5 Means Of Securing Online Transactions

securing online transactions

 

 

 There are many online consumers that have been told that it is not secure to enter your card online. Because of this vital information, many of us are looking for means of making online purchases without entering our card information or using our card details. In this article, I want to show you some of the means of securing online transactions. Follow me as we are going to be looking at that in this article. 

Here are the alternatives…

#1 Store Value Cards

Store Value Cards are plastic cards with a monetary value encoded in the magnetic strip. They are an effective replacement for cash and can be used for lower-value retail purchases. 
These cards are not associated with the name of the user, hence they do not reveal any information about the customer. Even if lost, the consumer tends to lose only the value that is still unused. 

#2 Smart cards

Smart cards are the same size as credit cards. They have a microprocessor in them, which differentiates them from a credit card, which also has a magnetic strip. 
The data on the magnetic stripe can be read, deleted or even changed. Also, a smart card can be used with a smart card reader attached to a personal computer to authenticate a user. 

#3 Digital Cash

Digital cash is a method of purchasing cash credit in a small amount. Also, cash credit can be stored on your computer and spent when making electronic purchases on the Internet. The consumer can buy the credits from a financial institution. 
Digital cash is associated with a serial number that can be used for online transactions. Please note that sending the serial does not give out your personal information. 

#4 E-Wallets

An E-Wallet is a software program used for online transactions. Once the software is installed, personal information can be filled out in the E-Wallet and stored safely. 
When the user orders something, the order form can be automatically completed using the wallet. This help prevents the theft of personal information. 
By default, electronic wallet software will always request users to enter a password before completing the form. 

#5 Online Payment Services

Third-party payment services can be used to make online payments to avoid giving away credit card information to the merchant directly. 

 

When using an online payment service, the user should transfer money to an account associated with the online payment service. 

 

All these purchases and transactions can be carried out through this account. This way, the customer does not reveal credit card information or other personal details to the merchants. 

 

 

Do you enjoy this article, add Our Posts to your Reading List.

To Get Email Updates when we post new contents, Click Here.

Loading

Related Posts

Waterproof Vinyl FlooringWaterproof Vinyl Flooring
Waterproof Vinyl Flooring: The Basic Facts You...
  Waterproof vinyl flooring is on the verge of overtaking the laminate...
Read more
Project Management Templates: How to Make Your Work SmootherProject Management Templates: How to Make Your Work Smoother
Project Management Templates: Tools For Simpler Processes
  Project management templates are pre-designed documents that help project managers...
Read more
Health Benefits Of Magilim Kedi Healthcare ProductHealth Benefits Of Magilim Kedi Healthcare Product
Health Benefits Of Magilim Kedi Healthcare Product
  Another product that I want to introduce in this article...
Read more
Digital Forensics In Cybersecurity: Facts To NoteDigital Forensics In Cybersecurity: Facts To Note
Digital Forensics In Cybersecurity: Facts To Note
    Now that you have investigated and identified valid alerts, what...
Read more
Customer LoyaltyCustomer Loyalty
Creating Customer Loyalty: How To Handle Your...
  Creating Customer Loyalty: How To Handle Your Loyal Customers.     When an...
Read more
Project Schedule Network DiagramProject Schedule Network Diagram
Project Schedule Network Diagram: Amazing Tool For...
 Project Schedule Network Diagram: Amazing Tool For Keeping Track Of...
Read more
Compelling HeadlinesCompelling Headlines
Use These 9 Tricks to Write Compelling...
  With so much information being thrown at people these days,...
Read more
Handling Digital Strategy ReviewsHandling Digital Strategy Reviews
Handling Digital Strategy Reviews: How It Should...
  Handling Digital Strategy Reviews: How It Should Be Done (+Examples)     Digital...
Read more
CRMNuggets Whatsapp Channel
truehost
About Adeniyi Salau 1730 Articles
Adeniyi Salau is a highly dedicated and committed Blogger of repute. He likes sharing his IT knowledge with others. My desire is to impact as many lives as possible with my IT skills. You can download my mobile APP. Download the ICTLOAD APP on Google Playstore. Thanks.

Be the first to comment

Leave a Reply

Your email address will not be published.


*