Sunday, February 24, 2019 | ePaper

Ensuring maximum security of online payment

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Business Desk :
Multipurpose media is coming in the way of the world as technology moves forward. Payments on online payments, credit cards, debit cards or gift cards are still widely used. Currently, 12.23 million debit cards and 980,000 credit cards are being used in Bangladesh, said a press release.
The transaction on mobile banking is upwards of 10.6 billion taka. Besides, people are using different types of IDs, personal information. The maximum security of these transactions and ID information is time demand now. For a little bit of security, people can lose their resources.
Speakers at a seminar at Hotel Westin Dhaka in the capital on Tuesday said they would like to increase security measures. United States-based world famous payment and identity security company Entrust DataCard and their local representative Leeds Corporation Limited jointly organized this seminar. Lila Rashid, general manager of Bangladesh Bank's Payment System Division spoke on the occasion.
Speakers said, 'Omni-channel' or multipurpose transaction system has become very popular in Bangladesh, keeping pace with the world.
The country's banking system and the government are also taking advantage of this. Banks are regularly promoting the business by introducing various types of cards through their digital payment system. The government utility bills are part of the automated system.
Bangladesh Bank General Manager Lila Rashid said there are currently four types of payment systems in Bangladesh-cash payment, paper-based payment, card-based payment and electronic payment. After the manual, semi-automated payment experience, we have now entered the fully automated transaction system.
Bangladesh Bank now completes transactions with three types of automated platform. Bangladesh Automated Clearing House (BACH), National Payment Switch Bangladesh (NPSEB) and Bangladesh Realtime Gross Settlement System (BD-RTGS).
In addition, Mobile Financial Services is operating now. He said that currently there are 53 banks operate cards business. And 12 banks offer internet banking services. In addition, there are 61 billion mobile banking accounts and 8 lakh agents. Every day 6 million transactions are done through this.

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