PSI-Pay plays an important role in making paying online secure. In today’s competitive world businesses need to offer customers a method of paying for products and services online. PSI-Pay helps customers perform online transactions without compromising on security.
Most customers pay for products and services online using credit cards or debit cards. Businesses open a merchant account to receive payments made online. A survey made by UK banks showed that customers are concerned about the safety and security of online transactions and the possibility of identity theft.
PSI-Pay has evolved a security system that is rule-based and provides the best possible protection for online transactions. They use a range of third-party data brokers to check the account holder’s identity. The employees of PSI-Pay consist of data analysts and risk management professionals who are experts at detecting suspicious transactions to reduce the possibility of fraud.
— PSI-Pay (@PSIPayLtd) August 24, 2015
PSI-Pay and Kerv Wearables have introduced a contactless payment ring into the international market. The purpose of the ring is to eliminate cash payments in the market. Customers do not have to pay in cash or punch a PIN number to make transactions. Cashless payments have become the norm not only for business transactions but organizations like the Church of England have introduced electronic collection terminals in churches for donations.
PSI-Pay and Kerv Wearables have developed rings that come in different sizes. The rings are made to suit male and female customers and are waterproof and scratch resistant. Customers need to tap their rings at terminals to make contactless payments.
PSI-Pay is a Fintech Company regulated by the Financial Conduct Authority of the British Government. The introduction of the transaction ring by PSI Pay will help customers make payments without the need to carry cash or cards.