Security Benefits

In creating the Point of Pay technology we took the view that online payments should work the same as, and be just as secure and trusted as, in-store payments – and we designed our system to do just that.

By using PoP Net to make payments consumers, merchants and financial institutions all benefit from a uniform, industry standard environment.

For the consumer PoP Net offers;

• Protection against identity theft
• Increased confidence in online transaction security with a familiar EFTPOS/ATM experience
• Systems to prevent the merchant from ‘seeing’ the entire Cardholder PAN; the transaction goes straight to the Cardholders bank through the EFT network not the merchant’s website
• Authenticates the merchants as well as the Cardholder - they are who they say they are. 

For the merchant PoP Net offers;

• PIN debit transactions online
• Reduced operating or installation costs;
• Cardholder Authentication and a basis for the non-repudiation ot transactions - no chargebacks
• Reduced cost of e-commerce payment transaction processing to the merchant;
• An exponential increase in Internet purchasing across all markets once the perception of security has been established.

For financial institutions PoP Net offers;

• The highest level of online electronic transaction security available - uses PINs to provide full Cardholder authentication
• Reduced costs and better system security by using existing, well established and familiar EFT and ATM network systems
• Compliance with Debit and Credit Card Scheme standards and security requirements - PCIPED and EMV compliance
• Compliance with domestic standards as required
• Acceptance of both Magnetic Stripe and EMV cards using existing infrastructure and payment methodologies, reducing implementation cost and the possibilities of systems failure
• Systems to protect the Cardholder’s PAN.