Electronic payment transaction and processing firm, Interswitch has assured Nigerians of security of e-payment transactions on the Web, Automated Teller Machines ATMs, Point of Sale (PoS) terminals and other e-payment channels across the country.
To increase the confidence level of the company's cardholders who shop online and improve the country's image, the company has increased the security designs of its Web payment platform to ensure adequate security for cardholders. The company says with the chip and PIN technology on the platform, "no one can steal customers' card details."
Director of Payment Solutions at Interswitch, Mr Charles Ifedi disclosed this at the Verve National Consumer promo in Lagos recently. Ifedi said other security measures put in place by the company ensures that merchants that have Websites cannot capture cardholders' card data, saying "if they are able to capture card data of cardholders, it is additional risk."
According to him, the company has created four categories for online merchants to determine the level of trust each merchant could extend to online shoppers. To further ensure adequate security for card holders, Ifedi said the company's Web payment platform has been verified by Visa, the global payments technology company.
At the fourth national consumer promo, aimed at driving the cash-less initiative of the Central Bank of Nigeria, 32 Verve card holders won various prizes ranging from generator sets, BlackBerry smartphones, freezers, LCD TV sets and iPads, across eight banks.
tags: interswitch, mobilemoney, cashless Nigeria, mobile money security
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