PSI-Pay Becomes a Trendsetter in the World of Ever Evolving Technology
Walmart and PayPal customers now have something to smile about after the two financial institutions teamed up to offer financial services that will benefit their shared customers. Walmart has millions of customers who rely on their financial products and services that are reliable, convenient and affordable. PayPal gives its customers an online platform that enables them to make and receive payments conveniently. PayPal customers will be able to withdraw money from Walmart ATMs after the deal is finalized in November.
This is among the emerging trends in e-commerce. Technology has advanced a great deal and businesses that accept online payments have an advantage in the competitive market. Buyers are using the internet to make purchases using credit cards and debit cards. For a business to accept payment for products and services online, they must make some special arrangements and open a merchant account.
With many people using the internet to get reliable and convenient payments, a research has shown that buyers are getting worried about identity theft day-in-day-out. PSI-Pay has taken the security of its customers seriously. The financial company combines sophisticated security features with a reliable rules-based system to keep your business protected. The analysis of both behavioral and transactional data helps to combat threats early enough. PSI-Pay applies those measures along with hiring “outside” data brokers to curb fraud and verify the identity of account holders.
— PSI-Pay (@PSIPayLtd) August 24, 2015
PSI-Pay also has a host of cybersecurity experts who are working around the clock to identify and investigate any suspicious activity in an effort to minimize exposure to fraud. These efforts have helped them a great deal even as they are venturing into the contactless payment market.
PSI-Pay offers contactless payment, a system that uses credit, debit as well as smart cards to enable people to pay for goods and services more conveniently. PSI-Pay and Kerv combined efforts to come up with a ring designed for both comfort and durability to offer contactless payments. According to PSI-Pay, contactless payment is the future and it has been embraced widely. Even charity organizations stand to benefit because, with contactless payment, it is easier to make donations.
PSI-Pay is a regulated financial institution that offers sponsorship financial solutions to businesses. Since 2009, the company has been a principal member of MasterCard and it offers prepaid credit cards, debit cards among other payment products which are regulated. The electronic payment products that the company offers are used widely in over 173 countries and the services are available in 44 different currencies.