INTERNATIONAL MONEY ORDERS
We help you to protect your customers and your business
Proteja sus giros internacionales con nuestras soluciones de seguridad y cumplimiento. IQ Information Quality garantiza transferencias globales seguras y confiables.
The card brands receive in payments worldwide trillions of dollars (data from VISA 2021) and bear these figures in the confidence that the card holder has to put the data of your card for purchases of goods and services in channels of card present and not present
IQ Information Quality has fourteen years of experience in providing security services in digital payments for Latin America and the Caribbean, approved by the PCI SSC (PCI Security standards Council)to perform the evaluation of compliance with international standards (PCI DSS, PCI PIN, PCI 3DS) that protect payments made with credit cards (VISA, Amex, Master, Discovery) in environments of card present (POS) and card not present (e-Commerce and telephone).
PCI standards are best practices in the industry to protect any electronic transaction where you need to protect sensitive data and can be used to secure other ecosystems of payment such as:
- Private cards
- BNPL ( Buy Now Pay Later)
- International Money Orders
- Payments person-to-Person P2P
- Payment of Tolls
- Loyalty points
- Criptoactivos.
In any payment you made to your customers, there is information sensitive card data that must be protected.
International Money Orders
What are they? It is a service provided by the different financial institutions, by means of which you will be able to send money overseas to various countries of the world, through a wide network of banks that are affiliated with a global network.
The companies that do international wire transfers or using agents which are generally financial institutions use sensitive information that is used to perform the transaction. This information is associated with:
- Account numbers from and where the transfer is made.
- The personal data of individuals who send and receive the transfer.
- Ids of the agents, or partners, from where or where the transfer is made.
In some cases, transactions are made from digital wallets and/or applications which are connected to the ecosystem of international wire transfers.
The risks associated in this type of ecosystem of payment are related:
- Leakage of sensitive information that are used to make turns.
- Changes in the details of the transactions with attacks man in the middle.
- Commitments in systems that perform the transactions that may lead to perform fraudulent transactions.
Services that support the protection of the international money orders are:
- Identification and documentation of information flows in the processes where it is used the sensitive information of the customers.
- Identification and validation of reach
- Identification of the controls that apply to the scope in accordance with the best practices of PCI standards.
- Diagnosis with respect to PCI standards.
- Validation and support for the action plan for the closure of the findings.
- Audit third-party to validate the compliance of the controls.
