Evaldas Remeikis, founder of NEO Finance, AB, on payment security: how do payment platforms work and what requirements do they have to meet?

Evaldas Remeikis, founder of NEO Finance, AB, on payment security: how do payment platforms work and what requirements do they have to meet? How is the transfer of money carried out and what determines when it reaches the recipient?

How do payment platforms work and what requirements do they have to meet to ensure security? How is the transfer of money carried out and what determines when it reaches the recipient? How can we be sure that the transfer we make is secure and will go exactly where it needs to go? These and other questions were answered by Evaldas Remeikis, CEO and Chairman of the Board of NEO Finance.

– Let’s start with the question of security – how can people and businesses be sure that the financial transfer they make is safe and will go where it needs to go? What determines and guarantees this? – Neopay, the payment platform, ensures secure payments by complying with strict regulatory standards such as PSD2, GDPR and PCI DSS. This means that every payment is protected by strong authentication, sensitive data is encrypted and advanced fraud detection systems constantly monitor for suspicious transactions. Imagine buying something online – instead of entering your card details, you can simply log in to your bank and authorise the payment through the payment platform. All of this is done through a secure API connection that ensures your money reaches the merchant quickly and safely, while your data remains protected.

Read more: https://www.delfi.lt/login/finansines-technologijos/po-17-mln-euru-pagrobimo-lietuvoje-specialisto-ispejimas-del-atsiskaitymu-internetu-120083491