PromisePay Is Solving Online Payment Problems With Trust

“When online payments first began over three decade ago, many doubted it would be universally accepted. Inability to trust and the risk of fraud were cited as the major reasons to deny it.

But of course today, the story is markedly different. People are comfortable with punching in personal payment info and transacting a lot of money, expecting exactly what they paid for.

Yet online payment fraud is still rife. In 2013, 40 million people had their financial data exposed after Target TGT +0.72% was hacked. Whether it’s a sinister and sophisticated scheme or an innocent dispute between two parties, how are we really protected?”

Read the full Forbes article here.