Bank Grade Security and Fraud Protection

by Andrea West

Posted on 2016-02-09 14:11:17

Handling payments is one thing, handling payments with bank grade security is another. On the web today, transactions are simpler than ever. However, the part we don’t see? It’s complex. In order to take payments, protect against fraud, and protect users, a whole lot goes on behind the scenes.


From encryption to cross-variable checks, software for landlords and property management must offer the best in rent fraud protection. In the world of property management software, Smart Housing has top security measures to keep accounts safe.


Commerce over the web is still fairly new. Setting up an online store is always handled through third parties because whether they’re payment processing companies or online storefronts, offering excellent security is not something small businesses can do for themselves. This is what has kept a lot of property management customers from going completely online. Even today, many systems that manage the payment from resident to landlord don’t have the capabilities to give you 100% secure rent fraud protection. That means those who do are way ahead of the game.


Smart Housing uses a groundbreaking system of variable checks. This means that any information that is sent through the system requires confirmation from a number of other sources which keeps the resident’s account information safe and protects landlords from rent fraud.


But what about the systems that don’t use bank grade security? Many property management software companies who have not kept up with the times have put themselves in trouble with fraud. There have been scammers who have laundered money through payment portals as well as other horror stories of users being taken advantage of.


Fake payments have been a problem for companies who don’t take fraud protection seriously enough. The alternative is shuttling paper checks through the mail, using troubled systems to manually enter data, and paying for tax provisions to be done yearly. There has to be a safe alternative.


It’s good to see that there are companies who allow property managers and landlords to move with the digital age without any fear of fraud. Smart Housing’s protection system protects from fraudulent rent payments. Checking against variables, their system can detect a fake or fraudulent payment immediately and let the landlord know about fake accounts or possible payment problems.

We all want to upgrade our system. The ease of use and reduction of busy-work alone is worth it. But make sure that you make your life easier with the right applications. You don’t want to make your life more difficult by using a company that doesn’t take their security as seriously as they ought to. Get the kind of secure payment system that is good enough for the banks and protects your assets from fraud.

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