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Top Security Features to look for in a Service Provider

May 11, 2023

In today's digital world, online transactions are becoming increasingly common. With more and more people opting for online shopping, it has become crucial to ensure online transactions are secure. FMPay offers online transactional services and so is only too aware of the importance of security. Below we discuss the top security features you should look for in choosing an online transactional service provider.

SSL/TLS Encryption

Secure Sockets Layer (SSL) and Transport Layer Security (TLS) are encryption protocols. These ensure data is transmitted securely over the internet. When you visit a website that uses SSL/TLS encryption, your browser establishes a secure connection with the website's server. This ensures any data you enter, such as your credit card information, is encrypted and cannot be intercepted by hackers.

When choosing an online transactional service provider, it is important to ensure they use SSL/TLS encryption to protect data. Look for the padlock symbol in the address bar of your browser to confirm that the website is using SSL/TLS encryption.

Two-Factor Authentication

Two-factor authentication (2FA) is a security feature requiring two forms of identification for access. Typically, this involves entering your password and then a code sent to your mobile phone. This provides an additional layer of security, as even if a hacker knows your password, they cannot access your account without the code.

When choosing an online transactional service provider, look for one offering two-factor authentication. This will help to protect your account from unauthorised access.

Fraud Detection and Prevention

Fraud detection and prevention is another highly important security feature. It involves the use of advanced algorithms and machine learning to detect fraudulent transactions. With detection it can then prevent them from occurring.

Always look for a provider with robust fraud detection and prevention measures in place. This will help ensure your transactions are secure and your money is protected from fraudsters.

PCI Compliance

Payment Card Industry (PCI) compliance is a set of standards designed to ensure businesses accepting credit card payments are following best practices for data security. To be PCI compliant, businesses must adhere to a set of guidelines that cover everything from network security to data encryption.

Make sure your provider is PCI compliant. This will help ensure your customers' credit card information is protected.

Data Encryption

Data encryption is the process of converting data into code so that it cannot be read by unauthorised parties. When you enter your credit card information on a website, it is important the data is encrypted protecting it from hackers.

Your provider should always use data encryption to protect your customers’ data. This will help to ensure credit card information is secure and cannot be intercepted by hackers.


In summing up, the security of online transactions is paramount in today's digital age. As a UK fintech company providing online transactional services, FMPay recognises the significance of security measures. When selecting a transactional service provider, make sure to prioritise SSL/TLS encryption, two-factor authentication, fraud detection and prevention, PCI compliance, and data encryption. By opting for a provider that offers these security features, you can have peace of mind knowing that your customers' transactions are protected, and their sensitive data is safeguarded.

Learn more about FMPay's Security Policy here

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