Security Matters: Understand the Risks

Today the market is awash with payment processing providers, all making a range of bold claims. The question is: how do you know if they’re all up to scratch? Can you trust them to manage data, work with your systems and avoid the kind of embarrassing slip-ups that can make headlines? The frightening thing is that in many instances, the answer to this question is ‘no’.

It never fails to surprise us that, for all the providers out there, there are still those who fall woefully short in important matters such as security, data protection and system integration. Here are just a few of the things you should be looking at when choosing your providers.


The number one priority for any system is that it’s secure – whether you’re processing payments via credit cards, online, mobile phone or any other system, you need to be able to demonstrate that the entire system is robust and secure. If you can’t your customers simply won’t be able to trust you.

Wherever you look there are examples of major companies experiencing massive problems through data theft. In 2014, for instance, Staples was left red-faced after malware installed in 113 of its stores allowed criminals to access over a million payment card details. Other system weaknesses or malfunction can leave the details of your customers’ and their payments at risk.

At My Payments, we’ve invested huge resources in developing the best technology and the most secure and robust systems imaginable. It means that we’re one of the most trusted payment processing providers around, which in turn allows you to provide visible reassurance to your customers.


In today’s modern retail environment, it’s impossible to develop a one size fits all system. This is why you need systems which can successfully integrate with your client’s own technology. This enables them to smoothly install your operating system and accept payments in a fast and timely manner. Any glitches in the system can lead to a host of problems with your payments.

Speed and Flexibility

As a business, you naturally want to be able to process payments as quickly as you possibly can. To do that you need the speed and a whole lot of flexibility. Depending on the technology backing up the software, different payment systems will exhibit a wide variation in speed and usability. That’s why we’ve put so much time into developing a software package that allows quick and easy transactions, 24 hours a day, seven days a week and 365 days a year. It’s as flexible as you need it to be.


Finally, comes to an issue, which is not always talked about in a high tech environment such as this. Much of the technology we deal with is new, but having a company which has been at this a long time and can show it knows how to work with the latest developments in technology counts for a great deal. There are plenty of players coming into the market, but not all of them stick it out for the long haul. It’s a competitive environment and the truth is that the ones which survive are the ones which offer the best and most robust product.