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How is security achieved in payment systems?

2016-05-16

How security is achieved in payment systems

At the dawn of the emergence of electronic payment systems, the foreground was the creation of a user-friendly interface, a maximum of functions, ensuring ease of handling instruments for making monetary transactions. At the first stage, such services were not as large-scale as they are now. Back then, the issue of ensuring security in payment systems was not as acute as it is now.

With the development of payment systems, it is necessary to improve security

The pace of development of the virtual payments industry is impressive. Even the once ardent opponents of innovation recognized their successes. As you know, with an increase in the intensity and movement and volume of cash flows, the number of fraudsters and methods that allow them to misappropriate other peoples money also grows. Moreover, the mechanisms are constantly being improved.

The unprecedented scale of cybercrime, which is constantly growing, confronts developers and owners of online money transfer resources with the need to develop new, sophisticated, effective and reliable ways to ensure security in payment systems. Securing customer savings is one of the main priorities and challenges of this very profitable type of Internet business today.

Service owners should not forget that since a person is able to create this or that complex system, there will also be those who can hack it. Therefore, you need to go one step ahead of the scammers who, unfortunately, have always been, are now and, most likely, will exist in the future.

The use of special technical algorithms can guarantee the security of the payment system. Currently, this issue has become a real problem, because it is precisely because of the weak security system that many services cease to exist. The modern user is quite sophisticated in the specifics of payment systems, and if he intends to use large amounts of digital currency, the number one issue for him is security.

The most reliable and secure

The popularity and level of security of settlement systems are at the same level. This is obvious, because each user, first of all, thinks about the safety of their funds, and then about everything else.

The Webmoney system has been recognized by tens of millions of users. And, despite the fact that they must fully identify themselves before entering it on full rights, this does not prevent her from becoming one of the most recognized. Thanks to the many years of practice of Webmoney users, you can make sure that this payment system can really provide security.

In any case, in this system, there was practically no infringement of confidential information, not a single client suffered either morally or financially. The content of e-wallets is under vigilant protection, for which innovative technologies and special software are used.

The Webmoney service is sometimes criticized for its excessive enthusiasm for checks and identification requirements, which significantly complicates the authorization procedure. Here, the institution of SMS confirmations is widely used, which significantly enhances security, makes it practically invulnerable to possible hacker attacks. But at the same time, it does not lose its users, their number is increasing every day.

The Yandex.Money payment system is more loyal in its requirements for users, and is not carried away by an excessive number of levels of protection. When registering, she does not use SMS confirmation, as well as when making transactions. Nevertheless, Yandex.Money applies certain protection methods that exist in payment systems. Although, along with simplifying and eliminating additional funds, users often find themselves in a difficult position when their contributions are threatened with an obvious loss. Therefore, the desire to make life easier for users is not always justified without requiring them to take additional actions. As a result, the security of the payment system account may be a big question.

Only the fact that not too much money is "spinning" in the Yandex.Money system, the probability of fraudsters interference is minimal. After all, this service is not intended for commercial use, its customers are ordinary people with little capital.
 

Phishing is the result of a users lack of vigilance

A problem that in its scale claims to be a "prize" among other types of danger is phishing. The owner of the service, of course, must provide for the availability of maximum types of security in payment systems. But this is sometimes not enough, if the user himself admits negligence, forgets about vigilance.

The point is that a person himself must take care of the security of his electronic money. In no case can you transfer, leave on third-party sites the data of your wallet, payment details. You cannot be gullible and succumb to the tricks of fraudsters who, under some fictitious pretext, will ask you to provide a password, login or other confidential information. As compelling as the request may be, it is all a blatant deception aimed at taking over the contents of an electronic wallet.

Useful tips to ensure safety

There are known ways to ensure security in payment systems:

    The uniqueness of the password, you cannot use the same option that is already available on other services. It is undesirable to use your year of birth, name or surname in passwords, otherwise it can be easily deciphered. The ideal option is a combination of numbers and letters of different registers.
    When connecting to a payment system and registering, you should not use public Internet coverage areas.
    You should never, under any circumstances, provide information about your password, login, details. They are the exclusive property of the user, no third party has a right to them.
    Do not get carried away with suspicious links, they may turn out to be spam. Once you open such a site, you can immediately be an easy target for scammers.
    Do not fall for the tricks of clone sites that pursue their nefarious goal. If you overlook and take it for the real one, where your e-wallet is registered, during authorization, you can involuntarily give out data that will be used by scammers.
    Update the databases of anti-virus systems.

If you make the right choice of a reliable payment system and follow the advice, you can maximally protect your electronic money, and it will never fall into the wrong hands.