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The shift from traditional payment methods to modern digital solutions is no longer optional; it is essential for delivering public services effectively and meeting citizen expectations. Improved Citizen Satisfaction: Offering multiple payment methods and user-friendly platforms ensures convenience and accessibility for all citizens.
GovernmentPayment Service , the company that enables online payments for thousands of U.S. state and local governments, has inadvertently made available information on more than 14 million customers from as long as six years ago.
Not only do these losses impact the community at large, but payment fraud can also significantly undermine the integrity of local government operations for years. Procurement fraud can include kickbacks, bid rigging, or conflicts of interest between government employees and vendors.
The responsibility to safeguard public funds—and maintain trust with constituents—falls on government compliance managers, CTOs, comptrollers and auditors, finance teams, and Treasurers. Data Analytics and Monitoring Digital payment systems benefit from automated processes that streamline governmentpayment processing.
sanctioned countries Security Features Highly secure with financial industry standards, encryption, and strict protocols Enhanced security with proof of identity required Best for Recurring bills, payroll, government transactions, B2B payments High-value transactions, urgent payments, international transfers What is ACH (Automated Clearing House)?
Conduct regular post-payment audits to identify vulnerabilities. End-to-end encryption. Implementing end-to-end encryption helps protect sensitive customer data throughout its lifecycle—i.e., Payment compliance refers to the adherence to laws, regulations, and standards governingpayment processing.
Enhanced Accuracy and Security Traditional payment methods require physical cash and credit card handling, which can introduce the risk of fraud or accounting errors. Kiosk payments mitigate these risks by managing payments electronically with built-in encryption, secure data storage, and authentication measures.
Partnered with Trend Micro to bring better data encryption and authentication technology to businesses. Won Best Corporate/GovernmentPayments Programme at Emerging Payments Awards. Connected digital payments hub with Finovate alum Klarna’s checkout solution. in one year. Modo ( FD15 ).
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