactions, thereby enhancing the security feature.
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