• Security In The Cashless Money Transfers

  Filed under News
  Apr 10

  For many customers in retail stores, it has long become everyday life, to participate in the cashless payments. For many customers in retail stores, it has long become everyday life, to participate in the cashless payments. Easy, comfortable and safe, normally the cashless payment option offers decisive advantages for the customers as well as for the retailer. For the customers at the supermarket checkout means of cashless payment transactions but also a claim to the security of its map data in the comprehensive sense. Debit card or credit cards have become the best and most secure means of payment and include in the comfortable payment transactions as well as the traditional payment with cash. The waiver of the payment with cash requires a high degree of safety and trust of all stakeholders. However, it is often forget what technical requirements make the payments with plastic money. For the customer, it is a simple process.

  Insert the card into the Terminal, check the payment amount, Enter the PIN and confirm. Then run the electronic processes of reconciliation with the account-keeping Bank and the payment process is completed for the customers at the Terminal. For the security of this payment process are different characteristics, which is matching by the customer with the input of the personal identification number or the signatures on EC or credit card and proof of payment is completed. For the technical process in the business include more. In addition to a card terminal of the new generation with appropriate registration and exact functionality and the cashier with the receipt printing on the old cash register rolls, especially the security also for card payments is important for retail. While even the recent reports of the media about credit card fraud and misuse of data in debit cards are always in the focus of security efforts of the retail and manufacturer and distributor of card readers and the corresponding terminals.

  Tagged as: insurance & pension, money
  
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