The PCI Security Standards Council offers robust and comprehensive standards and supporting materials to enhance payment card data security. These materials include a framework of specifications, tools, measurements and support resources to help organisations ensure the safe handling of cardholder information. MyGate is Level 1 Certified provider and is required to be PCI DSS compliant, undertaking annual audits from an external Qualified Security Assessor.
The Verified by Visa scheme (VbV) is an initiative that makes shopping online even more secure. This is an industry-wide effort to help combat online fraud. When a customer makes a payment they will be prompted to enter a unique, personal code that has been registered with their bank. The bank then authenticates the cardholder performing the transaction and returns electronic evidence to the retailer of the online authentication. MyGate has completed Verified by Visa certification.
MasterCard SecureCode is initiated on a retailer’s website and interacts with both the cardholder and their card issuer. When a customer makes a payment they will be prompted to enter a unique, personal code that has been registered with their bank. The bank then authenticates the cardholder performing the transaction and returns electronic evidence to the retailer of the online authentication. MyGate has completed MasterCard SecureCode certification.
MyGate has completed its ISAE 3402. This forms part of MyGate’s commitment as a service organisation to meet pre-defined governance standards and management controls. The audit supports MyGate’s overall objective of creating a safe secure financial platform for merchants to transact and enhances their information security and business process management capabilities.
MyGate is an online payment and debit order company that helps companies to accept payments securely for products and services. Online credit card payments, automated recurring card payments and call centre payments are just a few of the solutions, which are available, to simplify the way customers spend their money.
Allowing customers to pay using debit orders is a simple way to ensure that your company collects money and your customers do not have to worry each month about their payments being late. Debit orders are a great way to keep track of recurring payments from customers and saves the company’s money on reconciling manual EFT payments. Debit orders can save time for both the business and the customer making it a worthwhile system to implement for recurring payments.
Online payment is another great way to keep up to date with your payments. For the customer, being able to pay your account using an online payment system is going to enable you to pay your accounts whenever you feel like it. In addition, for the company, receiving your payments on time will have a positive effect on your business.
It is not only debit orders that are able to ensure that you sell more and that your customers pay their accounts. Unfortunately, you cannot guarantee that people are going to pay their accounts but with a debit collection system in place the money will go off automatically, ensuring that you get your money even if the client does not physically pay the amount into your account. Just another service that MyGate offers you to give you peace of mind.
MyGate also offer companies a tokenisation system, bank account validation service, bank account verification service and reporting for the payments receive.
Secure EFT payment
Along with being an online payments company and debit order collection company, MyGate also offers clients the opportunity to set up alternative payment methods for their customers. MyGate’s instant EFT service is available in South Africa and enables customers to make safe online payments into your bank account. You will receive instant notification of the payment having been made, allowing you to deliver your product or service in real time.
Offering your customers multiple payment options helps to expand your target market and encourages more people to buy.