The security issue is a key factor for many customers when choosing an online payment method. How to make mobile transactions and sleep well? First of all, it is worth using the services of entities that can guarantee maximum protection of our data during the transfer at every stage of its processing.
How to safely make transfers via the application?
According to the analysis "Lost in Transaction: Consumer payment trends 2022", as much as 70% with 11 thou. surveyed people from 10 European countries prefer not to share their data online. For good reason. Consumers are becoming more and more aware that the so-called sensitive information is invaluable. For this reason, they expect, among others, from the creators of mobile payment solutions, the guarantee of their maximum protection.
Among the key market standards according to which card transactions are secured, it is worth learning more about PCI DSS and 3-D Secure. Both solutions are offered in the Rebell Pay application, which enables quick and convenient card-to-card transfers with no commission and no hidden costs.
What is PCI DSS and what does it say about the service provider?
In 2006, the largest players on the payment market, including Visa and Mastercard, created security standards known as Payment Card Industry Data Security Standard, or PCI DSS for short. The operational and technical guidelines are aimed at organizations accepting or processing payment transactions, as well as developers and producers of applications and devices used for transfers. The PCI DSS certification audit is aimed at verifying whether the entities processing the data of payment card users properly secure them at every stage of the cashless payment.
Meeting all the stringent PCI DSS guidelines is not easy. This is confirmed by the statistics included in the "2021 Payment Security Report", which is issued annually by the American company Verizon Communications. According to analyzes, less than 28% entities maintained full compliance during the periodic system validation in 2019. For this reason, it is recognized that those who can boast a PCI DSS certificate of compliance ensure the security of payment data at the stage of encryption, transmission, and storage of information about a payment transaction. Such an audit was successfully completed for system responsible for transactions made through the Rebell Pay application, which offers new generation local and international transfers.
What is 3-D Secure and how does it secure our transaction?
The 3-D Secure system is primarily aimed at increasing the security of online payments made with the use of cards by verifying the identity of the person making the transaction. In practice, during the transfer of funds, an additional window may appear in which we are asked to authenticate the data.
In Rebell Pay, this authorization method secures all transfers in the case of the so-called unverified users and selected transactions for verified users. It is also worth noting that people who have passed the identity verification required by law in the Rebell Pay application can enjoy higher transaction limits - up to the amount of 5,000 euro for 30 days. Unverified users can transfer up to € 500 within 30 days.