Online retail sales this holiday season are predicted to reach up to $59.5 billion this year, which puts consumers at higher risk of identity theft and fraud. If hackers obtain your debit card number, your bank account can be completely emptied out. Therefore, it is important to shop safely and be cautious about which websites you make purchases from during the holiday season. The following are some online shopping safety tips:1. Make sure that your computer has anti-virus or anti-spyware software to ensure that you aren’t acquiring any viruses or malicious programs. 2. Check the websites that you make purchases from, to ensure that the sites are secure. You can check this by looking to see if they provide SSL (Secure Socket Layer) security, which can typically be found somewhere on the home page. 3. Be careful when you post personal information online. Do not share any addresses or payment information on social networking sites, as it is easy to access. 4. Only shop at trusted websites. Before you make a purchase from a website, check for customer testimonials or look to see if they are part of the Better Business Bureau listings. 5. Do not give out your social security number online. No merchants should require you to release your social security number while shopping online. The safest way to shop online is through SafetyPay, a secure e-payment system that allows all online banking customers to make online purchases worldwide directly through their bank. SafetyPay provides a safe international shopping experience without the need to disclose any financial information or the use of credit cards. Shop globally, pay locally with SafetyPay this holiday season.
As consumers replace cash, checks and credit cards with online and mobile banking, financial institutions need to alter services and offerings to keep up with consumer demand for convenience and security. New regulations preventing fee increases require banks to find alternative income sources, and SafetyPay’s white paper illustrates the ability of banks to use innovative technology to generate revenue and deliver considerable benefits to customers.
SafetyPay’s white paper looks at the benefits of new innovative payment methods and their ability to serve as an additional revenue generator for banks. The credit card has been the predominant online payment method, however, credit cards were not invented with the Internet in mind. As ecommerce has grown, their inherent deficiencies have become more apparent – increased risk of fraud and high costs for merchants to process. Because of this, inroads have been made by new payment methods as consumers recognize their convenience and security. In fact, by 2012, new payments are projected to reach 30 percent of online payments. Financial institutions providing online payment alternatives promote greater customer loyalty and satisfaction.
“Online banking makes international e-commerce a simple and safe process for merchants and consumers alike, and banks offering modern payment options are successfully attracting and retaining customers,” said Manuel Montero, CEO of SafetyPay. “At SafetyPay, our objective is to share the immense benefits online banking channels offer. We enable financial institutions, large and small, to enlist contemporary banking methods to generate revenue and provide a fraud proof payment solution to consumers and online retailers.”
To download the full white paper, please click here
SafetyPay has been selected to be featured at IRCE June 8-11, 2010. Known as the world’s largest e-commerce event, Internet Retailer Conference & Exhibition (IRCE) showcases every key industry that specializes in e-retailing. This year’s conference will be held in Chicago, Illinois in a 170,000-square-foot Exhibition Hall. Over 6,000 attendees are expected to partake in this extravagent event, as well as 175 expert speaker and 407 exhibiting companies. IRCE displays the largest demonstration of e-commerce technology in the world.
SafetyPay – The Safe Internet Payment Solution at IRCE June 8-11, 2010. Please contact firstname.lastname@example.org to schedule a meeting. See you there!