As the world becomes more digital, the risk of online fraud continues to grow. Criminals are always seeking new ways to steal money and personal information, and businesses that process online payments are especially vulnerable. At QubePay, we take fraud prevention seriously, and we’ve implemented a variety of measures to protect our clients and their customers. Here are just a few of the ways we keep you safe.

Encryption and Secure Servers

At QubePay, all payment information is encrypted to prevent interception by unauthorised parties. We use secure servers that meet industry standards for security and reliability, and our servers are housed in facilities with 24/7 security and monitoring. Our encryption protocols are designed to prevent “man-in-the-middle” attacks, which can intercept data as it is transmitted between parties.

PCI DSS Compliance

The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements designed to ensure that all companies that process, store, or transmit credit card information maintain a secure environment. QubePay is fully compliant with PCI DSS, which means we follow strict procedures to protect cardholder data. Our compliance is regularly audited by an independent third party to ensure that we continue to meet the standards.

Tokenisation

Tokenisation is a process by which sensitive data is replaced with a unique token that has no intrinsic value. This token can be used to process transactions, but it cannot be used to reveal the original data. At QubePay, we use tokenisation to protect cardholder data. This means that even if a criminal gains access to our systems, they will not be able to access card numbers or other sensitive information.

Two-Factor Authentication

Two-factor authentication is a security process that requires users to provide two forms of identification to access an account. At QubePay, we require two-factor authentication for all sensitive actions, such as making changes to account information or accessing reports. This ensures that even if a criminal obtains a user’s password, they will not be able to access the account without also having access to the user’s phone or other secondary authentication method.

Fraud Monitoring and Prevention

In addition to these technical measures, QubePay employs a team of fraud prevention specialists who monitor transactions and identify potential fraud. Our team uses a variety of tools to detect suspicious activity, such as velocity limits and IP address geolocation. We also work closely with our clients to implement customised fraud prevention rules that fit their unique needs.

In conclusion, at QubePay, we are committed to providing our clients with the highest level of security and fraud prevention. We believe that a strong security posture is essential for building trust with customers and protecting your business from financial loss. Contact us today to learn more about our secure payment processing solutions.