Security
Are Online Payments Safe In The Current Digital Age?
This makes ACH payments secure than other forms of compensation. Although ACH payments are designed to be safe, you can further improve their security. Some of the ways you can do this include:

It’s the worry of every business owner to be involved in any form of fraud and lose their hard-earned money, and it’s even worse when they even implicate their loyal customers.
If it makes sense to collect ACH payments for your business, your biggest question is, are ACH payments safe, right?
Well, yes, they are safe. ACH is regulated by the federal government and operated by the National Clearing House Association (NACHA), an NGO that enforces rules and regulations while keeping the account numbers confidential.
This makes ACH payments secure than other forms of compensation.
Although ACH payments are designed to be safe, you can further improve their security. Some of the ways you can do this include:
1. Work with a trusted payment processor.
The payment processor has a significant impact on the safety of the transactions, so you need to be cautious of the one you work with. Click here for a reputable payment processor if you don’t know where to begin.
An ideal processor should be compliant with the NACHA’s operating rules and seal all risky areas where you can lose money. For example, to avoid losing money when a customer with insufficient funds makes payment only for it to be rejected, work with a merchant with “balance check” tools that confirm that the customer has sufficient funds in their account to cover the said transaction.
The merchant should also have fraud preventing tools protecting you from any form of fraud.
2. Remove human data input.
Even your employees are a risk as they can collect your customer’s information and use it to access funds, instead of emailing your customers or collecting their information over the phone, set up a secure portal where they enter their banking information so that none of your employees can see it.
You also should make use of tokenization and encryption. Encryption is a process of encoding data to ensure that it’s only visible to the intended recipient.
Tokenization replaces the private information with a unique and unrelated set of characters that don’t make sense and are of no value to those seeing it. This way, you don’t worry even if sensitive data lands in the wrong hands.
3. Use two-factor authentication
Doing this deters any bad actors that might maliciously use your platform or service. When you implement two-factor authentication (2FA), you have peace of mind knowing that your money and business are protected so that even if your customers are using weak passwords, no one can access their account without sending the email or phone verification code.
4. Use micro-deposits
Most third-party payment processors make two micro-deposits into a user’s bank account to verify their identity before making a formal financial transaction.
Check with your payment processor and if this option is in the settings, activate it, and it will come in handy at preventing fraud and knowing your customers more as you have all of their details.
5. ACH is safe
As you have seen, ACH payments are safe, and there is no reason you shouldn’t accept them in your business. For peace of mind that even your customers are protected when using your platform, work with a reputable payment processor with all the safety features in place.
Security
5 Significant Identity and Access Management Things to Consider
Most companies lack this clarity and it ends with an unclear idea of what the true purpose of the IAM solution involved truly is.

An IAM Software could really be the answer to all your security troubles. Going into IAM blindly or simply listening to others while choosing the right kind of IAM solution for your company might cost you lots of time, money, and energy. You might think you need not consider the nitty gritty but they truly change your whole IAM experience. Ultimately, it is the small details that truly make something worth it or completely shatter the experience. Here are some foolproof things that will steer your IAM selection in the right direction.
1. What Is Your IAM Protecting?
It must be your top priority to consider what you are actually protecting with your IAM solution. Most companies lack this clarity and it ends with an unclear idea of what the true purpose of the IAM solution involved truly is. Ask yourself, chalk it out, and plan whether you want the IAM to protect everything from users to passwords to systems and data or just a specific part like data or even just a specific system. The clearer your priority, the better!
2. Independent Or Managed Service Provider
Choose your service. It is something that is often overlooked. When a company is choosing an IAM, it does not quite consider if it wants to take the independent route or take up the services of a managed service provider. It would be smart to consider if your company has the manpower, finances, and skill sets to go through with managing an IAM Solution independently or if it will be better for a framework that is already successful.
3. Current and Future Environment
It would really benefit your company and simplify your IAM journey a million times if you consider the current and future environment your company thrives in. It can be cloud-based, on-premise, or even a hybrid. Whichever type of environment you select for your company, this clarity will help find the best IAM solution for you in very little time.
4. Documentation Of All Additional Applications
Another significant Identity and Access Management related thing to consider is whether you have documented all additional applications that are going to mingle with your IAM solution. It might be something very simple as a cloud-based software such as the service (SaaS) which will need to integrate with IAM software. This consideration will lead to a clear understanding of expectations and you would not have to struggle with it in the later stages of your IAM solution implementation.
5. IAM Solution Scalability
The last thing to consider would be the scalability of your IAM solution. The best way to find this out would be to figure out the kind of business trends going on currently and how the future will shape them in relation to your company. The consideration of both the present and future for your company will use the IAM solution to the most optimum limit!
Considering these 5 small but significant things will definitely help your IAM solution selection a super easy and super successful process.
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