Payment via e-wallet, how to ensure safety and convenience?

Using electronic wallet to pay online instead of cash is becoming a trend of Vietnamese consumers. But technology wallets are also the target of cyber attacks … E-wallet is the target of hackers According to Mr. Le Anh Dung – Deputy Director of Payment Department (State Bank of Vietnam), the State Bank has licensed 37 payment intermediaries, including 34 e-wallets. By the end of the first quarter of 2020, Vietnam has 13 million e-wallet accounts activated and used with a total wallet balance of about 1.36 trillion dong. Data from the State Bank showed that in the first quarter of 2020, there were about 225.6 million transactions made via e-wallets, with a transaction value of 77.7 trillion dong. Those are “talking numbers”, showing the incredible speed in transactions via e-wallets in Vietnam. Experts say that the potential of this market in Vietnam is still very large. The growth rate of electronic wallets in the coming years will continue to increase strongly. For users, payment via e-wallet is also proving convenient. Payment units are expanding day by day, users can purchase and pay with just a few taps on the phone. The advantage is: no need to bring cash, convenience and transparency in payment. However, e-wallets in particular, as well as online payment gateways in general, are targeted for cyber attacks. According to the Center for Monitoring and Reaction on Cyberspace (Viettel Cyber Security Company – VSC), in the first 8 months of 2020, more than 3 million cyber attack warnings were detected on financial systems, banks, IT networks in some provinces and cities nationwide. In which 90% target the financial and banking systems. In the press, on social networks, many articles warn about users being attacked and phishing to steal payment accounts. Since then, payment service providers also have to continuously update and upgrade the system to ensure the safety of assets, as well as information of users. Security and safety in payment on e-wallets are considered the top priority of service providers, also the number one priority of users. VinID Pay increases the safety of users Financial experts affirmed that using e-wallets that meet high-end security standards such as: PCI DSS, Tokenization, 3D-Secure … is one of the solutions to increase security. Recently, VinID Pay achieved the highest level of PCI DSS international security certificate (Level 1) issued by the PCI Security Standards Council. The representative of Vingroup said that this certification is a system of more than 200 requirements and standards on: data security, policies, processes, network structure, software system. The PCS DSS Level 1 is the top level, for banks and international card issuers or vendors with over 6 million transactions per year. VinID Pay is known as one of the electronic wallets with wide coverage on the market today. In addition to “traditional” affiliate channels such as supermarkets, bill payment, online shopping … VinID Pay also has a number of useful services such as buying car insurance, buying passenger car tickets, buying a house, renting help. remote work … or “monopolies” such as: buying tickets to the Sky Tour by Son Tung M-TP, live-concert tickets “Short Stories” by Ha Anh Tuan (both in 2019). By 2020, VinID Pay users will also own another “privilege”: online payment with all grocery stores affiliated with VinShop. According to statistics, Vietnam currently has about 1.5 million grocery stores stretching from north to south, present in both big cities and rural areas. About 40,000 of them are currently affiliated with VinShop, and this number is constantly growing. Accordingly, many users only need to step out of the house to buy things, pay online via VinID, no cash. Compared to finding mini supermarkets – which are not too popular in many localities in Vietnam, to be able to pay online, this is an optimal solution. Source: https://vietnamnet.vn/vn/kinh-doanh/thanh-toan-qua-vi-dien-tu-lam-sao-de-dam-bao-an-toan-tien-loi-696292.html

Agribank tích cực đẩy nhanh chuyển đổi thẻ từ sang thẻ chip

Chuyển đổi thẻ thanh toán nội địa từ thẻ từ sang thẻ chip là một trong những giải pháp trọng tâm của Ngân hàng Nông nghiệp và Phát triển nông thôn Việt Nam (Agribank), tuân thủ theo Đề án phát triển thanh toán không dùng tiền mặt giai đoạn 2016 -2020 của Thủ tướng Chính

Ngân hàng đổi thẻ để chống trộm

Khoảng 23 triệu thẻ nội địa do các ngân hàng trong nước phát hành sẽ phải hoàn tất chuyển đổi sang thẻ chip trong vòng 6 tháng cuối năm 2019. Đến cuối năm 2021, toàn bộ thẻ trên thị trường ATM nội địa theo công nghệ chip. Chuyển đổi khoảng 23 triệu thẻ ATM Tối 28.5, Công

Joint venture bank entered the domestic Premium chip card issuance

Premium chip card is connected to payment account. So customers can use to withdraw money, transfer money, pay for goods, online shopping at the payment website via Napas portal. Comply with Circular No. 16 / KH-NHNN dated December 30, 2015 on “converting magnetic cards into chip cards” and Circular 41/2018 / TT-NHH dated December 28,

What is EMV chip card? Why should EMV be used instead of magnetic cards?

When withdrawing / paying with an EMV chip card, it only takes a few seconds for the transaction to complete, in fact its transaction processing process is very complex so it has extremely high security. What is EMV chip card? EMV stands for Europay, MasterCard, Visa. This is an alliance of card payment organizations in

Vietbank Digital: Hướng tới xã hội không dùng tiền mặt

Vietbank Digital đang hướng người dùng chuyển sang một xã hội thanh toán không tiền mặt, đồng thời góp phần ngăn chặn sự lây lan của dịch bệnh covid 19. Miễn toàn bộ phí đăng ký, phí thường niên, phí quản lý tài khoản và giảm phí chuyển khoản liên ngân hàng cùng với công

Bảo mật 3D trên thẻ ngân hàng là gì – An toàn – 2020

Nhiều người hâm mộ mua sắm trực tuyến thường xuyên bắt gặp một hệ thống bảo mật 3D-Secure đặc biệt được phát triển dành riêng cho khách hàng hệ thống thanh toán quốc tế Visa và sau đó cho người dùng MasterCard. Nhưng 3D-Secure là gì? Làm thế nào để kết nối nó? Ưu điểm