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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:

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CYBER SECURITY Business technology Antivirus Alert Protection Security and Cyber Security Firewall Cybersecurity and information technology

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.

Security is a major business objective

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.

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Cybersecurity

8 Qualities to Look for in an IT Service Provider

What to Focus on When Choosing an IT Service Provider? Here are the eight crucial factors to consider when looking for an IT services provider for your company.

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8 Qualities to Look for in an IT Service Provider

Cloud services, IT infrastructure, and managed security are some of the services offered by IT service providers. They allow businesses to benefit from an extensive IT infrastructure without maintaining massive hardware in-house.

Even though there are many IT service providers to choose from, not all of them can meet your specific business requirements.

Choosing the wrong IT services provider can lead to increased IT expenditures through the purchase of irrelevant services. A reactive approach to IT issues also results in recurring network security, downtime, and data backup problems.

In contrast, the best IT services companies will offer you customized, cutting-edge solutions. You will save money by only paying for what you actually use. Most importantly, they’ll use a proactive approach rather than wait until the damage is done.

As you might have gathered from the opening few paragraphs of this post, we believe that finding an IT services provider that suits your company is crucial. But the question is how? Let’s find out!

What to Focus on When Choosing an IT Service Provider?

Here are the eight crucial factors to consider when looking for an IT services provider for your company.

1. Top-Notch Security

Ensure your business is protected from cyber threats such as malware and viruses by choosing an IT services provider that utilizes the latest technologies and tools. It is also imperative that they protect your confidential data, including trade secrets, from hackers.

You should ensure that your IT provider can block data intrusions as soon as they are detected. Ideally, they offer a wide range of data protection services, including but not limited to:

  • Mobile device management
  • Dark web ID protection
  • Endpoint protection
  • Web content filtering
  • DNS security
  • Simulated phishing attacks

In addition, they need to be able to prevent malware from entering your system via POS (point-of-sale) and network intrusions.

Finally, ensure that the provider can support your compliance with government regulations and IT security requirements.

CYBER SECURITY Business technology Antivirus Alert Protection Security and Cyber Security Firewall Cybersecurity and information technology

2. Past Client Testimonials

To get the best understanding of what your IT service provider can do, analyze the experiences of their previous and current clients in similar industries to yours. This means you should check as many reviews and testimonials as you can find.

The company should be able to provide you with a list of previous clients and references. After conducting your research, you can determine if they are the best IT services provider for your business.

It is important to remember that not all IT service providers are the same. For instance, some focus on working with healthcare providers. Others might work in retail or other fields. Select someone who has experience in the industry you are working in.

3. Non-Stop Availability

You should be able to receive round-the-clock IT support from your IT services provider. A high-quality IT company should have professionals working in shifts. This ensures round-the-clock availability and monitoring of your IT system.

In addition to ensuring that IT issues are detected early, round-the-clock service availability ensures that service issues are resolved promptly. As a result, updates and patches are applied as quickly as possible, preventing IT disasters.

Your IT services provider should guarantee quick response times. Consider asking them the following questions:

  • If I need onsite support, how fast will you provide it?
  • Is there a turnaround time for resolving issues?
  • How long will it take for you to respond to questions from my team?

Ensure the service provider can provide facts and metrics to back up their answers. Help desk support should also be available. You should be able to contact them via chat, phone, and email, enabling you to receive immediate IT support.

4. Attitude and Company Culture

It would be best to consider the corporate environment of an IT services provider before hiring them. Your company’s culture and that of your IT services provider should fit well together. This facilitates consistency through a shared sense of purpose.

Moreover, it would help if you evaluated how the provider’s employees view their work. Could they effectively communicate with you and relate to your business?

In short, it is vital to choose an IT company that cares about the success of your business and is willing to go the extra mile to help you.

cybersecurity is essential to the global supply chain

5. Service Level Agreement

Your IT service provider is obligated to deliver services to you according to the Service Level Agreement (SLA). The agreement also promotes transparency, outlining mutually-agreed standards for the delivery time, responsibilities, scope, and quality of service.

Ensure that the IT services provider you choose has a responsive service level agreement. This will keep the SLA up to date with constantly improving services.

6. Scalability

Your business deserves an IT service provided that can grow along with it. In other words, your IT provider should facilitate your business’s growth. You should, therefore, choose an IT firm that can adapt to your company’s growth and goals as it grows.

7. Skills and Experience

If your IT team lacks specific skills, you need to hire a provider who can deliver those services. Ideally, your IT services provider will offer skillsets that your internal IT team lacks.

These could include anything from software/hardware maintenance, networking, and troubleshooting to consistent branding and keyword research.

8. Billing

Your IT service provider’s billing structure should be easy to understand and keep track of. Make sure the IT services provider you choose gives you a clear idea of how much you will be charged.

Furthermore, they should assist you in negotiating rates and dropping unwanted services. The best IT providers focus on doing the job right and delivering value. They are honest and dependable.

Conclusion

Your IT services provider should focus on meeting the needs of your business from beginning to end, allowing you to focus on the strategic side of things. With the help of their seasoned professionals, IT services companies can drive faster business growth and improve your operational efficiency.

Moreover, they constantly monitor and analyze your IT infrastructure to ensure stability. Choosing the right IT company is all it takes. If you keep the factors listed above in mind, you should be able to find the right fit quickly and painlessly.

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