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Payment Solutions Driven By Perfection
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As the internet evolves and plays an even bigger part in people’s lives, it’s essential that high turnover companies find a payment solution which combats fraud and boosts confidence.

As more and more companies claim to use an online payment solution that actively combats online fraud, there’s also a lot to suggest that spam and fraudulent activity is getting more sophisticated.

After years of inactivity, TeamSpy malware has resurfaced, which is designed to mine the data from high profile and high net worth targets as part of an aggressive spam campaign. However, there are ways in which a secure payment solution can help businesses to tackle fraudulent activity online, keep customer data secure and more.

Partnering with an experienced and supportive payment service provider can be one of the best ways to keep your business and its customers safe. Read our blog 'Can an online payment service provider keep your customers safe?' to learn more about payment security.

How a secure payment solution can increase customer confidence

An online payment solution isn’t just about protecting people from spam emails and viruses. There are numerous ways in which hackers target companies and consumers. The Nilsen Report also shows how internet payment fraud is, according to some commentators, unstoppable.

Nevertheless, a secure payment solution can help companies tackle various internet-based attacks, including:

  • Identity theft
  • Friendly fraud
  • Clean fraud
  • Affiliate fraud
  • Triangulation fraud

In fact, a good payment solution can also go much further and combat international and merchant fraud, too, depending on the system that business executives decide to go with.

Despite the spectre of internet fraud across all sectors, there is still a lot for companies to be positive about. Risk assessment company Emailage recently claimed that, over 2016, more than $1 billion in fraudulent online activity was stopped thanks to a combination of technology and syndicated merchants.

There’s still a lot of work to do, though. Thanks to improvements in credit card chip technology, more criminals are heading online to try and devise ways to defraud retailers and shoppers by stealing card numbers.

How the right payment solution can help

Executives looking into new payment technologies to boost security should also be aware of how these improvements can potentially help them to expand into new markets. Strong security can be a key selling point to new demographics and target markets, boosting consumer confidence and encouraging people to try your company out.

With fraudulent techniques becoming more sophisticated, there’s only so much the average consumer can do to protect themselves online. South Yorkshire Police recently issued their top 10 tips to beating online ticketing fraud, for instance, but people can only be vigilant to an extent.

The right payment solution not only helps give consumers peace of mind, but also helps executives in their daily tasks within the business, saving time and refining internal payment processes.

Fibonatix provides businesses across all sectors with unique payment solutions tailored to their needs, and unparalleled customer service. Our expert team are available to provide assistance with meeting regulations and due diligence, growing your brand and entering new markets.

Partnering with an experienced and supportive payment service provider can be one of the best ways to keep your business and its customers safe. Read our blog 'Can an online payment service provider keep your customers safe?' to learn more about payment security.

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