Our payout solution, powered by Finateco’s in-house credit cards,
offers a flexible, efficient way for merchants to manage payments for
both clients and employees. Through a single master account,
merchants can order branded credit cards—available in both physical
A wide range of potential threats exists in the internet world, particularly when it comes to businesses and merchants. According to available data over 340 million compromised internet security attacks have been reported since 2005. Moreover, small merchants were the target of 80 percent of those security breaks, making them the most sensitive to the dangers that online fraud might pose in the first place.
Customer information is hacked, and the penalties for the merchant can be extremely severe in such circumstances. Finateco offers security services for businesses of all kinds and types, so if you are concerned about security and want to secure your customers from attacks, please contact us. We are here to offer you a payment processor that is PCI compliant, just like every retailer should. This is our method of protecting you from fraud assaults.
This has already been noted. Customer information from a non-compliant business that is taken as a result of an information security breach might result in severe fines for the shop in question. Fines of up to $500,000 per occurrence, as well as the loss of his ability to take credit cards, are among the punishments he faces. Either of these penalties can knock anyone’s business out of business, particularly if one is just starting started and trying to make a name for oneself in the industry. In certain circumstances, it has the potential to bring the company to its knees. This illustrates why it is critical to protect your own security or work for an organization that has your best interests in mind when it comes to information security. making it easy to disburse funds and manage expenses.