The world of financial technology is continually changing, and amidst this chaos, there is one company which has stood out amongst the crowd as not only a leader in the industry but a master of innovation. PSI Pay the leading financial payment processing company in the United Kingdom, partners with MasterCard has recently unveiled their plans for a new contactless payment processing ring.
By partnering with wearable technology company Kerv, they have developed a new ring which a user may wear on their finger that can hold their financial data and make payments with without contact. As innovative as this is it has however raised questions in regards to the safety and security of the clients’ data. PSI Pay has stated that they use state-of-the-art security features that utilize a secure and reliable system that brings about the maximum protection for your business. In this system, a combination of transactional and behavioral data analysis is used to combat fraudulent activity online. In addition to this analysis, PSI Pay uses a number of third-party data brokers to verify the identity of account holders. PSI Pay employees 18 of in-house qualified risk professionals and data analysts whose sole purpose is to identify and investigate suspicious behavior amidst the numerous financial transactions all with the specific intent of minimizing exposure to potential fraud.
With all of the innovations introduced to the market by PSI Pay the marketing director of the company Phil Davies has recently been nominated for the PayExpo Europe Payments Power 10 award. Every year this award is given in recognition of the top 10 payment industry contributors over the last year. It comes as no surprise that Phil Davies has been nominated when you consider just how much PSI Pay has contributed to the financial payment processing industry over the last decade. They offer one of the most diverse ranges of solutions of any company within the financial technology market including such things as funds safeguarding as well as contactless payment solutions.
PSI Pay has a significant presence on social media with many followers on twitter as well as a prominent LinkedIn account. If one is interested in keeping up-to-date with the present announcements within the company following them on the various social media platforms is a surefire way to do so with no headache. This presence on social media only contributes to the company’s well-known transparency and help to instill a sense of trust in clients in regards to the company’s management.