Providing Secure Payment Processing for All
The PayFont Questions & Answers
- Questions & Answers
What actually is Payfont?
Payfont is a proprietary technology solution designed to operate across the bankcard, non-cash (e.g. PayPal, Western Union) and mobile payments markets.
Why is Payfont better than Chip and PIN?
The global Chip and PIN rollout is, unfortunately, not failsafe. Although chips on payment cards are considered secure, cards can still be stolen and card numbers used to provide false identity. Despite PINs being relatively secure, they can also be stolen, or skimmed, as reported in recent press statements.
Moreover, in Internet, mail or telephone transactions, no PIN is provided and, additionally, the identity of retailers is not validated.
Payfont has a relatively simple, but powerful consumer-friendly solution that addresses these critical weaknesses.
What payment methods does Payfont cover?
Payfont is designed to accept debit, credit, charge and prepaid Visa, MasterCard, American Express, and any other cards that work with Chip and PIN. Globally, across the Internet, and by mail order, telephone, contactless and over-the-counter/person-to-person means.
Payfont will, where applied, also power authorisation of other payment methods, such as travel cards, and facilitate person-to-person money transfers and Internet transactions.
Payfont - Confidence Convenience Convergence
