We know that when it comes to banking and transactions the word “security” is a constant. We know there are fears of fraud and cybercriminals, but when it comes to Bizum security, you can rest easy! Bizum is safe, totally safe. And in this post we’re going to explain why. <\/p>\n\n
Yes, Bizum is safe. Very secure. And so that you are clear about Bizum security, we are going to analyze three key points that define the security of your favorite payment system: <\/p>\n\n
1. It is safe to pay with Bizum because it is included in the apps of the banks themselves, so it uses their security mechanisms to provide the maximum guarantee to Bizumers.<\/p>\n\n
Bizum is secure as it complies with the criteria established in the transposition of the European PSD2 payment directive, which establishes the reinforced authentication mechanisms to offer a secure payment.<\/p>\n\n
3. In addition, Bizum security is backed by constant innovations in Spanish banking, the most advanced in Europe, applying extra security factors such as double validation of each transaction.<\/p>\n\n
For those who are particularly interested in the more “technical” side of Bizum security, let’s look at a key factor that ensures that Bizum is secure: the European PSD2 payment directive.<\/p>\n\n
PSD2 (Payment Service Providers) is the European regulation that is responsible for ensuring security and transparency in payment services, collecting all the rights and obligations that both entities and customers must apply in terms of payment services. In Spain it is applied through the Royal Decree Law 19\/2018 on payment services. <\/p>\n\n
This regulation includes an extra security requirement: the Strong Customer Authentication or SCA. This SCA requires the user to use at least two of these three elements (cell phone, a password or PIN code and fingerprint or easy recognition) to validate any transaction. <\/p>\n\n
This is why we can say with confidence that Bizum is safe, as it is a service offered by Spanish banks and is backed by all Spanish and European rules and regulations.<\/p>\n\n
Now you know that the double verification of your bizums is due to the SCA and, above all, that thanks to it it is safe to pay with Bizum.<\/p>\n\n
Bottom line, if it’s safe to pay through your bank, it’s safe to pay with Bizum.<\/p>\n","protected":false},"excerpt":{"rendered":"
We know that when it comes to banking and transactions the word “security” is a constant. We know there are fears of fraud and cybercriminals, but when it comes to Bizum security, you can rest easy! Bizum is safe, totally safe. And in this post we’re going to explain why. Is Bizum safe? Yes, Bizum […]<\/p>\n","protected":false},"author":6,"featured_media":27852,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[86],"tags":[],"class_list":["post-28420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-security"],"acf":[],"yoast_head":"\n